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.
Latest News
The Best High-Interest Savings Accounts in Canada Mar 11th
In recent years, Canadian banks and credit unions have introduced savings accounts that offer higher rates of interest, in an effort to entice clients to deposit more funds with their respective institutions.
These high-interest savings accounts come with a number of features and benefits, such as b.... More »
The best GIC rates in Canada for 2026 Feb 4th
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 »
Streetwise newsletter: CIBC mulls offering Caribbean subsidiary; MTY strikes $248-million deal for Imvescor + MORE Dec 12th
Plus: New wealth management firm sets sights on Canada's big banks
.... More »
3 Ways to Beat Blue Monday Debt + MORE Jan 21st
Feeling a little, well, blah these days? You’re not alone; mid-January is proven to be the most depressing time of year. Known as Blue Monday, Canadians are most likely to feel down in the dumps between the 18th to the 25th, thanks to a mix of fading holiday cheer, weak sunshine, failed resolutio.... More »
Federal Reserve Bank in downtown Richmond marks 100th anniversary + MORE Nov 15th
RICHMOND, Va. – The Federal Reserve Bank of Richmond is marking its 100th anniversary.
Officials say the Richmond Fed opened on Nov. 16, 1914, in downtown Richmond with 16 employees. It was one of 12 reserve banks that opened in regions across the country.
The Richmond Fed serves the Fifth Fed.... More »
What is the Volcker Rule?
– ratesupermarket.ca
This April, the U.S. financial sector will be subjected to an extensive set of new regulations that will aim to avoid a major economic meltdown like the world witnessed in 2008. Called the Volcker Rule, it is the centerpiece of the larger Dodd-Frank financial reform law.
All of these new rules and reforms hope to make the financial industry more transparent and take away U.S. banks’ ability to participate in high-risk investments. The rule aims to separate the activity of banks and hedge funds, a line that had become blurred during the run up to the financial crisis. Here’s what the rule means going forward.
What Is The Dodd- Frank Financial Reform?
As mentioned, the Volcker Rule is part of a larger Act called, Dodd-Frank Wall Street Reform and Consumer Protection Act. It’s a long title but simply put, it lays out changes that the U.S. government felt were necessary after the 2008 financial crisis brought the global economy to a standstill. The major reason for the crisis was a dramatic slide in home prices across the U…
What is the Volcker Rule?
– ratesupermarket.ca
This April, the U.S. financial sector will be subjected to an extensive set of new regulations that will aim to avoid a major economic meltdown like the world witnessed in 2008. Called the Volcker Rule, it is the centerpiece of the larger Dodd-Frank financial reform law.
All of these new rules and reforms hope to make the financial industry more transparent and take away U.S. banks’ ability to participate in high-risk investments. The rule aims to separate the activity of banks and hedge funds, a line that had become blurred during the run up to the financial crisis. Here’s what the rule means going forward.
What Is The Dodd- Frank Financial Reform?
As mentioned, the Volcker Rule is part of a larger Act called, Dodd-Frank Wall Street Reform and Consumer Protection Act. It’s a long title but simply put, it lays out changes that the U.S. government felt were necessary after the 2008 financial crisis brought the global economy to a standstill. The major reason for the crisis was a dramatic slide in home prices across the U…
