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Rate Type
Variable Closed
Rate Guarantee (days)
120
Posted Closed Rates
  • 5 year: 4.79%
4.1 Genius Rating
0.0 (0) User Reviews

You may be thinking about shopping around for a mortgage. Tangerine offers a small array of mortgages for Canadians, including the Tangerine variable rate mortgage.

Pros
  • Low interest rates
  • Flexible prepayment options
  • Portable mortgage
Cons
  • Only 1 type of variable mortgage available
  • Variable rates are…variable
  • No promotions or other incentives
  • Tangerine is an online-only bank
Provinces
ALL
Eligibility
  • Canadian resident or applied resident status
  • Minimum credit score of 620 with no prior bankruptcies
  • At least 3 months of full-time employment
Why You Want It
Get competitive mortgage rates + Flexible portability and prepayments.
Special Features
  • Get a dedicated account manager once approved
  • Can move to a new home penalty free
Rate Type
Variable Closed
Pre-approval
Yes
Rate Guarantee (days)
120
Bank Prime Rate
4.45%
# Of Prepayments Allowed Per Year
See Issuer for Details
% Of Prepayment Allowed
25%
# Of Payment Increases Allowed Per Year
See Issuer for Details
Max Payment Increase Allowed
25%
Promotion Available
N/A
Promotion End Date
N/A
 
# Of ETFs
200
Min Management Fee
0.03%
Max Management Fee
0.17%
5.0 Genius Rating
0.0 (0) User Reviews

Scotiabank offers a small collection of Exchange Traded Funds (ETFs) – bundles of securities that are listed on exchanges, which are traded just like regular stocks. Scotiabank has over 120 ETFs available, and you can use them to diversify your investment portfolio.

Pros
  • Competitive ETF management fees
  • Simple investing through Scotia iTRADE
  • Investment education resources and tools
  • Access to personalized advice
Cons
  • Scotia iTRADE fees
Provinces
See Issuer for Details
Eligibility
See Issuer for Details
Why You Want It
Fees starting as low as 0.03% + Work with Scotia investment specialists.
Special Features
  • Free investing education resource library
  • Access to Scotiabank investment specialists
Types Of ETFs
  • Fixed Income
  • Canadian Equity
  • U.S. Equity
  • International Equity
  • Index Tracker
# Of ETFs
200
Min Management Fee
0.03%
Max Management Fee
0.17%
Min MER
0.06%
Max MER
0.25%
Personalized Advice?
Yes
Self-directed Investing Platform Available?
Yes
 
Average MER
See Issuer for Details
TFSA GICs Available?
Yes
TFSA Mutual Funds?
Yes
TFSA Savings Account?
Yes
5.0 Genius Rating
0.0 (0) User Reviews

A Scotiabank TFSA is an easy way to take advantage of tax-free savings while investing with a trustworthy big bank. You’ll get a variety of options, including GICs (4 different types, in fact), mutual funds, portfolios, and cash savings accounts. You can also invest in stocks and bonds in your self-directed TFSA through Scotia iTrade.

Pros
  • Lots of investing options
  • 4 different types of GICs
Cons
  • Lackluster return on TFSA savings account
  • No special features and not much detail on the website
Provinces
ALL
Eligibility
  • Age of majority
  • Canadian citizen
Why You Want It
Grow your money tax free + Get plenty of flexibility for your investments.
Special Features
See Issuer for Details
Self-directed TFSA Platform
Scotia iTrade
Self-directed Base Fee
N/A
TFSA GICs List
  • Cashable
  • Non-cashable
  • Market linked
  • Personal redeemable
Self-directed Available?
Yes
TFSA GICs Available?
Yes
TFSA Mutual Funds?
Yes
TFSA Portfolios?
Yes
TFSA Savings Account?
Yes
Min TFSA Savings Account Interest Rate
0.25%
Max TFSA Savings Account Interest Rate
0.25%
Promotion
N/A
Promotion End Date
N/A
Average Mutual Fund MER
See Issuer for Details
Investment Portfolios Fees
N/A
 
RRSP GICs Available?
Yes
RRSP Mutual Funds?
Yes
RRSP Portfolios?
Yes
RRSP Savings Account?
Yes
2.6 Genius Rating
0.0 (0) User Reviews

If you’re looking for ways to save for your retirement, Scotiabank RRSPs come in a variety of shapes and sizes – with options for both the DIY and laidback investors alike (and everyone in between). You can open up a self-directed RRSP through Scotia iTrade, an automated portfolio, or keep it simple with a registered savings account.

