Financial Product 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.

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.

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.

RBC car insurance has quite a lot to offer Canadian consumers, including a wide array of options that let you customize your insurance policy to meet your needs. If you’re looking for the cheapest car insurance available, however, you’ll have to look elsewhere, as RBC’s premiums tend to fall somewhere in the middle of the pack, and they offer few ways to earn any discounts on your premiums.

You’ve probably never heard of Alterna Bank, even though their parent company has been in business for over 100 years. They started as a credit union in Eastern Ontario, and now they’re mostly an online bank. Like other Canadian banks, they’re members of the Canada Deposit Insurance Corporation (CDIC), meaning your money is protected if the bank goes under.

If you’re in the market for a new mortgage because you’re looking to buy your first home or just looking to refinance your existing mortgage, a CIBC fixed rate mortgage might be a good choice for you. Not only are they one of Canada’s tried-and-true big banks, they also have a variety of mortgage terms available, some very competitive special rates, and a few extra features to boot.

If you’re looking to buy a house and would like to have some predictability in what your mortgage payments will be every month, then a fixed rate mortgage is probably for you. Scotiabank offers 7 closed fixed rate mortgages and a 6-month convertible mortgage. In short, you have some options with Scotiabank, although these aren’t that unusual and are available through other lenders as well.

A TD closed variable rate mortgage is an interesting option if you’re looking to stick with the big banks for your mortgage. Though their prime rate is currently higher than most other big banks (at 6.6% instead of 4.45%), TD variable rates are quite competitive.

While you may have heard of Wealthsimple, did you know that Wealthsimple also offers Wealthsimple Trade? And it’s a little different. They advertise it as “a simpler way to trade,” and it’s hard to argue with that. You can only open a handful of account types. You can trade stocks, ETFs, options, margin, and corporate products on Canadian and U.S. exchanges. And that’s about it.

TD GICs are an easy way to earn a modest guaranteed investment on some of your money. Like most banks in Canada, TD offers several types of Guaranteed Investment Certificates (GICs) to give their clients low-risk alternatives to more traditional stock market investing.