Banking
Best GIC Rates in Canada for 2023
The best GIC rates offer a safe, secure way to grow your money over a set term.
Siddhi Bagwe
Barry Choi
Best Short-Term GIC Rates in Canada for November 2023
Use a short-term GIC to earn interest on your savings and keep a strategic distance between yourself and that hard-earned cash.
Clay Jarvis
Best EQ Bank GIC Rates
EQ Bank’s GICs are no-frills, fee-free investment options with a high interest rate and an ultra-low minimum deposit.
Athena Cocoves
Best Chequing Account Offers and Promotions in Canada for 2023
Chequing account offers include cash rewards, gift cards, waived fees, merchandise and more. You may need to complete qualifying activities to get the offer.
Shannon Terrell
Best Chequing Accounts in Canada for 2023
Choose the best chequing account for your everyday banking needs by comparing the fees, features and conveniences.
Best No-fee Chequing Accounts in Canada
Canada’s best no-fee bank accounts are free bank accounts that can help you save money, earn rewards and manage your day-to-day expenses.
BMO Performance Chequing Account
Earn up to a $450* welcome bonus when you open a new BMO Chequing account and a 5.25% promo interest rate when you add a Savings Amplifier account*.
Best GIC rates from leading banks
NerdWallet Banking Reviews
Compare the pros, cons and perks of Canadian financial institutions.
What is a Chequing Account? How Do I Use One?
A chequing account is a bank account for everyday expenses. You can have your paycheque deposited directly into it and use it to pay bills, make purchases and withdraw cash.
Hannah Logan
What Is a Savings Account? How Does It Work?
A savings account is a safe place to store cash and earn interest. Savings accounts work very similarly to chequing accounts.
A Guide to Common Canadian Bank Fees and Charges
Common things that banks charge fees for include transaction fees, insufficient funds and overdrafts, wire payments, and out-of-network ATM use.
Aaron Broverman
How to Open a Bank Account
Opening a bank account is easy and fast. Make sure you have two forms of identification ready. Once your account is open, you will receive a debit card and can start using it right away.
How to Write a Cheque in Canada
Know how to write a cheque by following this five-step method so you can accurately make payments and deposits across Canada.
How Direct Deposit Works and How to Set It Up in Canada
Setting up direct deposit is usually fairly simple. First, you need a direct deposit form. Fill out your account info, attach a void cheque or deposit slip, and then submit it to your manager or payroll department.
How to Get a Loan From the Bank
To borrow money from the bank, you’ll have to satisfy the qualification requirements of the loan you want, such as age, debt-to-income ratio and credit score.
How Does CDIC Deposit Insurance Protect Your Money?
The Canada Deposit Insurance Corporation (CDIC) may protect your money in the unlikely event that your financial institution fails. The CDIC will cover up to $100,000 per eligible account, per member bank.
What Is Compound Interest?
Compound interest makes your money grow. It is the interest earned on money that has already earned interest.
What Is A Non-Sufficient Funds (NSF) Fee?
An NSF fee can cost nearly $50, but the expense isn’t the only serious consequence — overdrawing your account can also hurt your credit score.
Helen Burnett-Nichols
Sandra MacGregor
Nora Dunn