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 5-year fixed mortgage rates in Canada + MORE Jan 7th
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance .... More »
Mortgage broker vs. bank—which will save you more money? + MORE Jun 1st
Choosing a mortgage broker or a bank for your home loan will likely influence which mortgage you end up with. On top of that, there are pluses and minuses to both, as we detail in the table below. Before we dive into which may best suit your financial situation, let’s look at the differences betwe.... More »
'All Eyes on TD,' US Probes as Canadian Bank Earnings Begin - Yahoo Finance + MORE May 22nd
'All Eyes on TD,' US Probes as Canadian Bank Earnings Begin Yahoo FinanceCanada’s Big 6 banks expected to report softer Q2 earnings Toronto StarTD Bank U.S. money laundering probes are focal point of bank earnings Financial PostBank Q2 results coming amid credit co.... More »
Canada’s best credit cards for grocery purchases 2022 Nov 17th
Everybody needs to put food on the table, so you might as well earn rewards while doing so. Considering that in 2022 the price of food in Canada has risen at the fastest pace in decades, with the annual rate of food inflation sitting above 10% in recent months, there’s no better time to earn usefu.... More »
HISAs vs. bonds and GICs: Where should Canadians hold their cash? Apr 2nd
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
What to look for in a kids’ bank account
– moneysense.ca
When your child is ready to graduate from piggy bank to real bank, you’ll want to look for an account that doesn’t eat into those initial deposits of loonies, toonies and birthday money with a bunch of bewildering fees. There are many options for your young saver that allow them to watch their money grow, without charging an arm and a leg for each withdrawal, deposit and e-transfer.
“Many of the banks in this country have accounts for your kid’s first savings account—and they’ll have great features such as no monthly fees, and unlimited free transactions,” says Melissa Leong, author of the award-winning finance guide Happy Go Money and a mother of two. This is important because you don’t want your child’s first money lessons to include a lecture about minimizing unnecessary charges, Leong says.
Although our children will definitely bank digitally and go cashless more than previous generations, she believes there is still great value in taking your kids into an actual bank…
“Many of the banks in this country have accounts for your kid’s first savings account—and they’ll have great features such as no monthly fees, and unlimited free transactions,” says Melissa Leong, author of the award-winning finance guide Happy Go Money and a mother of two. This is important because you don’t want your child’s first money lessons to include a lecture about minimizing unnecessary charges, Leong says.
Although our children will definitely bank digitally and go cashless more than previous generations, she believes there is still great value in taking your kids into an actual bank…
