Simply put, those that compare save. By comparing products like-for-like across the Canadian market, you can find the best option for your needs - and that can save you money. Finding your best rate can help you see through hidden fees, save on interest payments, even boost your savings. Over 2.5 million Canadians have compared the market on RateSupermarket.ca to find the best mortgage rates, credit cards, bank accounts, savings accounts, GICs, and insurance quotes.
RateSupermarket.ca's comparison engine compares 100+ lenders across Canada. These lenders include mortgage brokers, credit unions and specialty lenders as well as big banks, to provide the current best rates on the Canadian market - and they may not be offered by a bank.What is the difference between a fixed and variable mortgage rate?
A fixed mortgage rate is 'locked in' for a set period of time, known as the Mortgage Term. A fixed mortgage rate will not change during this time period. Your monthly mortgage payments will remain consistent with a fixed mortgage rate.
A variable mortgage rate is based on the lender's prime rate, and will fluctuate along with the market. Your monthly mortgage payments may be higher or lower than when you signed up for your mortgage.
The most popular mortgage rate is a 5-year fixed.
Your spending habits and needs are unique - so your credit card should be too.
Low Interest: If you tend to carry a balance, a low interest credit card can save you on interest payments.
Rewards Card: If you pay your balance in full each month, a rewards credit card is a great option to get rewarded for your spending.
Low Balance Transfer: If you're trying to pay off your credit card debt, a low balance transfer credit card is a great choice as more of your payments will go towards your principal - instead of towards your interest.
Build Credit Score: If you have poor credit, or are looking to build your credit a secured credit card or guaranteed credit card will help you build your credit score.What is a rewards return?
Not all credit cards are created equal, and neither are rewards. Whether you're looking for points, miles or cash back, the Rewards Return calculates the percentage of cash return, so you can compare rewards cards, like for like.
A Guaranteed Income Certificate is an investment vehicle that requires you to invest your money for a specific length of time (the GIC term) in exchange for interest on your savings.What's the difference between a GIC and a high interest savings account?
GICs: A Guaranteed Investment Certificate (GIC) is a savings option where you agree to invest your money for a certain amount of time in exchange for interest. GICs typically offer higher rates since your money is generally locked in.
High Interest Savings Account: A savings account that is a short term savings solution. It's a great option to save for a small financial goal (like a vacation), or setting aside an emergency fund
Select "Life Insurance" from the tabs above. From there, select:
Insurance Term: the length of the time that the insurance policy will provide coverage.
Insurance Coverage: the amount of protection.
Age: your age.
Sex: your gender.
Smoker: if you currently smoke or not.
From there, RateSupermarket.ca will compare over 20 of Canada's top life insurance companies to find you a list of life insurance quotes based on those details.
The best type of coverage depends on your needs and personal situation.
Term life insurance is often used to cover temporary financial commitments including mortgages, business loans, or personal loans.
Permanent life insurance is generally used to provide financial support to the beneficiary in the event of the death of the policy holder. The money from this policy is often used for funeral expenses, estate taxes, and to sustain the income of the beneficiary.
Once you find a rate you're interested in (or if you have any questions about that product), fill out your contact details and we'll connect you with a specialist with that provider to get in touch with you.
Note that call back requests aren't available for credit cards.Is my personal information secure?
All of your information is passed using SSL (Secure Socket Layer) protocol to keep your personal information secure. We are Norton Secured powered by VeriSign.Am I obligated to commit to a rate?
Absolutely not. Requesting a call back is free for your convenience and is at no obligation to you.How much does this service cost?
This is a FREE service that RateSupermarket.ca provides to Canadians.How long will I expect a call back?
You should expect to get a call back within one business day.