Personal Savings getting you down? There are always smart ways to increase your savings.
Latest News
Canada has new rules for high-interest loans—here they are + MORE Jan 7th
As of January 1, 2025, Canada’s criminal interest rate officially reduced to 35% annual percentage rate (APR), and payday loan costs are now capped at $14 per $100 borrowed. On the surface, these changes are meant to make borrowing more affordable. However, they could have unintended consequences..... More »
How has inflation affected Canadians’ finances in recent years? + MORE Oct 15th
Inflation and higher interest rates have eroded Canadians’ purchasing power since 2022, particularly for lower-income households, a new report from the parliamentary budget officer has found.
But wealthier households have seen their purchasing power rise thanks in big part to their i.... More »
Summer energy savings: How to stay cool without cranking the AC Jul 23rd
When the mercury begins to rise, Jeffrey Siegel sinks into a routine. Windows facing the east are covered in the morning before those in the west are shrouded in the afternoon, his fan gets switched on, more of his cooking moves to the barbecue, and a clothesline is brought out whenever there is la.... More »
Here’s how to take advantage of the housing market chill as a first-time millennial buyer + MORE May 29th
Calculate how much a down payment will be, then set up a savings schedule that is co-ordinated with your paydays.... More »
How to deal with holiday credit card debt + MORE Jan 4th
The flurry of gift-shopping and overspending is finally over, leaving plenty of people with the dreaded holiday hangover.
Just a couple weeks ago, a CIBC poll showed that Canadians were planning to spend nearly $600 for this season’s holiday shopping. While that figure .... More »
Home Trust Introduces New Savings and GIC Brand Oaken Financial
– ratesupermarket.ca
Security and trust – these are two important qualities sought by savers and investors, and the ideal invoked by new brand Oaken, a direct-to-consumer brand recently unveiled by Home Trust.
Like the stately oak tree, the independent trust company, which has provided savings options to Canadians for over 25 years, is now offering well-rooted and guaranteed options for savers and investors under the new Oaken Financial brand.
Savings and investments with Oaken are fully eligible for CDIC-coverage up to applicable limits and are guaranteed by Home Trust. The new brand was introduced on November 29 with the fitting tagline “Plant for your future”. In addition, the new Oaken Savings account was also launched with an interest rate of 1.65 per cent.
“The introduction of Oaken is part of Home Trust’s efforts to provide customers with a secure alternative to managing their savings independently,” said Martin Reid, President of Home Trust. “We want to offer our customers choice, respect and simplicity…
Sun, Surf And Savings!
– ratesupermarket.ca
The holidays are coming up quick – and if you’re looking to trade frigid temps for fun in the sun, you’re far from alone. But booking travel during the Great Canadian Winter can mean even frostier prices.
Take that well-deserved vacay, and save a bundle too, with our best discount travel booking tips.
All Inclusive Vacations Can Be More Expensive Than You Think
Ready to trade slush and snow for a margarita by the pool? Package deals offer great savings – but not all are created equal.
Sometimes, booking all-inclusive can be misleading. Here’s what you need to know to avoid disappointment on your vacation.
Read Allan’s Blog | All Inclusive Vacations Can Be More Expensive
4 Secrets For Super Cheap Last Minute Vacations
Time is of the essence when it comes to steep travel discounts – sometimes the sweetest deals can be had from packing a bag and heading to the airport for whatever’s up for grabs.
Here are our top last minute travel tips to help you save money – and still vacation safely…
9 Ways To Lower Your Winter Hydro Rates
– ratesupermarket.ca
Oh the weather outside is frightful and, well, hydro bills are far from delightful.
Especially when coupled with Ontario Hydro’s latest set of rate increases instituted in November, which promise to add about $4 to the average monthly hydro bill.
Sure, cutting back on your energy expenses can be as simple as flicking off the lights or snapping up a few energy efficient bulbs – but there’s more to it, if you want to see real savings.
Toon Dreessen of the Ontario Association of Architects offers up a few tips ranging from proactive to pragmatic to help keep the chill out, and your hydro bill down.
Search For Heat Holes
First order of business – find out where the heat is escaping. “Walk around with a smoke pencil or a candle, watch the flame and hold it near doors and windows to see if there is a draft by watching when the flame flickers,” suggests Dreessen.
Homeowners can also trouble shoot by checking and replacing their furnace filters, and replacing weather stripping – such measures may fix the issue…
