by Enoch Omololu, MSc (Econ)
EQ Bank and Tangerine are two of the most popular online-only banks in Canada. More Canadians are choosing to go digital with their banking, with recent stats showing that more …
by Enoch Omololu, MSc (Econ)
motusbank is a digital (online-only) bank in Canada offering its customers zero-fee chequing accounts that earn interest, high-interest savings accounts, and competitive personal loans and mortgage rates. Launched in 2019 …
by Enoch Omololu, MSc (Econ)
It has been a while since a high-interest savings account (HISA) paid a decent interest rate on your money in Canada. For example, CIBC’s high-interest savings account, the CIBC eAdvantage …
by Enoch Omololu, MSc (Econ)
If you are looking for the best high-interest savings accounts in Canada, you will be sorely disappointed by the rate on RBC’s High-Interest eSavings account. At a 1.70% annual interest …
by Enoch Omololu, MSc (Econ)
Scotiabank’s high interest savings account, MomentumPLUS Savings Account, offers a competitive rate when you pair it with one of their premium chequing accounts. Compared to similar savings accounts by RBC …
by Enoch Omololu, MSc (Econ)
BMO’s high-interest savings rate is one of the most competitive among Canadian big banks. That said, you won’t earn much on your deposit, and after accounting for inflation, chances are …
by Enoch Omololu, MSc (Econ)
Scotiabank is a member of the five big bank group that dominates the industry in Canada. Like its peers, Scotiabank offers a suite of savings products, including high-interest savings accounts, …
by Enoch Omololu, MSc (Econ)
High-interest savings accounts (HISA) are not a big bank’s most popular product, and this is because the rates on offer are rarely “high,” nor are they competitive. It’s no secret …
by Enoch Omololu, MSc (Econ)
Finding a high-interest savings rate that beats inflation and truly increases the ‘value’ of your savings is a tricky business these days. The offerings by the Big 5 banks are …
by Enoch Omololu, MSc (Econ)
A high-interest savings account (HISA) allows you to grow your money and reach your financial goals faster. That said, the interest rates offered by big banks are often not as …
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