Financial Product Reviews
Flexible Terms
Minimum Loan Amount
$2,000
Maximum Loan Amount
$35,000
APR Range
8.99% - 29.49%
Fig Financial is an all-digital loan provider with an ultra-simple application process. You can check to see if you qualify for a personal loan rate within seconds and complete the application for a loan up to $35,000 within minutes.
Pros
- They're upfront with their interest rates
- Easy to apply
- No early payment penalties
- High borrowing amounts
Cons
- Secured loans not available
- Good credit to qualify
Provinces
AB, BC, MB, NB, NL, NS, ON, PE, QC, SK
Eligibility
- Age of majority in your province or territory
- Be a Canadian citizen or permanent resident
- Meet credit score requirements
- No application within the last 30 days
- No active Fig loan or recent decline within 30 days
- No bankruptcy, delinquencies, or collections
Why You Want It
Pay for your next reno, trip, or car with low rates + No prepayment penalties
Special Features
- Quick and easy online application process
- Get approved for a loan in minutes, receive funds in a few days
- No prepayment penalties
- Loan amounts range from $2,000 to $35,000
Pre-approval
Flexible Terms
Loan Amounts
$2,000 - $35,000
APR Range
8.99% - 29.49%
Term Range
2 to 5 years
Minimum Credit Score
680
Secured Available
Minimum Interest Rate
2.6%
Maximum Interest Rate
2.75%
Balance Required For Maximum Interest Rate
N/A
The EQ Bank Notice Savings Account is a unique new product from one of Canada's favourite challenger banks. This account rewards clients for planning ahead by offering impressively high interest rates. The details? Give 10 or 30-days’ notice before withdrawing funds and you'll earn 2.6% or 2.75%, respectively.
Pros
- Some of the highest interest rates available
- No minimum account balance
- Flexible and accessible
- Significant focus on saving vs. spending
Cons
- Requires opening an EQ Bank Personal Account
- Takes a while to access your funds
Provinces
ALL
Eligibility
- Age of majority
- Canadian resident
- Have a SIN
Why You Want It
Earn up to 2.75% interest + Unlimited withdrawals with advanced notice.
Special Features
- Agree to give 10 or 30 days notice before withdrawing funds in return for a higher interest rate
- No monthly fee or minimum balance requirements
# Of Free Transactions
Unlimited
# Of Free Interac E-Transfers
0
Max Promotion Rate
N/A
Welcome Bonus Value
N/A
Promo End Date
N/A
Minimum Interest Rate
N/A
Maximum Interest Rate
0.85%
Balance Required For Maximum Interest Rate
N/A
There are many high interest savings accounts to consider, including the Meridian High Interest Savings Account. It offers a competitive interest rate of 0.85% and unlimited transactions for no monthly fee. This is a good choice for anyone wanting to earn a little extra on their savings and maintain access to their funds at any time.
Pros
- Get a 0.85% interest rate
- Unlimited transactions
- Access to thousands of ATMs in North America
- Open registered accounts
Cons
- Branches only in Ontario
- Lower interest rate than some high interest savings accounts
- No welcome bonus or special offers
Provinces
ALL
Eligibility
- Live or work in Canada
- Age of majority in your province or territory
- Valid email address
- SIN for tax purposes
- Access to your mobile phone
Why You Want It
Earn 0.85% interest + Unlimited free transactions.
Special Features
- Available for TFSA, RRSP, FHSA, and RRIF
- Community-minded banking experience
# Of Free Transactions
Unlimited
# Of Free Interac E-Transfers
0
Max Promotion Rate
N/A
Welcome Bonus Value
N/A
Promo End Date
N/A
Minimum Interest Rate
2.75%
Maximum Interest Rate
2.75%
Balance Required For Maximum Interest Rate
N/A
The EQ Bank US Dollar Account is one of the best U.S. bank accounts available in Canada, offering a higher interest rate than most similar accounts, as well as many other valuable money-saving features. EQ makes it easy to move your U.S. funds around, but it doesn't offer unlimited transactions, which would be a nice added touch.
