Saving
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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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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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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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 2.25%. This is one of…
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Should you get an RRSP loan? That’s a question that I’ve been getting a lot as of late. At first, I was like this is a very specific question for new investors to be asking, then I realized that banks advertise RRSP loans all over the place. They make it sound like it’s an excellent…
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Creating a budget is a smart financial decision since it can help you track your spending and help you save. But, as helpful as this can, creating a budget can be painful. At least if you do it traditionally with spreadsheets or pen and paper. However, thanks to technology today there are many easier ways…
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In the market for a budgeting app that will help you save money? Mylo may be just what you’re looking for. This app helps you save money on a regular basis without having to change your spending habits. Not only does it help save your money, but Mylo also invests it to keep your money…
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How would you like to make money for free? Silly question, isn’t it? Of course you would, and you can easily with a high interest savings account. A high interest savings account (HISA) is something that every Canadian should have, yet there are still many that don’t. Chances are, that’s just because they don’t know…
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Price is often top of mind when buying insurance since it can be a huge expense for many people. However, many people hate paying for something they’ll hopefully never have to use. Plus, in certain cases (like car insurance), you’re legally required to have it. So, how can you get the coverage you need at…
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PC Optimum Points is one of the most popular loyalty programs in Canada. It’s probably the #1 retail loyalty program in the country and you should definitely join it if you’re not already a member. In case you didn’t know, PC Optimum is the merged program of Optimum and PC Plus. This merger took place…
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