Bank accounts

Scotiabank chequing accounts

Scotiabank Chequing Accounts

Scotiabank was founded in 1832 in Halifax, Nova Scotia and has since become the third-largest bank in Canada. It is also a multinational bank with more than 25 million customers worldwide. As such, you can bet that Scotiabank has plenty of products on offer as well including, of course, chequing accounts. A chequing account is…

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Motive Financial Review

Motive Financial is the online banking division of Canadian Western Bank (CWB). Originally, this online platform was called Canadian Direct Financial which was created in 2008, however, in 2017 the company rebranded and Motive Financial was born. Due to the fact that Motive Financial is an online bank only, they are able to offer various…

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The Best High-Interest Savings Accounts in Canada

**This post contains affiliate links With Canada having some of its lowest interest rates in the last decade the thought of a high-interest savings accounts in Canada may seem absurd. To complicate things, there are so many different banks in Canada and they all have various accounts that come with different features. If you’re not…

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Motusbank review

Motusbank Review

motusbank is here! The first thing you need to know is that motusbank is a Canadian digital bank which is a subsidiary of Meridian. In case you’re not familiar, they’re one of the most popular credit unions in Ontario and Canada. For years, Meridian has been offering some amazing products including one of the best…

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Tangerine Bank Review

Formerly known as ING Direct, Tangerine Bank has been in Canada for more than two decades. They were one of the first digital banks in the country and is one of the most recognized brands out there. The advantage of being one of the first players out there is that they know what their customers…

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EQ Bank Review

EQ Bank Review 2020 | Get 2% interest

If you’re looking for a Canadian bank that offers a good interest rate, then you need to check out EQ Bank who’s one of the most popular digital banks in Canada Right now, their interest rate is a respectable 2.00% interest* rate on their EQ Bank Savings Plus Account and easily makes it one of…

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What is a Credit Union?

Have you ever drive around your neighbourhood or city and noticed things called credit unions? If you answered yes, the odds are you’ve likely asked yourself what is a credit union? Credit unions are similar to banks and other financial institutions, but what makes them different is that they use a cooperative model where their…

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Compound Interest Definition and Explanation

Compound Interest Definition and Explanation

Compound interest is a common term you hear when it comes to investing. But, what exactly is compound interest, how does it work, and how can you best take advantage of it? I’m sharing what you need to know in this compound interest explanation. Compound interest definition So, what is compound interest? Compound interest is…

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LBC Digital Review

The best high interest savings accounts in Canada just got a new player as Laurentian Bank has just launched LBC Digital, an online bank that helps Canadians improve their financial health. Like many other digital banks, you’ll pay no fees and get a high interest rate which is currently at 2.05%. This is one of…

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CDIC Changes Coming

**This is a sponsored post written by me on behalf of Canada Deposit Insurance Corporation. All opinions are my own. The Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation that was created in 1967 to provide deposit insurance for Canadians. Although a Canadian bank hasn’t failed since 1996, many Canadians are still worried…

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