Best RRSP Savings Account in Canada and Different options available.
RRSPs Can be of Different Categories – Individual RRSP
You'll register the Individual RRSP only in ...
Compare & Find the Right Savings Account.
The Best Savings Accounts in Canada
We have compiled an extensive list of the top savings accounts in Canada. Below you can sort savings account based on your saving style financial institution and a lot more!
Best Savings Accounts in Canada
Savings Account Canada is simply a deposit account issued by a financial institution which pays you interest on deposits, also called the principal. The accounts usually include a limited number of transactions and may also feature high transaction charges than the chequing accounts. Some accounts by certain banks may require minimum deposits for you to set up a savings account with them.
Best for Earning High-Interest
|
Specification: Tangerine Savings Account
|
|
High Interest & Flexible Terms
|
Specification: EQ Bank Savings Plus Account
|
|
Best Children Savings Account
|
Specification: Scotiabank Youth Savings Account
|
|
Types of RRSP Savings Account in Canada
Individual RRSP
You can register the Individual RRSP only in your name. Any tax benefits that you ...
EQ Bank Savings Plus Account Review
Equitable Bank has been in business for over four decades. With its credibility, it has leverage as ...
A Guide for picking a right savings account for your child
A Children’s Account is an excellent way to prepare for your child’s future,
what are the ...
What Investments Can I Hold in a TFSA?
In Canada, you can hold several different types of investments in your tax-free savings account ...
Save Money For a Wedding Using a TFSA
Can you save money for your wedding using a TFSA?
The modern practice of long engagements could ...
Benefits of a Tax-Free Savings Account (TFSA)
Ever since the introduction of Tax-Free Savings Account by the Canadian government, the industry ...
TD Canada Trust – New Offers on Savings Accounts
Whether you are putting money aside for retirement or for a special project like a new car, that ...
Compare Savings Accounts
A savings account can be opened from banks, credit unions, and trust companies. When choosing a financial institution to open the account with, it’s prudent to first shop around and make comparisons on their interest rates, interest calculation approach, service fees, access, taxes, and protection.
Best High-Interest Savings Account Canada
Interest rates offered by different institutions vary with some having a great marginal difference. For instance, the highest interest rate on a savings account is 2.5% offered by President’s Choice Financial while the lowest is 0.02% offering from National Bank of Canada. Some offerings by certain institutions are good but last only for a while.
DUCA Financial Services, for instance, offers 2.55% at the start, but after 90 days the rate is slashed to 1.5%. This is still much better compared to the rates from institutions such as National Bank of Canada. It’s important to note that these figures are also subject to change from time to time.
