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.
