The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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The best high-interest savings accounts in Canada for 2024 Feb 5th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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The best GIC rates in Canada for 2024 Jul 23rd
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Is now the time for retirees to sell stocks and buy GICs? Aug 2nd
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My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
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Is an all-weather portfolio the answer to the shortage of “safe” investments? + MORE Oct 27th
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investment—suffered losses in 2021, as interest rates were poised to rise. Now that central banks have said .... More »
The best credit cards in Canada for 2023 + MORE Sep 15th
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The best credit cards in Canada for 2023
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The Best Online Banks in Canada for 2022
– canadianfinanceblog.com
According to the Canadian Bankers Association, 90% of Canadians reported using online banking in the past year, and almost 50% say that digital is their preferred banking channel. The trend towards online banking isn’t a new one, but it certainly was hastened by the isolation and mandatory quarantines caused by the COVID-19 pandemic. With the move to digital banking, Canadians have more online banking options than ever.
To help you sort through all the options, I’ve created a list of what I believe are the best online banks in Canada. My primary focus is on the online-only banks and the fintech companies, but I’ve included the Big Five banks and leading credit unions from several provinces.
I’ve divided the list by institution type. I started with the online-only banks, then lumped the credit unions into their own group and the big banks into another.
Note: The interest rates and welcome offers posted throughout the article were accurate when writing and are subject to change at any time…
To help you sort through all the options, I’ve created a list of what I believe are the best online banks in Canada. My primary focus is on the online-only banks and the fintech companies, but I’ve included the Big Five banks and leading credit unions from several provinces.
I’ve divided the list by institution type. I started with the online-only banks, then lumped the credit unions into their own group and the big banks into another.
Note: The interest rates and welcome offers posted throughout the article were accurate when writing and are subject to change at any time…
