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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
 
Mid-market Exchange Rate?
Yes
Hidden Fees?
No
Example Fees For $1,000
  • USD: Start at $7.40
  • EUR: Start at $6.34
  • GBP: Start at $6.78
  • INR: Start at $8.21
  • CNY: Start at $15.66
Transfer Limits
  • Direct debit: $9,500/day, $30,000/week
  • Debit/credit: $3,000/transfer
  • Interac e-Transfer: $25,000
  • Bill payment/wire transfer: $1.5 million
1.8 Genius Rating
2.8 (18) User Reviews

Wise, formerly known as Transferwise, is an international money transfer service that allows users to send funds to 80+ countries, including Wise transfers in Canada. Transferwise was launched in 2011 by two friends from Estonia. The company started out offering international money transfers, and soon grew to include multi-currency accounts, business accounts, and a debit card. In 2021, Transferwise changed its name to Wise.

Pros
  • Cheap international money transfers
  • Transparent fee structure
  • Free multi-currency account to hold over 40 currencies
  • FINTRAC regulated in Canada
  • Ability to enable two factor authentication (2FA)
Cons
  • Your Wise account can be deactivated with no reason given
  • Limits on the amount that can be transferred
  • Relatively small list of countries
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
Global money transfers that are up to 8x cheaper than banks + No hidden fees.
Special Features
  • No hidden fees or markup
Mid-market Exchange Rate?
Yes
Hidden Fees?
No
Example Fees For $1,000
  • USD: Start at $7.40
  • EUR: Start at $6.34
  • GBP: Start at $6.78
  • INR: Start at $8.21
  • CNY: Start at $15.66
Example Transfer Speed For $1,000
  • USD: Same day
  • EUR: Same day
  • GBP: Same day
  • INR: Same day
  • CNY: Same day
Debit Transfer?
Yes
Credit Transfer?
Yes
Bank Account Transfer?
Yes
Paypal Transfer?
No
Transfer Limits
  • Direct debit: $9,500/day, $30,000/week
  • Debit/credit: $3,000/transfer
  • Interac e-Transfer: $25,000
  • Bill payment/wire transfer: $1.5 million
 
Flexible Terms
Yes
Minimum Loan Amount
$500
Maximum Loan Amount
$35,000
APR Range
See Issuer for Details
5.0 Genius Rating
0.0 (0) User Reviews

Borrowell Canada has entered the personal loans market over the past few years, offering a variety of unsecured loans to Canadians with varying interest rates, terms, and amounts.

Pros
  • Free credit score monitoring
  • Flexible repayment options
  • Funds within a few days
  • Good option to pay off high-interest debt
Cons
  • Free credit score monitoring is required
  • Credit score and history options can be too high for some
Provinces
AB, BC, MB, NB, NL, NS, ON, PE, SK
Eligibility
  • Canadian citizen
  • Age of majority
Why You Want It
Free credit score monitoring + Get funds quickly with reasonable rates.
Special Features
  • Free credit score monitoring
  • Usually get your money within just a few days
Pre-approval
Yes
Flexible Terms
Yes
Loan Amounts
See Issuer for Details
APR Range
See Issuer for Details
Term Range
6-120 months
Minimum Credit Score
600
Secured Available
Yes
 
Rate Type
Variable Closed
Rate Guarantee (days)
120
Posted Closed Rates
  • 3 year: 4.64%
  • 5 year: 4.59%
3.0 Genius Rating
0.0 (0) User Reviews

If you’re in the market for a mortgage, either to buy a new home or to refinance your existing mortgage, you might be considering a variable rate mortgage. I mean, why not risk higher payments later for lower payments now?

Pros
  • Flexible prepayment options
  • Fully digital mortgage experience
Cons
  • Higher than average rates
  • Sub-par promo
Provinces
AB, BC, MA, NB, NL, NS, ON, PE, SA, NT, NU, YU
Eligibility
See Issuer for Details
Why You Want It
Flexible prepayment options + Fully digital mortgage process.
Special Features
  • Covers up to $800 in closing costs
Rate Type
Variable Closed
Pre-approval
Yes
Rate Guarantee (days)
120
Bank Prime Rate
4.95%
# Of Prepayments Allowed Per Year
See Issuer for Details
% Of Prepayment Allowed
2,000%
# Of Payment Increases Allowed Per Year
See Issuer for Details
Max Payment Increase Allowed
20%
Promotion Available
N/A
Promotion End Date
N/A
 
Rate Type
Fixed Closed
Rate Guarantee (days)
120
Posted Closed Rates
  • 1 year: 5.54%
  • 2 year: 5.49%
  • 3 year: 4.64%
  • 4 year: 5.09%
  • 5 year: 4.59%
3.1 Genius Rating
0.0 (0) User Reviews

Alterna fixed mortgage rates are very competitive when compared to those offered by Canada’s big banks, which can be enticing. On the other hand, Alterna is relatively new on the Canadian banking scene, being in operation as a bank only since 2000 (albeit under a variety of names).

