High-interest savings accounts

If you want to learn everything there is to know about Canadian high-interest savings accounts, their interest rates, and how you can take advantage of introductory offers, then you’ve come to the right place.

KOHO vs EQ Bank
Banking

KOHO vs EQ Bank: Which One Takes the Crown?

It’s time to compare two of Canada’s leading neobanks - KOHO vs EQ Bank. Loyalty is an excellent quality to have, except when it comes to your cash. Sticking to one of the Big Five without exploring other options is…

Hand holding the KOHO prepaid card next to money and percentage symbols
Banking

How to Earn 5% Interest without Locking Your Money in an Annual Term 

In collaboration with KOHO Embarking on a journey to prosperity often begins with a thoughtful approach to savings. Money never sleeps, but it might make you lose sleep if you aren’t careful. Learn about effective strategies and the importance of…

high interest savings account
Banking

The 20 Best High Interest Savings Accounts in Canada

When depositing your money into a savings account, why not make your money work for you at a higher rate? For example, you could get up to 6% by opening a savings account with Simplii, a digital-only bank operated by…

EQ Bank logo on computer screen
Banking

EQ Bank Personal Account Review

EQ Bank is one of Canada’s best digital-only neobanks. That allows them to cut overhead costs and pass those savings onto us. Are you ready to put your hard-earned bacon to work without breaking a sweat? I signed up for…

Two Canadian dollars held up against a green background, showcasing the currency's design and value.
Banking

The Ultimate Guide to Personal Finance for Canadian Immigrants

We understand that moving to a new country can be pretty stressful, especially when it comes to your finances and figuring out how everything works. This guide should help you get started and aim you in the right direction when…

eq bank vs equitable bank
Banking

EQ Bank vs. Equitable Bank: What's The Difference?

Sick of the Big Six? Then you’ve likely come across EQ Bank on your hunt for fee-less banking and unbeatable interest rates. But wait, isn't there also an Equitable Bank? Are they the same, or are they two entirely different…

Banking

Grow Your Savings Faster With KOHO!

In collaboration with KOHO Canada’s big banks are charging increasingly high interest rates to borrowers, but their savings accounts aren't keeping pace. Your nest egg is likely growing more slowly than inflation. The consequence? A loss of your purchasing power.…

Simplii Financial web-based digital bank
Banking

Simplii High Interest Savings Account Review for 2023

Should you open a Simplii High Interest Savings Account? It’s an unfortunate truth, your money loses value over time; that’s inflation for you. Everyone should have an account for emergencies. Unfortunately, the rates on traditional savings accounts leave a lot…

Conversion rate from Canadian dollar to euro, indicating the current exchange rate between the two currencies
Banking

Canada Prime Rate: What is it and Why Should You Care About It?

The current prime rate in Canada is 6.7%, as of January 2023. Sometimes called the prime lending rate, the prime rate is the annual interest rate financial institutions charge their most creditworthy customers. For clarity, ''prime'' means ''best''. If you’ve…

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