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Banking Reviews

Searching for a great bank account? NerdWallet reviewed Big Banks, credit unions and online-only banks — along with some of their most popular products — to help you understand the pros, cons and perks.
Banking Reviews

Bank reviews

Online-only bank reviews

Credit union reviews

Banking product reviews

BMO Performance Chequing Account Review: Is It Worth It?
The BMO Performance Chequing Account is ideal for frequent debit users who can maintain a minimum balance to waive the monthly fee. Read more.
RBC High-Interest Savings Account Review: Is It Worth It?
RBC’s high-interest savings account has no monthly fees or minimum balance requirements, but its ongoing interest rate is lower than some competitors. Read more.
RBC TFSA Review: Is It Worth It?
An RBC TFSA offers a tax advantage on your savings as long as you follow contribution rules, though your return depends on how you choose to invest the funds. Read more.
RBC RRSP Review: Is It Worth It?
An RBC RRSP can be used to set money aside for retirement and offers a short-term tax benefit. You can also borrow from it for specific major life expenses. Read more.
RBC Savings Account Review: Is It Worth It?
Royal Bank of Canada offers several savings accounts. The interest rates aren’t likely to blow you away, but they're straightforward products with low or no fees. Read more.
Scotiabank TFSA Review: Is It Worth It?
Scotiabank’s tax-advantaged registered account can help you save and invest in tandem, but it may not be ideal if you bank elsewhere. Read more.
CIBC Youth Account Review: Is It Worth It?
CIBC’s Smart Start youth chequing account offers unlimited transactions and other perks to Canadians who are under 25 years of age. Read more.
EQ Bank TFSA Review: Is It Worth It?
The EQ Bank TFSA offers competitive interest rates, charges no fees, and requires no minimum balance. However, the EQ TFSA is only for savings and GICs, not other investments. Read more.