Category Archives: Banks

Mortgage Broker or Banker?

Mortgage Broker

So you’ve just gone out and looked at approximately 285 houses, finally deciding on that perfect place. Now comes what’s arguably the hardest part of the home buying process, which is getting financing for the thing. Of course, you can just avoid this whole process completely by paying cash for the house, but who has…

Tips For Growing Your High Interest Savings Account

Calculating Interest Rates

Do you have or are considering opening up a high interest savings account? High interest accounts are a great addition to your financial portfolio and allow you to earn money while saving. To make sure you get the most out of your account, here are some key tips to follow : Find the Highest Interest…

When Greed Is Not Good

The following excerpt on greed is from The Meltdown Years, written by Wolfgang Munchau and published by McGraw-Hill. Some people always get worked up when they hear that some banker earns dozens of millions of dollars a year. It is difficult to imagine that the endeavor of any human being, let alone a banker, could…

The Pros and Cons of a Local Credit Union

I remember the day I got my first bank account. My mother and I went to our bank, where I stood so short I could barely see the top of the counter, let alone the person sitting behind it. I hugged my mother’s leg while she talked about things I didn’t understand, but I did…

How To Protect Your Online Banking Info

Banking online can make bill payments convenient and keeping track of your finances a snap. However, you should be aware of what software you can use and what choices you should make to keep your financial data secure. The first step towards online security should be making sure you have an anti-virus program installed and…

Canadian Banks Fined For Selling Asset-Backed Commercial Paper (ABCP)

Some of Canada’s largest banks have agreed to pay fines totaling close to $140 million relating to their involvement in the sale of Asset-Backed Commercial Paper (ABCP) in the summer of 2007. I wanted to look into this to see what was it exactly that the banks did and why was it wrong? Image by…

Forgot About An Old Bank Account? Find Your Money!

Have an old bank account that you never actually closed? Or maybe a relative died and you’re unsure if all their accounts were located to be given to those mentioned in their will? Luckily there is a simple way to search for money left in unclaimed bank accounts. Canadian banks will hold the balance on…