Pros
- High interest rate on USD balance
- Competitive USD exchange rate
- Free EFT between linked accounts
- Send international transfers
Cons
- Not available in Quebec for now
- No physical locations
- No direct withdrawals or deposits
Provinces
AB, BC, MB, NB, NL, NU, NT, NS, ON, PE, SK, YT
Eligibility
- Canadian citizen
- Age of majority in your province
- Need a social insurance number
- Need a Canadian phone number
- Need an EQ Bank Personal Account
Why You Want It
Earn 2.75% interest + Send international money transfers using Wise.
Special Features
- Send money abroad with Wise
- Free, unlimited USD to USD transfers within Canada
- Very reasonable exchange rates
# Of Free Transactions
0
# Of Free Interac E-Transfers
0
Max Promotion Rate
N/A
Welcome Bonus Value
N/A
Promo End Date
N/A
Minimum Interest Rate
N/A
Maximum Interest Rate
0.4%
Balance Required For Maximum Interest Rate
N/A
The Tangerine Children’s Savings Account is a no-fee kid’s bank account designed to help parents and guardians encourage the habit of saving early in life. It offers a modest 0.4% interest rate, the ability to set up automatic savings plans, and a separate login for kids to manage their account online.
Pros
- No monthly or service fees
- The child gets their own client number and login
- Earn 0.4% interest
Cons
- No welcome bonus
- There are other youth accounts with more perks
- Only for children 11 years old and younger
Provinces
ALL
Eligibility
- 11 years old or younger
- Must open an adult savings account
- Canadian citizen
Why You Want It
Earn 0.4% interest + Your child gets their own client number and login.
Special Features
- Unique client number and login
- Competitive interest rate (for youth accounts)
# Of Free Transactions
0
# Of Free Interac E-Transfers
N/A
Max Promotion Rate
N/A
Welcome Bonus Value
N/A
Promo End Date
N/A
Minimum Interest Rate
0.01%
Maximum Interest Rate
0.01%
Balance Required For Maximum Interest Rate
N/A
With the RBC Leo's Young Savers Account, RBC clearly demonstrates that it takes children's savings accounts seriously. This isn't a huge surprise, since we're talking about one of Canada's largest and most trusted financial institutions, but sometimes these types of accounts get overlooked.
Pros
- No monthly fees
- Free debit transactions and Interac e-Transfers
- Automated payments for parents
- Access to the Mydoh app
Cons
- Initial setup requires an appointment
- Low interest rate
- No ATM freebies
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
$0 monthly fee + Unlimited debit transactions and e-Transfers.
Special Features
- Free debit transactions across Canada
- Optional self-imposed transaction limits
- Cash welcome bonus
# Of Free Transactions
See Issuer for Details
# Of Free Interac E-Transfers
Unlimited
Max Promotion Rate
N/A
Welcome Bonus Value
$25
Promo End Date
October 31, 2025
Min Monthly Fee
US$0
Max Monthly Fee
US$2.51
Number Of Users Included
6
Can Be Used For All Devices
Password protectors are a must, but they aren’t (usually) free. Enter NordPass – created by the makers of NordVPN. This basic, free password manager makes it so you no longer have to choose between security and another monthly expense.
Pros
Cons
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
A free password manager with a paid upgrade for premium plans.
Special Features
- Offers Secure Notes for securing things like WiFi passwords and alarm system codes
- Securely store your credit cards for online shopping
Min Monthly Fee
US$0
Max Monthly Fee
US$2.51
Number Of Users Included
6
Can Be Used For All Devices
Generates Passwords
Multi Factor Authentication Supported
Ability To Share Passwords With Others
Self-Directed Available
GICs Available
Mutual Funds Available
Savings Account Available
Wealthsimple’s version of the First Home Savings Account (FHSA) is a solid option that lets you hold stocks and ETFs in a single account. Wealthsimple will even cover the cost of transferring money from another institution into your new account.
