Best Bank Accounts Canada

  • Chequing accounts are basic accounts that allow withdrawals and deposits for daily banking needs. Before opening a bank account in Canada, compare banking fees and service charges to find the best chequing account for you.

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  • Savings Accounts are designed to earn you interest over time, allowing your money to grow steadily. A Savings account helps you set funds aside and bring a sense of security and comfort. Compare the best savings accounts in Canada.

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  • A Tax-Free Savings Account (TFSA) is a special type of registered account that allows Canadians to earn tax-free income from their investments. You don't need to pay taxes for income earned from an investment of up to $5500.

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  • Most Canadian banks offer student accounts specially designed for students. Students are relatively new to banking and can take advantage of no monthly fees, unlimited transactions, etc. and not worry about financial management.

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Bank Accounts

Keep track of your Chequing Account

Why is it Important to keep track of your Chequing Account? Most banks offer the ability to examine your chequing account via a bank statement. Typically, the bank statement will provide you with a few key bits of information. Namely: Location …
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Types of Savings Accounts in Canada

It goes without saying that whenever people think about saving, the first thing that comes into their minds is savings accounts.  After opening a chequing account, a savings account is the next biggest thing that account holders think of. As …
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Benefits of a Senior Account in Canada

What are the benefits of a Senior Account in Canada? With an ageing population, senior accounts are inevitable. In most cases, these accounts are meant for clients aged 60 years and above. However, some banks and financial institutions consider senior …
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Best way to start a Children’s Account

The Best way to start a Children’s Account with competitive interest rates We all want the best for our children. This can explain why once they are born, as parents we want to set aside some funds for their future …
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Benefits of Tax-Free Savings Account

There are several benefits of a Tax-Free Savings Account (TFSA). Ever since the introduction of Tax-Free Saving Account by the Canadian government, the industry has transformed in many ways. The account basically allows Canadians to make after tax contributions without …
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Apply Online for Chequing Account

Apply Online for Chequing Account has become quite convenient. The internet has provided people with opportunities aimed at making their lives better. Today, it is possible to conduct financial transactions online courtesy of the internet. Lending institutions such as banks …
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Why Open a Seniors Account

Canada has one of the most developed economies in the world. Its banking industry has also grown exponentially to accommodate the diverse population of 31.6 million. Senior citizens, the section of the population above 60 years, account for 15% of …
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Benefits of Student Account

What are the benefits of a Student account over a regular account? A student’s pocket is never quite as full as he/she wants.  Certain necessities come up after starting school and also students want to have the same or better …
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Best Children’s Account

Finding the Best Children’s Account A Children’s Account is an excellent way to prepare for your child’s future, but what are the options when it comes to the accounts? What sort of variants should be considered and reviewed before making …
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Unlimited Transaction chequing account

One feature that surely attracts consumers is the unlimited transaction because regardless of the fixed fee, you can make endless transactions with your chequing account. In Canada, on top of the five major providers mentioned above, you can also rely …
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Save money with TFSA

Save money with a TFSA – Tax Free Savings Account If you are a Canadian resident willing to make some tax free investments then Tax Free Savings Account (TFSA) is just for you. It’s a Canadian government initiative started in …
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Advantages of a Student Account in Canada

Most students try to be financially independent at some point, and to become financially self-dependent, a student has to involve in a part time or a full time job along with their studies. It is a challenging task to study …
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How does a Student Account Work?

In today’s world, a bank account is a per-requisite for every individual to carry out a variety of functions. Banks have customized plans and processes for each section of the society. So, How does a Student Account Work?   Student account …
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Senior Account Features

Senior Account Features People from different ages have different types of banking needs. A young student might use a bank account for saving his pocket money and expect no interest on the money he earns. On the other hand, an …
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Senior Bank Account

Senior Bank Account Canadian banking institutions offer a wide range of bank accounts to help consumers manage their money. Specific emphasis and focus has been given to citizens above sixty years old by way of customized senior accounts, benefits, and …
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Student Account Features

Student Account Features If you are a student who is looking to become self-sufficient by making their own decisions, then savings account in Canada is a great way to start. The benefits student account offer to the students would play …
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Chequing Account Fees

Before opening a bank account, it is very important to consider the banking fees and charges as there are many options available to Canadians. Whenever you plan on opening a bank account, start by conducting a research of different banking …
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Open a bank account for your child

