Financial Product Reviews
If you’re someone who doesn’t need to make a lot of transactions throughout the month and wants a simple way to save, the TD Every Day Savings Account could be a great option for you. TD Every Day Savings Account holders earn interest on every dollar for no monthly fee, and the account includes one free transaction per month. Additionally, it offers the convenience of free unlimited transfers between TD accounts, making it easy to use this account for savings and a chequing account for day-to-day banking.
- Free to have this account
- No fees to transfer to other TD accounts
- Earn 0.01% interest on your savings
- Only one free transaction per month
- Fees for additional transactions and ATM use
- Low interest rate that doesn’t increase with tiers
- Automated savings feature
- Free transfers to other TD accounts
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Based in Vancouver, Lions Peak Insurance is a life insurance broker that works with well recognized names like Sun Life, Manulife, Desjardins, and more. Lions Peak Insurance can help set you up with a life insurance policy tailored to your unique needs.
- Plenty of term lengths to choose from
- Plenty of other services available
- Multiple channels to contact customer service
- No guaranteed acceptance or universal life insurance options
- Online only means no in-person assistance
- Wide range of services available
- Available Canada-wide
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The TD All-Inclusive Banking Plan offers a rich set of benefits in exchange for a $30.95 monthly fee, which is waived when a $5,000 daily balance is maintained throughout the month. Account holders can enjoy unlimited transactions, no fees for TD or non-TD ATMs, rebates on the annual fee for select TD credit cards, and the opportunity to earn bonuses from partners like Starbucks.
- Generous welcome bonus
- Unlimited transactions and Interac e-Transfers
- Free safety deposit box, cheques, and money orders
- Rebate on select TD credit cards
- Free ATM use (both TD and non-TD ATMs)
- High minimum balance to waive the monthly fee
- No rewards program or valuable perks
- No savings on international money transfers
- Age of majority
- TD Fraud Alerts
- No ATM fees
- Automatic savings transfers
- Free personalized cheques, money orders, and certified cheques
The Neo Savings Account is Neo’s high-interest savings account (HISA), an easy option for Canadians looking for an account with generous interest rates on all deposits. Plus, Neo doesn't charge any fees, which makes this account an excellent choice regardless of your savings experience or financial knowledge.
- Impressive 3% interest rate
- No monthly fees or minimum deposit requirements
- Personalized goal-tracking tool
- Earn more interest and rewards with a Neo Membership
- Customizable account name and icons
- Hard to access your money
- No welcome bonus offered
- No monthly fees or minimum deposit required
- Personalized saving goals to keep you organized and on-track
- Track your goals in real-time
soNomad is relatively new to the insurance market, but it's gaining popularity for its broad range of coverage options and easy purchasing process. Whether you’re a student, seasoned traveller, or just looking for basic coverage on your next out-of-province trip, you can find the travel insurance you need.
- Up to 25% cheaper than other travel insurance on average
- Easy-to-use online quote system
- Unique plans for visitors to Canada
- Some areas of Canada are left out
- High-risk adventure activities are excluded
- Canadian resident or visitor
- No administrative fees for date changes, cancellations, or early returns
- Call 1-855-221-4555 for a quote
- COVID-19 coverage at no extra cost
- 5 year: 4.09%
One of Canada's favourite non-traditional fintech startups is now offering mortgages. Since Neo Financial was founded in 2019, it's been taking the financial world by storm, making it no great surprise that they've added mortgages to their service menu.
- Better rates than the big 5 banks
- Super fast application and pre-approval process
- Customer service is top notch
- Not available in many parts of Canada
- Online-only isn't for everyone
- Live in Canada
- Minimum credit score of 640
- Do everything online, complete with a dedicated Mortgage Advisor
- Chance to win free mortgage payments for a year
If you're looking for a quick and easy way to get home insurance at a decent rate, Square One will deliver. Square One launched its professional services in January of 2011 and now provides several different insurance products, including landlord insurance, tenant insurance, condo insurance, and more. They've found a way to bypass many of the complexities typically built into more traditional policies, making it easier to customize your insurance coverage.
- Offers competitive rates starting at $12 a month
- Choose either monthly or annual payments
- Customization is easy
- Guaranteed 2-hour response for emergencies
- Available in Quebec (but not through our link)
- Not available in most of Canada
- Non-refundable premium
- No in-person assistance
- Age of majority in your province.
- Coverage for as low as $12 per month
- Only offers a Comprehensive insurance policy for the best protection
- Allows customers to exclude coverage for property they don't own to reduce premiums
- Access to a Legal Advice Helpline
- An expert review of your condo corporation's insurance policy to determine your necessary limits and deductibles
- Interest-free monthly payments
- 24-hour claims service with a guaranteed 2-hour emergency response
- Available in Quebec
Innovation's No-Fee Bank Account is a top-notch no fee account that offers features and benefits not commonly associated with chequing accounts. This chequing account from Saskatchewan-based Innovation Federal Credit Union is a strong contender in the free chequing account sphere, with cross-country availability (except for Quebec).
- Earn rewards on monthly transactions
- Free and unlimited transactions and Interac e-Transfers®
- No minimum balance requirements
- Free non-affiliated ATM use in Canada
- Earn rewards for everyday banking
- Unavailable for Quebec residents
- No branch locations outside of Saskatchewan
- Be age 18 or older
- Be a Canadian resident (excluding Quebec)
- Have a SIN
- New members pay a $5 membership fee
- Ding-free ATM use across Canada
- Everyday banking earns cash rewards
The TD Unlimited Chequing Account lives up to its name, offering unlimited transactions and unlimited Interac e-Transfers. At $17.95 per month, it’s a mid-tier bank account that comes with plenty of value, including a generous welcome bonus and the option to receive a first-year annual fee rebate on several TD credit cards—perfect if you like keeping your financial products all at one institution.
- Completely unlimited transactions
- Free ATM withdrawals from any ATM in Canada
- Valuable welcome bonus offered
- Credit card fee rebate included
- Earn 50% more Starbucks stars
- The minimum balance to waive the fee is quite high
- No free cheques or safety deposit box waiver
- High fees for using global ATMs
- Age of majority
- Discounted monthly fee for seniors
- Free unaffiliated ATM use
- Earn 50% more Starbucks Stars
Chexy lets you pay your rent, bills, and taxes with your credit card, earning rewards without changing how your landlord or payees get paid. To pay rent with Chexy, all you need to provide is your landlord's information and credit card details once, and then Chexy automatically charges your card and processes the payment via e-Transfer, Pre-Authorized Debit, or Bill Pay each month.
- Earn credit card rewards on your bills
- No need for your landlord to sign up
- Credit building service
- Credit card fees can get high (depending how expensive your bills are)
- No option for paying with PayPal
- Lack of a mobile app
- Doesn't accept Canadian Mastercards
- Earn cash back or travel rewards, and Aeroplan points on rent, bills, and taxes
- Automated payments & landlord-friendly
- Low fees compared to other services
- Exclusive offers and partnerships (Aeroplan offers)
- Credit-building service add-on