Pros
- Self-directed and managed investment options
- No commission fees on stocks and ETFs
- You can transfer funds from a 3rd party for free
Cons
- Your cash doesn’t earn interest
- Limited number of investment options
Provinces
ALL
Eligibility
- Canadian resident
- 18 years old (no older than 71)
- Be a first-time home buyer
Why You Want It
Choose between self-directed or robo investing + Low fees and easy to use.
Special Features
See Issuer for Details
Self-Directed Available
Self-Directed Platform
Wealthsimple
Self-Directed Base Fee
$0
GICs Available
Types of GICs
See Issuer for Details
Mutual Funds Available
Average Mutual Fund MER
N/A
Investment PortfoliosAvailable
Investment Portfolio Fees
0.5%
Savings Account Available
Minimum Savings Account Rate
N/A
Maximum Savings Account Rate
N/A
Promotion
N/A
Promotion End Date
N/A
Minimum Balance To Waive Fee
$4,000
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$8.50
The Coast Capital Unlimited Chequing Account is a mid-tier chequing account from Coast Capital. If you're in the market for an account with unlimited day-to-day transactions****, including free e-Transfers, don't count this one out simply because it's from a credit union – it can hold its own against similar chequing accounts from much bigger banks.
Pros
- Reasonable monthly fee***
- Valuable welcome offer**
- Free ID Assist protection
- Discounts for seniors, youth, and others***
- Free cheques each year
Cons
- Unavailable in Quebec
- No free unaffiliated ATM withdrawals
Provinces
AB, BC, MB, NB, NL, NU, NT, NS, ON, PE, SK, YT
Eligibility
- Be the age of majority in your province or territory
- Have a SIN
- Live in Canada (except Quebec)
- New members must purchase a minimum of $5 in membership equity shares
Why You Want It
$125 GeniusCash + New members can get $250** when they open and use an Unlimited Chequing Account.
Special Features
- Online identity theft protection and monitoring (Value $96/year)
- Free withdrawals and deposits at more than 4,000 ATMs across Canada
Minimum Balance To Waive Fee
$4,000
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$8.50
Excess Transaction Fee
N/A
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
N/A
Maximum Welcome Bonus
$250
Promo End Date
December 01, 2025
Physical Locations
Automatic Budgeting System
Minimum Interest Rate
N/A
Earn Rewards On Debit Purchases
Free Cheques
Free Bank Drafts
Max Rebates For Other Accounts
N/A
Discounts For Seniors
Discounts For Youth
Other Discounts
$125 GeniusCash + New members can get $250** when they open and use an Unlimited Chequing Account.
Rate Type
Fixed Closed
Rate Guarantee (days)
120
Posted Closed Rates
- 1 year: 5.69%
- 2 years: 4.94%
- 3 years: 4.23%
- 4 years: 4.27%
- 5 years: 4.31%
- 6 years: 5.11%
- 7 years: 5.11%
- 8 years: 5.11%
- 9 years: 5.41%
- 10 years: 5.4%
The Coast Capital Closed Fixed Rate Mortgage is a product from one of the best credit unions in the country. The Coast Capital Closed Fixed Rate Mortgage has decent rates and notable features, all of which make buying a house less of a hassle.
Pros
Cons
Provinces
BC
Eligibility
- Buying property in B.C.
Why You Want It
Rates as low as 3.96%* APR on a high-ratio 5-year fixed mortgage
Special Features
See Issuer for Details
Rate Type
Fixed Closed
Pre-approval
Rate Guarantee (days)
120
Bank Prime Rate
4.95%
# Of Prepayments Allowed Per Year
1
% Of Prepayment Allowed
20%
# Of Payment Increases Allowed Per Year
N/A
Max Payment Increase Allowed
N/A
Promotion Available
4600$
Promotion End Date
See Issuer for Details
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