What type of bank should you stash your cash in?

MAKE AN INFORMED BANKING DECISION   Deciding where to open a bank account, invest your money or apply for a mortgage can be an overwhelming process with more than the traditional banking options available. While the Big 5 banks in Canada are a common option for many, depending on your situation you may find that other financial institutions may be a better fit for your banking needs.   Assess your needs   What are you setting out to do? Are you a new business owner, looking to invest, applying for a mortgage, opening a savings account or are you just looking for day-to-day banking? Decide what banking options are most important to you. Before you start out on your search make notes as to what is most important to you when it comes to your banking needs. This will help to ensure that you will make the best decision that you will continue to be happy with. Some major factors to consider are the availability and quality of customer services, accessibility to your money, convenience and the fees associated with your banking.   Traditional banks   The Big 5 banks in Canada include Royal Bank of Canada, Toronto-Dominion, Bank of […]

%d bloggers like this: