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Best GIC options in Canada

Best GIC Rates in Canada for 2024

Best GIC Rates in Canada for 2024

The best GIC rates offer a safe, secure way to grow your money over a set term.

Best Short-Term GIC Rates in Canada for February 2024

Best Short-Term GIC Rates in Canada for February 2024

Use a short-term GIC to earn interest on your savings and keep a strategic distance between yourself and that hard-earned cash.

Best EQ Bank GIC Rates

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.

Best GIC rates from leading banks

NerdWallet Banking Reviews

Compare the pros, cons and perks of Canadian financial institutions.

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Best Chequing accounts in Canada

Nerdwallet Logo Partner Spotlight

BMO Performance Chequing Account

Earn up to a $600* welcome bonus when you open a new BMO Performance Chequing Account and Savings Amplifier Account with a 5.5% promo interest rate. *Conditions Apply

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Find an account that matches your needs

Best Banks for International Students in Canada for 2024

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.

The basics

A Guide to Common Canadian Bank Fees and Charges

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.

Know the difference

Can’t decide between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP)?

Let us guide you

How to Open a Bank Account

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 Direct Deposit Works and How to Set It Up in 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.

How to Get a Loan From the Bank

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?

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?

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?

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.

The latest

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