Savings accounts

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 […]

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 […]

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 […]

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 […]

Joint bank accounts can be a helpful tool for you and your partner as you navigate the financial side of life. With so many different financial institutions in Canada, you might find it difficult to choose the right joint bank account. Well, we’re here to help! 1. EQ Bank Joint Account – Best for roommates […]

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 […]

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 […]

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 […]

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. […]