All about Canadian Savings. Learn the ins and outs and get the latest news.
Latest News
Should you take extra RRIF withdrawals to increase your estate? + MORE Nov 26th
Ask MoneySense
I have a RRIF that is worth approximately $250,000 at the moment. My two children are the beneficiaries. Obviously, I am hoping to somehow reduce any tax on this RRIF income when I die. Is my taking more out of the RRIF and paying the tax each year the best way to do this? Do you have.... More »
How to hang out with friends when you can’t afford to go out + MORE Oct 8th
Hayley Reid-Ginis knew her life was in for a shakeup when she decided to go back to college last September. She took on a student loan and had to cut some discretionary spending from her tightened budget—and even though she decided to continue working while going to school, it ultimately meant few.... More »
How much cash should you keep in your portfolio? + MORE Jun 24th
Cash is rarely going to remain steady within your accounts, but you may want to have a target for it, just the same as you would for stocks and bonds. How much depends on several factors and can be a percentage or a dollar amount.
Accumulating
If you are in the accumulation phase, new deposits.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Dec 10th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
CPP payment dates this year, and more to know about the Canada Pension Plan + MORE Aug 6th
In Canada, no retirement plan is complete without considering the CPP. Whether you’re approaching retirement or still several years away from it, the Canada Pension Plan will likely play a role in your retirement income. How big a role depends on several factors. You may have other questions, too..... More »
The odds of a June interest rate cut from the Bank of Canada (BoC) appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month. The jobs gain far surpassed forecasters’ expectations and marked the largest employment increase in more than a year.
Featured accounts
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Savings account
Earn up to 4% interest on your savings. Plus, use the pre-paid card for everyday purchases and free ATM withdrawls.
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Online brokerage
Low-fee stock and ETF trading, with access to stock analysis tools and real-time data.
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GIC
Lock in your deposit for one year and earn a guaranteed interest rate of 5…
