How to go about securing the best savings strategy in Canada.
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How to consolidate your registered accounts for retirement income in Canada + MORE Oct 1st
Ask MoneySense
My wife has an RRSP in her name and a spousal RRSP in her name, plus a small LIRA. She will be turning 71 next year.
My question is: Can she open a RRIF account and contribute both of her RRSPs plus the LIRA amount into one single RRIF account without incurring any taxable conseque.... More »
It’s possible to be a first-time home buyer twice—here’s how + MORE Jul 9th
Can you do something and then later do it again for the first time? You can if that “first time” involves buying a home.
There are a few supports and programs in place for first-time buyers in Canada, including the Home Buyers’ Plan and the first home savings account (FHSA). First-time home.... 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 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 »
The best high-interest savings accounts in Canada for 2024 Sep 17th
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 »
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.
