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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. His writing has been featured or quoted in the Toronto Star, The Globe and Mail, MSN Money, Financial Post, Winnipeg Free Press, CPA Canada, Credit Canada, Wealthsimple, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

3 thoughts on “A Guide To Canada’s Best Banks in 2021”

  1. Hi Enoch,
    Very comprehensive piece, thank you. What would be some options for keeping US cash that would be needed in a 4-5 year period?
    Thanks

    Reply
    • @Charlie: The options for a short timeframe are very limited. You could try a USD savings account or GIC.

      Examples of USD savings for business are in the link below:

      https://www.savvynewcanadians.com/best-us-dollar-business-savings-account-canada/

      For personal USD savings, the banks on the list also have decent personal USD rates. Some of the accounts are a pain to open though. For example, it took me more than 6 months to open a Tangerine USD account for business…it should be easier for a personal account.

      There are also some Cash ETFs, however, I’m not familiar with any that is denominated in USD.

      Reply
  2. We have dealt with BNS for about 30 years and until recently have been happy with the service. In the past two years however we’ve been increasingly disappointed with the financial advice and frequent changeover of advisors. Since covid hit the management and atmosphere there have become disagreeable and we’ve talked about changing banks. What do you suggest?

    Reply
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