Attention Fellow Savers! DUCA has decreased its “earn more” promotional offer and is now offering 5.25% interest for new money deposits into its high interest savings account. Note that this promotional rate is subject to change at any time. For more details click here For a list of all savings accounts we follow, click here The post High Interest Savings Deal Alert: DUCA Offering 5.25% [was 5.50]% appeared first on Mr. Thrifty Canada - Save More. Make More. Live Bigly ..read more

Attention Fellow Savers! DUCA has increased its “earn more” promotional offer and is now offering 6.25% interest until January 31, 2024 for new money deposits into its high interest savings account. For more details click here For a list of all savings accounts we follow, click here The post High Interest Savings Deal Alert: DUCA Offering 6.25% appeared first on Mr. Thrifty Canada - Save More. Make More. Live Bigly ..read more

Attention Fellow Savers! SBI Bank Canada is offering a one-year non-redeemable USD GIC which pays 6% interest. We believe this to be the highest yielding one-year, non-redeemable USD GIC in Canada. SBI Bank Canada is wholly owned by State Bank of India, one of the largest banks in India, and is a member of the CDIC. Remember, USD deposits are now covered by CDIC insurance. SBI was not a bank on our radar – we only learned of its competitive USD GIC rates through reader feedback. If you notice a competitive financial product that you would like to bring to the attention of the Thrifty community ..read more

Attention Fellow Savers! CIBC is offering a promotional interest rate of up to 5.50% for the first 120 days for new customers opening an eAdvantage Savings Account. We’re going to slap two warning labels on this attractive offer: the rate consists of (a) a regular interest rate ranging from 0.40% to 1.80%, depending on account balance, (b) a “smart interest rate” of 0.50% when you save at least $200 per month and (c) a bonus rate of 3.40% (so make sure you remember when it ends); and there are no free transactions (with limited exceptions for transfers to other CIBC accounts) so this offer ma ..read more

Attention Fellow Savers! Manulife Bank is offering 5% for the first 4 months on new deposits to a newly opened Advantage Savings Account. Like other Manulife Bank promotional offers, this offer consists of a special variable rate added to Manulife Bank’s regular interest rate – if the regular interest rate decreases, so will the “all in” promotional rate. Wondering what features to look for in a promotional offer? Click here For further details, click here. For a listing of all the high interest savings accounts we follow, click here The post High Interest Savings Deal Alert: Manulife Bank Off ..read more

In our article about The Best Bank Accounts for Newcomers to Canada, we cover the eligibility requirements and key considerations for opening a bank account if you’ve recently arrived in Canada as an immigrant, work permit holder, or permanent resident. While new online-only banks are a compelling option, in many cases new Canadians maintain banking relationships with their country of origin and are more frequent users of international transfer and in-branch services. That sets their requirements apart from other consumers. And that’s partly why many banks offer specific banking packages for n ..read more

Attention Fellow Savers! CIBC is offering a promotional interest rate of up to 5.00% for the first 120 days for new customers opening an eAdvantage Savings Account. We’re going to slap two warning ln this attractive offer: the rate consists of (a) a regular interest rate ranging from 0.40% to 1.60%, depending on account balance, (b) a “smart interest rate” of 0.50% when you save at least $200 per month and (c) a bonus rate of 3.10% (so make sure you remember when it ends); and there are no free transactions (with limited exceptions for transfers to other CIBC accounts) so this offer may be be ..read more

Deposits placed with Canadian regulated banks and credit unions are generally insured by the Canadian Federal Government or a Provincial Government, depending on where the bank or credit union is organized. Federal Deposit Insurance: Canada Deposit Insurance Corporation Deposits placed with Federally regulated banks are insured by the Canada Deposit Insurance Corporation (CDIC).  Deposits placed with Provincially regulated banks or credit unions are guaranteed by Provincial governments.  The terms are conditions of the insurance or guarantee vary by government agency.  CDIC, for ..read more

Attention Fellow Savers! EQ Bank, a Thrifty favorite, is running a limited-time promotional offer: 5.00% on its 1-year GIC. You need to be an account holder first, though. And, really, if you have been following our Guide to High Interest Savings Accounts, shouldn’t you already have an EQ Bank Savings Plus Account? The post [Updated] Deal Alert: EQ Bank Offering 5.00% on its 1-year GIC appeared first on Mr. Thrifty Canada - Save More. Make More. Live Bigly ..read more

Attention Fellow Savers! Simplii has a new promotional offer for its high interest savings account: 5.00% on new deposits by new customers until January 31, 2023. For more details click here To see the promotional and non-promotional rates we track click here Curious about how to evaluate a promotional offer? You may want to read our article. The post [Updated] High Interest Savings Deal Alert: Simplii Financial Offering 5.00% [was 4.75%] appeared first on Mr. Thrifty Canada - Save More. Make More. Live Bigly ..read more