[Note: The following post was originally published on May 18, 2010. Recently, I noticed that TD Waterhouse now offers a lot more high interest savings accounts than they used to and I have extensively revised and updated the original post with new information. I intend to keep this post current, so feel free to have [...]
It is a mystery to me why Ally, which consistently offers better savings and GIC interest rates isn’t as popular as ING Direct. Take high-interest savings accounts: Ally has long offered a 2.0% interest rate compared to ING Direct’s 1.5%. And here’s how Ally’s GIC rates compare with ING Direct: Ally ING Direct 1 Year [...]
We’ve been Bell Internet customers for a long time. In the past, I’ve considered leaving Bell but whenever I grumbled about high prices, Bell almost always offered a discount on the regular rate. The catch is the discounts are offered for a limited time (six months or one year) and when the deal expires, you [...]
A friend who lives here in Ottawa recently reported that she saved big on a recent vacation to Miami by flying out of Syracuse. The plane ticket on jetBlue from Syracuse to Miami for my friend and two of her family members cost her $650. The best prices she could find for flying out of [...]
There is yet another entrant in the already crowded online savings accounts marketplace. A tiny Manitoba-based credit union has started offering online savings accounts, term deposits, TFSA savings account and TFSA term deposits under the Hubert brand through the website happysavings.ca. The savings account offers an interest rate of 2.25 percent and the 2- to [...]
While avoiding waste and conserving resources is a very good thing, the conservation lobby often exaggerates the pay off from conservation efforts. A case in point is a recent column in The Ottawa Citizen, in which Stuart Hickox of Project Porchlight suggested that Ontario residents who are facing steep increases in their hydro rates (See [...]
It has been long speculated that ING Direct will introduce a no-fee chequing account to complement its existing high-interest savings accounts and Streetwise mutual funds. The announcement today that ING Direct is launching THRiVE, a new no-fee chequing account makes that speculation a reality. THRiVE, which ING Direct is hoping to have up and running [...]
Scotiabank has launched a campaign called Let the Savings Begin to encourage Canadians to save more. The bank says its market research found that saving an additional $1,500 would improve the financial well-being of 72 percent of Canadians and it has designed a campaign to do just that. It’s not just empty words — the [...]
It is quite common for homeowners to rent their hot water heaters here in Ontario. The rentals cost anywhere between $15 for an old tank to $20 or more for a new one. Years ago, we stopped renting our old water heater and I’ve been meaning to replace it for a while now. But, what [...]
Many readers are clearly uncomfortable parking their savings with Ally (See Ally: A Good Choice For Savings Accounts) because even with CDIC coverage they are concerned with GMAC ownership of Ally. They would like to avoid Ally because, after all, a cash account should provide peace of mind, not sleepless nights over whether money is [...]
