This millennial has $100,000 in savings and wants to leave Toronto to buy a cheaper house. With help from parents, is it possible? + MORE Jun 12th

While your physical chequebook may considered be a relic of the past, a chequing account is still a necessity to carry out day-to-day banking—even in 2022. Your chequing account, or even a hybrid chequing/savings account, is designed to handle tasks like ATM transactions, paying bills, point-of-purchase sales, transferring money and can even earn you some cool rewards. So, with necessity in mind, we’ve outlined the features of some standout accounts to help you find the best chequing account for you.
These are current accounts offered by Ratehub partners. You can find information about additional product options and MoneySense editor’s picks further below.

Summary of the best chequing accounts in Canada for 2022

Best no-fee: Simplii Chequing Account; Tangerine No-Fee Daily Chequing
Best student account: Scotiabank Student Banking Advantage Plan*
Best basic accounts from a big bank: Scotia Basic Banking Account*, RBC Day to Day Bank Account
Best premium bank account for bundling: Scotiabank Ultimate Package*
Best rewards account: PC Money Account
Best online-only accounts: Motive Chequing Account, motusbank No-Fee Chequing Account

If you’d like more information about the features offered by each of these accounts—from great interest rates, to no fees, to the ability to earn rewards—check out the table below, or jump ahead to the detailed profiles below…

Like other cryptocurrencies, ADA, the native coin of the Cardano blockchain, has been in a bear market since October 2021—meaning a recent pattern of price declines. Despite this downturn in crypto prices, Cardano seems to be a strong player among the public blockchains that offer smart contract functionality. (Smart contracts are automated digital agreements, written in code, for transactions between different parties.)

Because of a dedicated community of developers and supporters, ADA is regularly among the top 10 cryptocurrencies by market capitalization; as of June 2022, it’s the sixth-largest cryptocurrency, or the fourth-largest if you exclude stablecoins (cryptocurrencies whose value is pegged to the U.S. dollar).

Investors who hold this crypto coin have another route to potential gains: staking their ADA, which earns an estimated 4% to 6% annual percentage yield (APY) as a reward. It’s like putting money in a high-interest savings account and earning interest—except that staking rewards are not guaranteed, not paid in dollars and not protected by the Canada Deposit Insurance Corporation (CDIC)…

Some savings accounts are paying as much as 2.4%. Here are the best non-promotional savings accounts rates we could find right now.

“After looking at all these properties, my boyfriend and I realize that we have to be realistic and find a place further out,” Vanessa said.

“After looking at all these properties, my boyfriend and I realize that we have to be realistic and find a place further out,” Vanessa said.