Pros
  • Options available for the DIY and hands-off investors
  • Both redeemable and non-redeemable GICs available
  • RRSP GICs have a low $500 minimum investment
Cons
  • Not a lot of information on the website
  • No standout features to set it apart from the crowd
Provinces
ALL
Eligibility
  • Age of majority
  • Canadian citizen
  • Under 71 years old
Why You Want It
Grow your money tax sheltered + Get plenty of investment flexibility.
Special Features
See Issuer for Details
Self-directed RRSP Platform
Scotia iTrade
Self Directed Base Fee (Dollar)
$9.99
Self Directed Base Fee (Percentage)
N/A
RRSP GICs List
  • Cashable
  • Non-cashable
  • Market linked
  • Personal redeemable
Self-directed Available?
Yes
RRSP GICs Available?
Yes
RRSP Mutual Funds?
Yes
RRSP Portfolios?
Yes
RRSP Savings Account?
Yes
Min RRSP Savings Account Interest Rate
0.25%
Max RRSP Savings Account Interest Rate
N/A
Promotion
N/A
Promotion End Date
See Issuer for Details
Average Mutual Fund MER
See Issuer for Details
Investment Portfolios Fees
N/A
 
Accident Benefits / Bodily Insurance
Yes
Emergency Road Service
Yes
Accident Forgiveness
Yes
Replacement Value For Total Loss
Yes
5.0 Genius Rating
1.4 (8) User Reviews

Desjardins is an insurance company based in Quebec that offers an array of different insurance types, including car insurance. While they have an array of options available that allow you to customize your insurance package to meet your own, personal needs, they only have insurance available to people living in select provinces.

Pros
  • Comprehensive coverage options available
  • Save money with their optional safe driver program
  • Variety of other ways to save money
Cons
  • Slightly higher than average premiums
  • Not available in all parts of Canada
  • Fewer and lower discounts available
  • Regular coverage doesn’t include gig-work
Provinces
ON, AB, BC, NB
Eligibility
  • Canadian citizen
  • Age of majority
Why You Want It
Perks for customers under age 25 + Ajusto program offers discounts.
Special Features
  • Perks for customers under age 25, including rebates and free roadside assistance
  • Ajusto drive safe program rewards safe drivers with discounts
Liability Insurance
Yes
Accident Benefits / Bodily Insurance
Yes
Collision Insurance
Yes
Comprehensive Insurance
Yes
Emergency Road Service
Yes
Uninsured Motorist Coverage
Yes
Direct Compensation Property Damage
Yes
All Perils
Yes
Specified Perils
Yes
Accident Forgiveness
Yes
Replacement Value For Total Loss
Yes
Family Protection
See Issuer for Details
New Vehicle Protection / Depreciation
Yes
Loss Of Vehicle Use Endorsement
Yes
Rented Or Borrowed Car Protection
Yes
Ride Sharing
Yes
Conviction Protection / Ticket Forgiveness
See Issuer for Details
Disappearing Deductible
Yes
 
Accident Benefits / Bodily Insurance
Yes
Emergency Road Service
Yes
Accident Forgiveness
Yes
Replacement Value For Total Loss
See Issuer for Details
4.0 Genius Rating
0.0 (0) User Reviews

If you drive a car in Canada, you need to have car insurance. Scotiabank offers a comprehensive array of auto insurance options for people in most parts of Canada. You can also get an instant car insurance quote online, which you can easily customize, so you only get the options you want and need.

Pros
  • Instant online quote available
  • Online quote is easily customizable
  • 24/7 insurance claims
  • Discounts available
Cons
  • Online quotes aren’t guaranteed
  • You can’t purchase online, you still have to call someone
  • May not be the best rates available
  • Does not offer coverage for gig-work
Provinces
AB, NB, NL, NS, ON, PE, QC
Eligibility
  • Canadian citizen
  • Age of majority
Why You Want It
24/7 claims assistance available + Bundling discount opportunities.
Special Features
  • Several opportunities for discounts
  • 24/7 availability for making claims
Liability Insurance
Yes
Accident Benefits / Bodily Insurance
Yes
Collision Insurance
Yes
Comprehensive Insurance
Yes
Emergency Road Service
Yes
Uninsured Motorist Coverage
Yes
Direct Compensation Property Damage
Yes
All Perils
Yes
Specified Perils
Yes
Accident Forgiveness
Yes
Replacement Value For Total Loss
See Issuer for Details
Family Protection
Yes
New Vehicle Protection / Depreciation
Yes
Loss Of Vehicle Use Endorsement
Yes
Rented Or Borrowed Car Protection
Yes
Ride Sharing
No
Conviction Protection / Ticket Forgiveness
No
Disappearing Deductible
See Issuer for Details
 
Minimum Interest Rate
0.4%
Maximum Interest Rate
0.85%
Balance Required For Maximum Interest Rate
N/A
4.0 Genius Rating
3.7 (22) User Reviews

From one of Canada's largest and most reliable banks comes the Scotiabank MomentumPLUS Savings Account, a no-fee savings account designed to help you save money and reach your financial goals faster. It offers "premium period" interest rates and account bonuses that give you up to 4.75%,* for the first three months.

