Hello folks,

This is my first post here. I was just wondering what kind of online services you would be interested in seeing a Canadian alternative for?

Thanks

  • lost_faith@lemmy.ca
    2·
    4 days ago

    Banks used to pay us interest.

    lol, I get $0.01 on over 1k in a savings account, yeah used to get more. wondering what the point even is anymore

    • BCsven@lemmy.ca
      2·
      3 days ago

      Credit Union had a good deal last year, start moving money into savings and they’d give you bonus interest on top of regular for 6 months. Wasn’t bad $125 interest a month as we build savings up

    • rxbudian@lemmy.caEnglish
      2·
      3 days ago

      +1 for Wealthsimple but if I’m not going to get anything from my savings, I use Credit Unions. They’re generally focused on local businesses

    • paperBark@slrpnk.netEnglish
      3·
      3 days ago

      Shop around for a better rate? Most of the offerings from big banks are literal trash like .01% or something.

      Wealthsimple is Canadian for example and has a few % on their base savings account, goes up with amount in the account. It was up around 4% before the fed bank rate got cut multiple times. Every time the BoC cut the bank rate they cut the interest on their savings acc a proportional amount but atleast you still get like 30x what big banks give.