Comparing Top Bank Websites and Special Features

Comparing Top Bank Websites and Special Features

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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Fixed Mortgage Rates Drop

Fixed Mortgage Rates Drop

Last week we saw a few of the big banks lower their posted fixed mortgage rates by roughly 10 basis points (or 0.10%). The move was lead by RBC, and this week the remaining lenders followed suit. The popular posted 5 year fixed rate went from 5.59% to 5.49%. This means that starting on June 6th the new qualifying rate will be 5.49%.
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A Look at Different Mortgage Products

A Look at Different Mortgage Products

It seems that the major banks come up with a new and different mortgage product all the time. While it’s good that they’re trying to create new products for different types of consumers, the products themselves aren’t always easy to understand. Let’s take a closer look at two unique products, a blended mortgage and a rate capper mortgage.
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