Pros
  • Savings goals with bonus interest rates
  • Multiple savings goals, one account
  • Bonus interest rates
  • No monthly fees
  • Unlimited free self-service transfers
  • No minimum balance
Cons
  • Money is locked in if you want the bonus interest rate
  • No free Interac e-Transfers
  • No free debit transactions
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
Get up to 4.75%* interest on your money + No monthly fees.
Special Features
  • Save for multiple goals at once
  • Tiered Premium Period interest rates
  • Unlimited tree transfers between Scotiabank accounts
# Of Free Transactions
0
# Of Free Interac E-Transfers
0
Max Promotion Rate
4.75%
Welcome Bonus Value
N/A
Promo End Date
See Issuer for Details
 
Rate Type
Fixed Closed
Rate Guarantee (days)
120
Posted Closed Rates
  • 1 year: 7.74%
  • 2 year: 7.34%
  • 3 year: 6.94%
  • 4 year: 6.74%
  • 5 year: 6.79%
  • 6 year: 6.99%
  • 7 year: 7.1%
  • 10 year: 7.25%
4.6 Genius Rating
0.0 (0) User Reviews

Like the rest of Canada’s big banks, TD offers mortgages as one of its various financial products. With competitive rates and a variety of terms and mortgage solutions, TD should definitely be on your list when comparison shopping.

Pros
  • TD mortgage rates are competitive
  • Available TD mortgage insurance
  • The TD mortgage calculator is great
  • TD affordability calculator is worth a look
Cons
  • Strict credit requirements
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
120-day rate guarantee + Convenient mortgage calculator.
Special Features
  • High-Ratio mortgages available
Rate Type
Fixed Closed
Pre-approval
Yes
Rate Guarantee (days)
120
Bank Prime Rate
4.45%
# Of Prepayments Allowed Per Year
See Issuer for Details
% Of Prepayment Allowed
15%
# Of Payment Increases Allowed Per Year
See Issuer for Details
Max Payment Increase Allowed
100%%
Promotion Available
N/A
Promotion End Date
See Issuer for Details
 
Rate Type
Fixed Closed
Rate Guarantee (days)
120
Posted Closed Rates
  • 1 year: 6.54%
  • 2 year: 5.64%
  • 3 year: 4.69%
  • 4 year: 4.74%
  • 5 year: 4.79%
  • 7 year: 5.6%
  • 10 year: 6%
4.1 Genius Rating
0.0 (0) User Reviews

Tangerine mortgage rates have historically been very competitive, especially before and during the pandemic. While they tend to hover close to big bank rates nowadays, you can still find a good deal with this Scotiabank-owned online bank. On top of the rates, you also get a dedicated mortgage account manager, plus can port your mortgage with no penalty if you need it.

Pros
  • Tangerine fixed mortgage rates are competitive
  • Lock in your Tangerine mortgage rate for 120 days
  • Prepayment options available
  • Annual payment increases available
Cons
  • No specialized fixed rate mortgages available
  • Tangerine mortgages are with an online-only bank
Provinces
ALL
Eligibility
  • Canadian resident or applied resident status
  • Minimum credit score of 620 with no prior bankruptcies
  • At least 3 months of full-time employment
Why You Want It
Get competitive mortgage rates + Flexible portability and prepayments.
Special Features
  • Get a dedicated account manager once approved
  • Can move to a new home penalty free
Rate Type
Fixed Closed
Pre-approval
Yes
Rate Guarantee (days)
120
Bank Prime Rate
4.45%
# Of Prepayments Allowed Per Year
See Issuer for Details
% Of Prepayment Allowed
25%
# Of Payment Increases Allowed Per Year
See Issuer for Details
Max Payment Increase Allowed
25%
Promotion Available
N/A
Promotion End Date
N/A
 
Term Life Insurance
Yes
Terms Available
  • 10 years
  • 20 years
  • 100 years
Permanent Life Insurance
Yes
Guaranteed Acceptance Life Insurance
Yes
5.0 Genius Rating
0.0 (0) User Reviews

If you’re in the market for life insurance, you may not have considered TD. They’re not one of the largest life insurance companies in Canada, but they are owned by one of Canada’s largest banks. This could make them a good choice for you, especially if you’re already a TD customer. Even if you’re not, they’re worth checking out – it’s easy to get a quote online.

Pros
  • It’s easy to get an online quote
  • They have sample policies online
  • It’s convenient to apply online or over the phone
  • There’s no sales commission
  • Option to convert term to permanent insurance
Cons
  • They don’t have as many options as a traditional insurance company
  • You don’t get the personal touch
  • Policies automatically renew
Provinces
ALL
Eligibility
  • Canadian citizen
  • Age of majority
Why You Want It
Get a quick quote with instant approval + Save up to 10% with discounts
Special Features
  • Instant approval for up to $10 million in coverage
  • 30-day review period in case you change your mind
  • Discounts for having other TD products
Term Life Insurance
Yes
Terms Available
  • 10 years
  • 20 years
  • 100 years
Permanent Life Insurance
Yes
Guaranteed Acceptance Life Insurance
Yes
Universal Life Insurance
No
 

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