There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
Latest News
Drivers can pocket their savings by allowing their insurer to come along for the ride + MORE Jun 21st
Driver monitoring programs are generally delivered in two ways, by a smartphone app that “sleeps” until it senses driving has started, or by a telematics device plugged into the car’s diagnostic port..... More »
Can You—And Should You—Co-sign on a Mortgage? + MORE Mar 28th
As average home prices in Canada top $500,000 (and rise above $1 million in cities like Toronto and Vancouver), some Canadians may wonder if they’ll ever be able to buy the place of their dreams. One option for some is to find another person—a parent, sibling or another close relative—to .... More »
Payments for the Canada Workers Benefit arriving sooner—find out why + MORE Jul 31st
If you receive the Canada Workers Benefit (CWB), you’ll notice a change to this federal tax credit as of this week, namely that you’ll get the money sooner. In the past, CWB recipients claimed the benefit for a certain year when filing their income tax return—for example, claiming the CWB for .... More »
A Fresh Financial Start + MORE Apr 28th
It’s been a week of change for your finances, from new savings options announced in the government’s budget to a wave of price reductions for auto insurance customers. Will your piggy bank come out on top? Read on to see how these updates will affect your bottom line.
INFOGRAPHIC: The Perfect P.... More »
Canada’s best credit cards for people with bad credit 2022 + MORE Apr 24th
Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. However, if you want to improve your credit score, you’ll have to prove you can handle credit responsibly—and one way to do that is (you guessed it) to have a credit card. When used respon.... More »
Rake In The Savings!
– ratesupermarket.ca
In the blink of an eye, October has arrived – and with it, the start of holiday spending season. But before shelling out for a turkey and prepping for winter presents, why not take the time to get set up for savings?
Today’s mega low interest rates may take a bite out of the most diligent saver’s returns, but some banks have amped up their accounts. Read on for our tips!
INFOGRAPHIC: 3 Easy Steps to Save Over $100,000 on Your Mortgage
Your mortgage is likely the largest financial commitment you’ll ever make… but that doesn’t mean you have to pay more than you need to. By making a few tweaks to your payment schedule, you can effectively shave thousands off your total mortgage costs.
Want to know how? Check out our infographic!
Read Penelope’s Blog | 3 Easy Steps to Save Over $100,000 on Your Mortgage
Credit Card Review: SimplyCash Card from American Express
American Express has introduced a competitive new player to the cash back rewards market with their SimplyCash Card…
Prep Your Savings for Higher Interest Rates
– ratesupermarket.ca
Borrowing interest rates have been historically cheap for a few years now (since the Bank of Canada slashed the central rate back in post-recession 2010). And as soon as they dropped, a variety of pundits began predicting the calamity that will ensue for borrowers once they begin to inevitably rise. While none of these predictions have yet to come true, the further we recover from the 2007 global financial crisis, the sooner rates will rise.
A recent flurry of positive economic development in the U.S. has breathed new life into the speculation; QE there will end this month, and new rate projections have been released that have raised economists’ eyebrows. The median projection for U.S. rates for the end of 2014 is an increase of 1.375 per cent, and up to 2.875 per cent by the end of 2016 – a big jump from the current 0.25 per cent. And, since the Bank of Canada generally follows the lead of our American neighbours, we too could be in for some higher borrowing costs sooner than anticipated…
