EQ bank has one of the best High Interest Savings Accounts (HISA) with an interest rate of 1.25%. Most traditional banks such as TD or CIBC will only give you a rate of about 0.05%.
I use my EQ bank account to store my Emergency Fund in cash so I can access it whenever I want.
Use the following affiliate link to get $20 when you open up your own EQ Bank Account.
Simplii Financial is an online bank affiliated with CIBC. Unlike most traditional accounts such as CIBC/RBC/TD, there are $0 fees and no minimum balances.
I use Simplii’s 100% free chequing account for my day-to-day transactions, and Simplii’s cash-back visa to get 2% cash-back on bars & resturants.
Use the following affiliate link to get $50 when you open up your own Simplii Chequing or VISA card.
Wealthsimple Invest is a ROBO advisor. The robo advisor will invest your money in passive investments for a small management fee. This option is the best for beginner investors because it’s the easiest to get started.
Use the following affiliate link to get up to $10,000 managed for free when you open up your own Wealthsimple Invest Account.
Wealthsimple Trade is a self-managed investing account to buy stocks/bonds. This is Canada’s only $0 commission-free investing platform.
This acccount is best for intermediate investors, since it requires investing knowledge to evaluate and choose individual stocks.
Use the following affiliate link to get 2 free stocks when you open up your own Wealthsimple Trade Account.
Questrade is my main investing platform that I use.
Unlike Wealthsimple Trade, you can hold money in both USD and CAD which is helpful if you plan to buy and sell stocks in USD.
Use the following affiliate link to get $25 when you open up your own Questrade Account and invest $1000.