saving account
BMO-saving builder
monthy fee
15.95 or min if you have $4000 at all times
interest rate
0.050%
up to $250,000.00
0.35%
up to $250,000.00 when you increase your balance by $200.00 or more per month
0.050%
$250,000.01 and over
transactions allowd per month
unlimited
requirement per minimum balance
$0 with min $4000
additional fetures
Up to $40 rebate on the annual fee for eligible BMO credit cards
OnGuard®* Identity Theft Protection at no charge
Free US dollar Savings Account
incentives
Get accounts for family members without paying an additional monthly fee
Up to $40 rebate on the annual fee for eligible BMO credit cards
OnGuard®† Identity Theft Protection at no charge
Unlimited transactions
500x0.050%x3=$75
compound interest =$5.28
Scotiabank-momentum savings account
monthy fee
$16.95/month or $0 if you have the requirement for min balance daily
interest rate
1.80%
transactions allowed per month
unlimited debit transactions allowed
requirement for minimum balance
the requirement is $4000 min daily closing balance
extra charges
paperless
no charge
paper statement
$2.25/month
Paper Statement with Cheque Image Return
$2.50/month
additional features
earn up to 1.75% on your momentum plus savings account
incentives
$300 bonus when you open a savings account
500x1.80%x3=$2700
compound interest=$28.51
RBC-everyday savings
monthy fee
there is no monthly fee on a savings account at RBC
interest rate
0.05% with $999.99 and under $1000 and over 0.010%
transaction's allowed per month
1 free debit per monthly cycle
requirement per min balance
min balance is interest rate
extra charges
no extra charges
additional features
Zero liability for fraudulent or unauthorized charges (provided you have taken reasonable precautions to protect your PIN and your card as set out in your cardholder agreement)
A descriptive monthly account statement to help you analyze your spending patterns
incentives
Save without lifting a finger. NOMI Find & Save automatically sets aside money you won’t miss
Get the perfect account with our Right Account Guarantee™—or we’ll refund your monthly feeslegal bug*
Snap a picture to add a payee and pay your bills the easy way with mobile bill pay
Misplaced your card? Lock it instantly right from the RBC Mobile app. Unlock it easily, too
Take your pick of accounts—from high interest savings to a range of chequing options
Limited Time Offer: Get Apple AirPods with Charging Caselegal bug7 when you open an eligible bank account
500x0.05x3=75
compound interest =$0.75
checking account
BMO
Scotiabank
monthly fee
$30.95
interest rate
earn up to 1.85%
transactions allowed per month
unlimited debit transaction's
requirement for min balance
no requirement
extra charges
no extra charges
additional features
Up to $139 annual fee waiver each year on select credit cards
incentives
$300 opening bounus
RBC
monthly fee
$4.00
depends on the money in account
no interest rate
transactions allowed per month
12 free transactions allowed per month
requirement for min balance
no requirement for min balance
extra charges
safety deposit box personalized cheques are both (optional)
incentives
air pods when you open the account