Just like parents, children are also susceptible to society’s consumer habits. Starting from an early stage, children tend to develop a liking for the latest electronic gadget and trendy clothes to name the least. If started at such an early …
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Reasons to open a Savings Account

In order to enjoy a healthy financial future, the importance of saving money can never be overemphasized. The fact that life is unpredictable it is very important to prepare yourself for any emergencies. Knowing that you have some cash set …
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Savings with a Children’s Account

Saving for Your Child’s Future with a Children’s Account One of the most daunting and overwhelming aspects of being a parent (among many others) is the financial responsibility.  The task of saving for your child’s future is made easier, however, …
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Savings Account Interest Rates

Savings Account Interest Rates Explained Some people may think that a savings account is only an account separate from chequing account, where additional funds are stored. However, if one fully understands how a savings account works, it is even more …
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types of chequing accounts

Understanding Chequing Accounts

What is Money? Money is a common medium of exchange acceptable universally and involved in day to day life. We spend hours of our time to earn money; we also use it to pay for all our expenses including utility …
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us savings account

U.S. Savings Accounts

Users considering opening a savings account in Canada expect that they will be making purchases, and depositing and withdrawing in Canadian dollars, the local currency. However, if you regularly travel south to the U.S. or would want to add some …
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registered account

Savings Deposits in Registered Accounts

Earn interest on your money while you save. If you have extra money not needed for daily use, you might want to consider opening a savings account. However, if you are planning to save for education or retirement, a registered …
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Interest-earning Chequing Accounts

Interest-earning Chequing Accounts

As the name indicates, this account offers interest to the account holders on their funds. This type of account is mostly common with digital banks that offer no-fee daily chequing accounts. The interest rates can either be tiered rate or …
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chequing accounts

How to Save on Chequing Accounts

According to Statistics Canada, most families pay an average of $227 each year by way of service charges to the financial institutions they use. You could end up paying a couple of dollars here and there of your hard-earned money …
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best savings account

Business Savings Accounts

It goes without saying that the existence of savings accounts initially focused around the individual person due to a surplus in cash for future expenses. However, it is often oblivious to the layperson that businesses also do have savings. Naturally, …
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high interest savings account

Best High Interest Savings Accounts

If you’re looking to get maximum interest on your hard earned savings, a high interest savings accounts is exactly what you need. These type of accounts usually do not have a minimum deposit requirement with the potential to bring in …
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Chequing Account

Features of a Chequing Account – What You Should Look For

If you are looking to open a chequing account, there are many different accounts you can choose from. However, you should first determine what your banking needs are. This would help you choose what is right for you. Depending on …
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Chequing Accounts

U.S. Chequing Accounts

If you have ever traveled down south of the border, you are probably aware of how expensive it is to have your currency exchanged. Beyond your travel needs, if you find yourself dealing with U.S. dollars on a regular basis, …
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Savings Account

What is a Savings Account?

Chequing accounts are suitable for people who need to access their money for their daily banking needs. But, if you’re looking to save money and earn interest on it, you might want to opt for a savings account. Read ahead for …
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tax free savings account

Best TFSA Savings Accounts

If you like the perks of a savings account but dislike how access to many savings accounts are very restricted, you’ll find a TFSA Savings Accounts quite attractive. These tax-free savings accounts provide you with an unrestricted access to your …
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youth savings accounts

Best Youth Savings Accounts

If you’re looking for a way to teach a minor the importance of saving money, a youth savings account is your answer. Youth savings accounts are normally restricted to those under the age of 18 years old with the added …
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chequing account

Unlimited Chequing Accounts

The chequing account is a basic bank account used for performing transactions. Our paycheques are deposited in this account and we pay credit card bills like utilities using this account. However, not all of these accounts function in the same …
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savings account

Best Senior Savings Accounts

If you’re a senior who is looking for good discount options for your bank account, a senior savings account is the answer for you. These types of savings accounts often attract heavily discounted fees if not none. Additional benefits may …
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Saving with a Tax-Free Savings Account

Saving with a Tax-Free Savings Account (TFSA) The Tax Free Savings Account is a kind of savings scheme launched by the Canadian government in 2009. This scheme offers tax free investments for the Canadian residents aged over 18. There is …
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Advantages of a Tax-Free Savings Account

Advantages of a Tax-Free Savings Account (TFSA) The Tax Free Savings Account (TFSA) is a special type of registered account that allows Canadians to get tax free incomes from their investments. It was introduced on January 1, 2009 by the …
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