How to choose a savings account in Canada
People generally save because they have a project in mind. For various reasons, many will prefer not to invest their money, either because the project will be completed soon, or because they don’t want to take on any risk. A savings account is a simple and secure way to accumulate money to carry out these […]
The Best Bank Accounts for Newcomers to Canada in 2023
It can be difficult for a newcomer to navigate financial services in an entirely new banking system. Not only can the procedures be different, information can also be difficult to find. That’s one of the reasons why we published a guide to personal finance for Canadian immigrants. In this article you will find information about […]
The 30 Best High Interest Savings Accounts in Canada
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 instead. From the Big 5 Banks in Canada to smaller financial companies, you have a variety of high–interest savings accounts available to you. The highest regular interest rate is currently 4.80% […]
The Ultimate Guide to Personal Finance for Canadian Immigrants in 2023
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 it comes to things like choosing a Canadian bank, building up your credit score, and […]
The 10 Best Joint Bank Accounts in Canada For 2023
Joint bank accounts can be a helpful tool for you and your partner as you navigate the financial side of life. Whether you are saving for a trip or paying off your mortgage, combining your savings can help get you organized for some of life’s biggest purchases. The thing about joint bank accounts in Canada […]
Credit Unions vs. Banks in Canada: Which Ones Should You Bank With?
There are more than 40 banks and 210 credit unions and caisses populaires operating in Canada today. While they are both financial institutions providing banking solutions to their customers, however, there are fundamental differences between credit unions and banks. Whether it’s their ownership and governance structures, values, user experience or regulation, the differences and similarities […]
The Ultimate Guide to Credit Unions in Canada
Why does Canada have both credit unions and traditional banks? It’s a good question with a history of protection and inclusion that remains relevant today. In fact, that’s why credit unions in Canada are not only surviving, they are thriving! You see, a country’s financial institutions dictate its economy, and the more significant the monetary […]
How to Be a Side Hustle Superstar – Hack Your Bank!
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 […]
What Are The Advantages Of Opening A Joint Account?
So you’re ready to take your relationship to the next level. But have you thought about how you’ll manage your financial responsibilities as a couple? Whether you’re just moving in together or you’ve been married for ages, a joint account can help you streamline your finances at any stage of the game. So, if you’re […]
EQ Bank Savings Plus Account Review for 2023
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 […]
The 11 most reputable banks in Canada
If you’re considering switching banks or opening a new account, there are several Canadian banks to choose from. One factor that will likely influence your decision, whether you realize it or not, is a bank’s reputation. In this article, we’ll list the 11 most reputable banks in Canada, according to 2023 consumer data from the […]
The Ultimate Guide to CDIC Coverage in Canada
No one is immune to the possibility of a bank or credit union failure, no matter how unlikely it may seem. That’s where Canada Deposit Insurance Corporation (CDIC) comes in because the risk of a bank run is low but never zero. Force majeure or not, the CDIC protects your money by providing deposit insurance […]