High-interest savings accounts

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 entities? With both sporting the same bright yellow emblem, it’s no wonder you’re confused. EQ […]

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. How can you come out on top in such a context? Simply by finding the […]

When depositing your money into a saving account, why not make your money work for you at a higher rate? Selecting a high-interest savings account is your answer. From the Big 5 Banks in Canada to smaller financial companies, you have a variety of high–interest savings accounts available to you regardless of where you live in […]

In Collaboration with KOHO Were you born after 1979? Congrats, you probably need a side hustle to afford breathing. Meanwhile, Big Banks mooch off our hard-earned cash and give us squat in return. But we’re the ones who slack? Bye Felicia. It’s time to match their energy and turbocharge your side hustle with KOHO! Ditch […]

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 Six without exploring other options is like setting your money on fire with fees. Enter KOHO, a Canadian fintech company on […]

Remember when we thought “banking” meant standing in line at the ATM with a hangover? Well, hold on to your egg McMuffin, because the EQ Bank Savings Plus Account just made managing your money hella easier. This popular digital bank offers free accounts with some of the highest interest rates in Canada, unlimited free daily […]

Anyone who follows finance, and even those who don’t, have probably heard about the March 2023 Silicon Valley Bank (SVB) bank run. The failure of SVB marks the largest U.S. bank failure since 2008. The alarming news has left many of us wondering if our own banking institutions are at risk of a Canadian bank […]

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 to be desired. A high interest savings account (HISA) can help make the most of […]

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 ever applied for a mortgage, line of credit, or another type of loan, you’re exposed […]