Best Kids Bank Accounts: How to Help Your Child Start Saving Today + MORE Nov 8th

 There has been a barrier to the highest welcome bonus for non-American Express Cash Back cards of 10% cash back on up to $2,000 of spending ($200 cash back) for sometime now. This is a bonus we have seen from the big 5 banks and some smaller issuers for several years now and no one other than Amex has gone beyond that $200 award. Well, that barrier was broken today with CIBC bumping up that spend limit to $2,500 over the first four statement periods. This means that 10% welcome bonus can net you up to $250 cash back! The offer doesn’t end there however as new cardholders will also get their first year annual fee rebated which means you can try this card out at no cost to you other than your actual credit card spending. Once you have hit that $2,500 in spending or have had the card for four statement periods your cash back earning will revert to the standard rates as follows:· 4% cash back on eligible gas and grocery purchases· 2% cash back on eligible transportation, dining purchases and recurring payments· 1% cash back on all other purchasesThe accelerated earn rates of 4% and 2% are awarded on the first $20,000 spent in those categories or when you reach $80,000 in total purchases in your account, whichever comes first…

One of the best ways to set your child up for financial success early on is by opening them a youth bank account. With their account, you can begin to teach them important personal finance lessons, such as careful budgeting, smart saving, and mindful spending.
You may think that all youth savings accounts are the same, but you’d be surprised to know that the features vary between the different banks and credit unions. To help you find the right account to help your child save money, I’ve created the following guide to Canada’s best kids’ bank accounts. Before we dive into the list, here are some things to consider when choosing a children’s savings account.
What to Look for In a Youth Bank Account
While most youth bank accounts in Canada offer free banking, some accounts offer more interest than others, not to mention other unique perks. For example, two banks on this list are currently offering kids a $25 bonus just for signing up. And Scotiabank lets kids 14 and over earn rewards when they spend…

 The results of Canada’s Choice 2021 were revealed last month covering 10 categories of credit cards and loyalty with some surprising and not so surprising results. The fifth and final card we look is the card that took the top spot in the Ultra Premium Card category and that’s The Platinum Card®  from American Express.  Other posts in this series:A closer look at the credit card that Canada voted as the number one overall travel rewards card in CanadaA closer look at the credit card that Canada voted as the number one no annual fee travel rewards card in CanadaA closer look at the credit card that Canada voted as the number one No Foreign Transaction Fee card  A closer look at the credit card that Canada voted as the number one Cash Back card  Much like the overall category, airline category and several others Canada’s thoughts and our own research and opinion here at Rewards Canada are on the same trajectory for the Ultra Premium Card. Canada ranked the Platinum Card  as the number one Ultra Premium Card in Canada just like we do in our Top Travel Rewards Credit Card rankings…