Pros
  • Very competitive standard rates
  • Flexible prepayment options
  • Fully online mortgage process
Cons
  • No amortizations over 25 years
  • No 6 month convertible rates
  • Uninspiring promotional bonus
Provinces
AB, BC, MA, NB, NL, NS, ON, PE, SA, NT, NU, YU
Eligibility
See Issuer for Details
Why You Want It
Easily lock in your mortgage online + Get up to $800 in closing costs covered.
Special Features
  • Covers up to $800 in closing costs
  • High-Ratio mortgages available
Rate Type
Fixed Closed
Pre-approval
Yes
Rate Guarantee (days)
120
Bank Prime Rate
4.7%
# Of Prepayments Allowed Per Year
See Issuer for Details
% Of Prepayment Allowed
2,000%
# Of Payment Increases Allowed Per Year
See Issuer for Details
Max Payment Increase Allowed
20%
Promotion Available
N/A
Promotion End Date
N/A
 
Minimum Interest Rate
N/A
Maximum Interest Rate
0.55%
Balance Required For Maximum Interest Rate
$0
3.7 Genius Rating
0.0 (0) User Reviews

The RBC High Interest eSavings account is a HISA from one of Canada’s most trusted banks, offering a standard interest rate of 0.65% with no minimum deposit required, as well as a promotional rate for the first three months. Backed by RBC’s long-standing reputation, it’s a reliable and flexible option for building your savings while keeping funds easily accessible for the future.

Pros
  • Impressive interest for a big bank
  • High promo interest for 3 months
  • Access to RBC automatic money transfers
  • Free transfers to other RBC bank accounts
  • 1 free RBC ATM cash withdrawal per month
  • No monthly fee
Cons
  • No free Interac or Plus ATM withdrawals
  • No free Interac e-Transfers
Provinces
ALL
Eligibility
  • Age of majority in your province or territory
  • Opening a sole account in your own name
  • Living in Canada
Why You Want It
Earn 0.55% on every dollar + Transfer money between RBC accounts for free.
Special Features
  • Automatic money transfers
  • MyAdvisor service
# Of Free Transactions
1
# Of Free Interac E-Transfers
0
Max Promotion Rate
4.6%
Welcome Bonus Value
N/A
Promo End Date
January 27, 2026
 
Minimum Interest Rate
1.15%
Maximum Interest Rate
1.15%
Balance Required For Maximum Interest Rate
N/A
3.8 Genius Rating
0.0 (1) User Reviews

If you’re looking for a good place to stash an emergency fund where it will earn a bit of interest while still being easily accessible, the Alterna High Interest eSavings Account might be just the ticket.

Pros
  • Relatively high interest rate
  • Free and unlimited transactions, bill payments, and debits
  • No fees of any kind
  • No minimum balance requirements
Cons
  • Higher interest rates available elsewhere
  • Maximum $250,000 balance per customer
Provinces
ALL
Eligibility
  • You must be a Canadian resident
  • You must have reached the age of majority in your province or territory
  • Have an account at another major Canadian Financial Institution
Why You Want It
Unlimited $0 transactions, bill payments, & debits + Max 1.15% interest.
Special Features
  • Free and unlimited transactions
  • No minimum balance requirements
# Of Free Transactions
Unlimited
# Of Free Interac E-Transfers
Unlimited
Max Promotion Rate
N/A
Welcome Bonus Value
N/A
Promo End Date
N/A
 
Minimum Investment
$500
Minimum Cashable GIC Term (Days)
N/A
Minimum Non-Cashable GIC Term (Days)
365
Maximum Non-Cashable GIC Term (Days)
N/A
4.0 Genius Rating
0.0 (0) User Reviews

Guaranteed Investment Certificates (GICs) are a safe and secure Canadian investment that offers a guaranteed return over a fixed period of time. However, due to its low-risk nature, this kind of investment tends to come with relatively low rewards.

Pros
  • Relatively low minimum investment
  • No annual fees
  • Easy application
Cons
  • Lock investment in for up to 5 years
  • Possible penalties for early redemptions
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
Get guaranteed return online + A low minimum investment.
Special Features
See Issuer for Details
Minimum Investment
$500
Available As FHSA
No
Minimum Cashable GIC Term (Days)
N/A
Available As RRSP
Yes
Maximum Cashable GIC Term (Days)
30
Available As TFSA
Yes
Minimum Non-Cashable GIC Term (Days)
365
Available As RRIF
No
Maximum Non-Cashable GIC Term (Days)
N/A
Minimum Market Linked GIC Term (Days)
N/A
Maximum Market Linked GIC Term (Days)
N/A
Minimum U.S. Dollar GIC Term (Days)
N/A
Maximum U.S. Dollar GIC Term (Days)
N/A
 
Accident Benefits / Bodily Insurance
Yes
Emergency Road Service
Yes
Accident Forgiveness
Yes
Replacement Value For Total Loss
Yes
5.0 Genius Rating
1.1 (24) User Reviews

TD auto insurance is one of several types of insurance coverage offered by TD Insurance. With a comprehensive array of options available to drivers in most of Canada, TDs car insurance has something to offer for pretty much everyone.

Pros
  • Comprehensive offering
  • Reasonable rates
  • Claims Free Reward
  • Save with TD MyAdvantage
  • Disappearing deductible
  • Backed by a big bank
Cons
  • Not the lowest rates you’ll find
  • Doesn’t cover ridesharing or delivery work
Provinces
AB, NB, NL, NT, NU, NS, ON, PE, YT, QC
Eligibility
  • Canadian citizen
  • Age of majority
Why You Want It
Membership discounts for 750+ groups + Save with TD MyAdvantage.
Special Features
  • Save an average of 30% when you're claims-free
  • Convenient TD Insurance app
  • TD MyAdvantage driving program rewards safe drivers
  • Save 5% on car insurance when you buy online
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
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
Yes
 

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