CIBC had no choice but to follow suit and join the other 4 major banks in their recent rate discounts. Now all 5 major banks are offering great pricing to the Canadian mortgage market, only further benefiting consumers and helping to retain their rate savvy customers.
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We looked at the Best of the Best for Chequing Accounts and the Best of the Best for Savings Accounts, now we’re reviewing the bank websites and their special educational content. All the big five banks include details about their various accounts, current mortgage rate info, tools like mortgage calculators and budget planning strategies, branch locators, and a search function to help you find what you’re looking for. But not all sites are created equal. Here’s what I think about each of the sites and their special features.
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Opening up a no-fee bank account sounds like a no-brainer. And, in a lot of cases it is. You just need to be aware of some of the restrictions and fine print. Here’s a rundown of the pros and cons of not using a traditional bank.
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CIBC was the second bank to move today and increase their fixed mortgage rates after the recent run up in Government of Canada bond yields. Mortgage lenders were expected to move rates higher to get their spreads back in line …
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This week, all of the big banks have announced decreases to fixed mortgage rates. RBC was the first one to drop rates by 10 basis points, quickly followed by Scotiabank, TD and BMO. CIBC announced today that they would follow suit as well. This puts the popular 5 year fixed rate at 5.29%
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