Banking
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 like setting your money on fire with fees. KOHO is a Canadian fintech company on […]
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 striking a balance between returns and accessibility with fintechs like KOHO. Whether you’re a seasoned […]
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 CIBC. From no minimum or maximum deposit to no additional account fees, we have gathered […]
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 the EQ Bank Personal Account and here’s everything you need to know about it. How […]
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 […]
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 […]
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 […]
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 […]
Vous rêvez de voir fructifier l’argent de votre compte d’épargne grâce à un rendement plus élevé? Un compte d’épargne à intérêts élevés est la solution! Les banques canadiennes ainsi que diverses institutions financières vous écoutent! Elles mettent à votre disposition un éventail complet de comptes d’épargne à intérêts élevés. Les choix sont partout au Canada. […]
