Financial Product Reviews
- 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%
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.
- Tangerine fixed mortgage rates are competitive
- Lock in your Tangerine mortgage rate for 120 days
- Prepayment options available
- Annual payment increases available
- No specialized fixed rate mortgages available
- Tangerine mortgages are with an online-only bank
- Canadian resident or applied resident status
- Minimum credit score of 620 with no prior bankruptcies
- At least 3 months of full-time employment
- Get a dedicated account manager once approved
- Can move to a new home penalty free
- 10 years
- 20 years
- 100 years
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.
- 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
- They don’t have as many options as a traditional insurance company
- You don’t get the personal touch
- Policies automatically renew
- Canadian citizen
- Age of majority
- 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
- 10 years
- 20 years
- 100 years
- 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
- 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
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.
- 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)
- Your Wise account can be deactivated with no reason given
- Limits on the amount that can be transferred
- Relatively small list of countries
- No hidden fees or markup
- 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
- USD: Same day
- EUR: Same day
- GBP: Same day
- INR: Same day
- CNY: Same day
- 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
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.
- Free credit score monitoring
- Flexible repayment options
- Funds within a few days
- Good option to pay off high-interest debt
- Free credit score monitoring is required
- Credit score and history options can be too high for some
- Canadian citizen
- Age of majority
- Free credit score monitoring
- Usually get your money within just a few days
- 3 year: 4.64%
- 5 year: 4.59%
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?
- Flexible prepayment options
- Fully digital mortgage experience
- Higher than average rates
- Sub-par promo
- Covers up to $800 in closing costs
- 1 year: 5.54%
- 2 year: 5.49%
- 3 year: 4.64%
- 4 year: 5.09%
- 5 year: 4.59%
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).
- Very competitive standard rates
- Flexible prepayment options
- Fully online mortgage process
- No amortizations over 25 years
- No 6 month convertible rates
- Uninspiring promotional bonus
- Covers up to $800 in closing costs
- High-Ratio mortgages available
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.
- 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
- No free Interac or Plus ATM withdrawals
- No free Interac e-Transfers
- Age of majority in your province or territory
- Opening a sole account in your own name
- Living in Canada
- Automatic money transfers
- MyAdvisor service
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.
- Relatively high interest rate
- Free and unlimited transactions, bill payments, and debits
- No fees of any kind
- No minimum balance requirements
- Higher interest rates available elsewhere
- Maximum $250,000 balance per customer
- 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
- Free and unlimited transactions
- No minimum balance requirements
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.
- Relatively low minimum investment
- No annual fees
- Easy application
- Lock investment in for up to 5 years
- Possible penalties for early redemptions
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.
- Comprehensive offering
- Reasonable rates
- Claims Free Reward
- Save with TD MyAdvantage
- Disappearing deductible
- Backed by a big bank
- Not the lowest rates you’ll find
- Doesn’t cover ridesharing or delivery work
- Canadian citizen
- Age of majority
- 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











