Looking to switch banks and credit card companies
Currently I'm with Simplii Financial, and while it's sufficient for basic banking needs, there's literally 0% interest rate in the savings account and there aren't any promotions whatsoever. Same situation with the CIBC Costco Mastercard - crappy cashback rates on everything. I'm looking to switch to another bank (both chequing and saving account) and credit card provider.
I always maintain sufficient balance in my account so I can easily avoid the monthly charges on non-free accounts.
- For the chequing account, I heard sometimes the Big 5 gives out a free iPad, conditional on making some transactions. Anyone know usually when these promos occur? Right now I checked all 5 banks and the best offer is a $350 reward
- For the savings account, best interest rate I found so far is RBC's "cashable GIC" account, which to my knowledge is virtually identical to a high interest savings account? Or are there any differences?
- For the credit card, it seems BMO's World Elite MC is alright in terms of cashback. Anyone have other suggestions?
I always maintain sufficient balance in my account so I can easily avoid the monthly charges on non-free accounts.