Banking
Best GIC options in Canada
Compare GIC Rates in Canada for 2024: Best 1- to 5-Year GICs
The best GIC rates offer a safe, secure way to grow your money over a set term.
Siddhi Bagwe
Best Short-Term GIC Rates in Canada for December 2024
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 for December 2024
EQ Bank’s GICs are no-frills, fee-free investment options with a high interest rate and an ultra-low minimum deposit.
Best GIC rates from leading banks
NerdWallet Banking Reviews
Compare the pros, cons and perks of Canadian financial institutions.
Best Chequing accounts in Canada
Best New Bank Account Offers and Promotions in Canada for 2024
Chequing account offers include cash rewards, gift cards, waived fees, merchandise and more. You may need to complete qualifying activities to get the offer.
Best Chequing Accounts in Canada for 2024
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 $700* welcome bonus when you open a new BMO Performance Chequing Account, open a new Savings Amplifier Account and invite a family member as part of a BMO Family Bundle. *Conditions Apply
Find an account that matches your needs
Best Senior Bank Accounts in Canada
Many senior bank accounts offer fee rebates and unlimited transactions. But not all senior accounts are free, and require you to be 60 to 65 or older to qualify.
Best Banks for International Students in Canada for 2024
The best banks for international students in Canada can accommodate your savings, day-to-day banking and financing needs.
Best Student Bank Accounts in Canada for 2024
The best student bank accounts offer a combination of no monthly fees, numerous free transactions and other perks to make your day-to-day banking easier and more affordable.
Best Banks for Newcomers in Canada for 2024
Compare leading Canadian banks that have special accounts, plans and financial services with welcome offers for newcomers to choose the best bank for your needs.
Best Online Bank Accounts in Canada for 2024
Compare the top online bank accounts to find the best account that offers chequing privileges, charges low or monthly fees, and earns higher interest rates on your deposits.
The basics
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
Banks often charge fees for holding a bank account and using banking services. Common fees include monthly account fees, overdraft charges, wire payments and ATM fees.
Let us guide you
How to Open a Bank Account
You can open a bank account online, over the phone or at a branch. Make sure you have two forms of identification ready.
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
Direct deposit is a fast, convenient alternative to waiting for a paper cheque to arrive in the mail, and it requires no work on your end after the initial setup.
Kurt Woock
Barry Choi
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.
Your questions, answered
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 is the interest earned on money that has already earned interest. Compound interest helps your money grow faster, with no additional investment on your part.
What Is a Non-Sufficient Funds Fee? How to Avoid NSF Charges
Overdrawing your bank account can result in a $50 NSF fee and hurt your credit score.
Shannon Terrell
Janine DeVault
Deborah Kearns
Helen Burnett-Nichols
Sandra MacGregor