Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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The best GIC rates in Canada for 2025 + MORE Dec 9th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Bank Websites: What Canadians Want – Pt. 2 + MORE Jun 25th
By Derek Nicholson
What makes a great bank website or mobile app? With more than three quarters of Canadians now using online banking, it’s become the norm rather than a trend – and it’s important to see how our banks are keeping up. To examine how customer satisfaction is attribu.... More »
Italian banks under glare as EU stress tests results due + MORE Jul 29th
MILAN – The spotlight is on Italy’s troubled banks as regulators prepare to release the results Friday of stress tests of EU lenders that will show how much money the country’s financial sector, the most troubled in the region, needs to avoid rekindling a eurozone crisis.
Banks in .... More »
Why Goldman investors shouldn’t count on a return to the good old days + MORE Feb 8th
The U.S. President may take aim at Dodd-Frank, but it’s by no means clear that banks will benefit as much as some think
.... More »
Some Southern California customers charged thousands of dollars for Del Taco meals in error Apr 19th
SANTA PAULA, Calif. – What was supposed to be a cheap bite at Del Taco turned out to be small fortune for some Southern California customers.
About 150 people who ordered this week at the Mexican-style fast food chain in Santa Paula, 65 miles northwest of Los Angeles, were mistakenly charged t.... More »
Regulators take over small bank in Oklahoma, the 2nd bank failure of 2014
– canadianbusiness.com
WASHINGTON – Regulators have closed a small lender in Oklahoma, the second U.S. bank failure of 2014.
The Federal Deposit Insurance Corp. said Friday that it has taken over The Bank of Union. BancFirst, based in Oklahoma City, has agreed to assume Bank of Union’s deposits and to buy $225.5 million of the failed bank’s assets.
Bank of Union has one branch in Oklahoma City and another one about 30 miles away in El Reno, Okla. It had $331.4 million in assets and $328.8 million in deposits as of Sept. 30.
The FDIC will keep the remaining assets to try to sell later.
The bank’s failure is expected to cost the deposit insurance fund $70 million.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
In 2007, only three banks went under. That number jumped to 25 in 2008, after the financial meltdown, and ballooned to 140 in 2009.
In 2010, regulators seized 157 banks, the most in any year since the savings and loan crisis two decades ago…
The Federal Deposit Insurance Corp. said Friday that it has taken over The Bank of Union. BancFirst, based in Oklahoma City, has agreed to assume Bank of Union’s deposits and to buy $225.5 million of the failed bank’s assets.
Bank of Union has one branch in Oklahoma City and another one about 30 miles away in El Reno, Okla. It had $331.4 million in assets and $328.8 million in deposits as of Sept. 30.
The FDIC will keep the remaining assets to try to sell later.
The bank’s failure is expected to cost the deposit insurance fund $70 million.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
In 2007, only three banks went under. That number jumped to 25 in 2008, after the financial meltdown, and ballooned to 140 in 2009.
In 2010, regulators seized 157 banks, the most in any year since the savings and loan crisis two decades ago…
And The Award Goes To…
– ratesupermarket.ca
Announcing the Best of Finance 2013! We are so proud to share this year’s rankings with you, which highlight finance products with the highest value. Read on for the winners in credit cards, mortgages, learning resources and more!
In other news, Canada’s housing market was thrust back into the spotlight this week, as news of lender mortgage rate cuts abounded and the Bank of Canada rolled out its latest interest rate announcement. It has many wondering if this winter is a prime time for jumping into the housing market – be sure to check out our coverage of the announcement below, as well as this week’s Mortgage Spotlight to get caught up.
Canadians To Cash In With Best Of Finance Awards
What credit card earns the greatest rewards? Are all bank accounts built alike? Many Canadians aren’t offered these answers when seeking out the best personal finance products for their needs, despite what they could be saving. To fill this knowledge gap, RateSupermarket.ca has unveiled the 2013 edition of the Best of Finance Awards, a ranking of the very best credit cards, mortgages, bank accounts and more…
Spotlight On Mortgages: Will The Rate Wars Start Early This Year?
– ratesupermarket.ca
It’s been a good week for mortgage shoppers seeking a discount – several of the big banks have chopped 10 basis points or more off their most popular fixed rate offerings. RBC led the pack, covertly discounting their five-year fixed rate to 3.69 over the weekend. Scotiabank and BMO soon followed, with TD being the latest lender to jump into the fray.
The banks are finally reacting to lower government of Canada bond yields, which have been sliding since the beginning of the month. This latest round of discounting has narrowed the gap between the larger lenders and discounted rates. For example, the lowest five-year fixed in Ontario currently sits at 3.19 per cent – just 50 basis points under RBC’s offer.
Is It Time To Lock In To Fixed Rate Mortgages?
So, should you jump into the housing market now, or wait for even better deals? While we can’t predict whether rates will slide slower, consider this: yields, which fixed rates are based on, are directly affected by global investor sentiment…
Spotlight On Mortgages: Will The Rate Wars Start Early This Year?
– ratesupermarket.ca
It’s been a good week for mortgage shoppers seeking a discount – several of the big banks have chopped 10 basis points or more off their most popular fixed rate offerings. RBC led the pack, covertly discounting their five-year fixed rate to 3.69 over the weekend. Scotiabank and BMO soon followed, with TD being the latest lender to jump into the fray.
The banks are finally reacting to lower government of Canada bond yields, which have been sliding since the beginning of the month. This latest round of discounting has narrowed the gap between the larger lenders and discounted rates. For example, the lowest five-year fixed in Ontario currently sits at 3.19 per cent – just 50 basis points under RBC’s offer.
Is It Time To Lock In To Fixed Rate Mortgages?
So, should you jump into the housing market now, or wait for even better deals? While we can’t predict whether rates will slide slower, consider this: yields, which fixed rates are based on, are directly affected by global investor sentiment…
