How to go about securing the best savings strategy in Canada.
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As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
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Buying life insurance for kids is probably the last thing on your mind when you’re in the throes of diaper changes and round-the-clock feedings. But the early stages of parenthood don’t last forever—and it’s never too early to start planning for your little one’s (or ones’) future.
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Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options C.... More »
“Which reverse mortgage is right for me?” Sep 12th
When Vancouver condo owners Maggie and Rob found out they were on the hook for $400,000 in improvement costs to their building and unit as required by an assessment from their Strata Council, they weren’t sure what to do. (We’ve changed their names and some details to protect their privacy.)
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A guide to the best robo-advisors in Canada for 2022 + MORE Jan 9th
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In Your Corner: Interest rates are near an all-time low — where can you get the best return on your savings?
– thestar.com
These are the best high-interest (well, relatively high) savings accounts out there right now.
Currently, Jenny is renting a spot with three roommates for $1,085. She’s using her savings from high school when she worked as a barista part-time for now, but knows that if she doesn’t pick up something soon she’ll be dipping into negatives.
EQ Bank review 2021
– moneysense.ca
Online-only banks are increasingly popular due to their competitive, no-fee accounts, in concert with the increasing switch to digital spurred by COVID-19. With some of the most competitive savings and GIC accounts in the country, EQ Bank is helping lead the charge.
As an online-only financial institution, EQ Bank can offer more competitive accounts because it doesn’t have the cost of managing brick-and-mortar branches. They can pass the savings to you in the form of higher interest rates and no-fee everyday service fees.
EQ Bank accounts: overview
As an online-only financial institution, EQ Bank can offer more competitive accounts because it doesn’t have the cost of managing brick-and-mortar branches. They can pass the savings to you in the form of higher interest rates and no-fee everyday service fees.
EQ Bank accounts: overview
Account type
Interest rate
Perks
High-interest account
Get this rate*
1.25%
No minimum balance
Free withdrawals
Free e-transfers
Joint accounts
Cheap international money transfers
TFSA account
Get this rate*
2.30%
No minimum balance
Free withdrawals
Tax-free savings
RSP Savings Account
Get this rate*
2.30%
No minimum balance
Tax-deferred savings
EQ GICs
View all rates*
1.25% – 2.25%
3-month to 10-year GICs
Get more information about EQ Bank*
7 quick facts about EQ Bank
EQ Bank is owned by Equitable Bank, the ninth-largest domestic bank in Canada, and has over $35 billion in assets under management…
Currently, Jenny is renting a spot with three roommates for $1,085. She’s using her savings from high school when she worked as a barista part-time for now, but knows that if she doesn’t pick up something soon she’ll be dipping into negatives.
In Your Corner: Interest rates are near an all-time low — where can you get the best return on your savings?
– thestar.com
These are the best high-interest (well, relatively high) savings accounts out there right now.