Are you tired of traditional banking that offers minimal returns on your savings while charging fees for everyday transactions?

If you’re looking for a better way to manage your money, there are options that provide the flexibility of both chequing and savings accounts—without the usual hassles. Whether you’re paying bills, making purchases, or saving for something special, there are accounts designed to give you the best of both worlds.

Let’s explore how these banking solutions can streamline your financial experience and help you achieve your financial goals.

Manulife Advantage Account

This account is super flexible and acts as both a chequing and savings account. Right now you can get 2.35% interest on all your deposits, with no minimum balance required.  Not bad when you compare it to the big banks, most of whom pay a fraction of a percent. You can even use it for everyday banking, like paying bills or making purchases, while still earning interest. It’s perfect if you want easy access to your funds without having to transfer money between different accounts.

It’s especially useful if you want an account that does it all. As long as you keep at least $1,000 in the account, you get unlimited free transactions. That’s right, it’s basically a no-fee chequing account. And, because it’s connected to thousands of ATMs, you can access your cash in a pinch without fees if you meet the balance requirement​.

CLICK HERE to learn more about the Advantage Account. 

To open an account through me CLICK HERE.

Note that by using this link I will be the advisor on your account and be able to view information like your posted rates and account balance. I will not be able to view your transactions, those remain confidential. Also if you open an account through me I will receive a small commission. 

EQ Bank Notice Accounts

If you’re saving for something down the line and don’t need immediate access to your cash, EQ Bank’s Notice Accounts might be more up your alley. You can choose between the 10-day notice account (earning 4.00%) or the 30-day notice account (earning 4.25%)​

 The catch is you have to give notice before you can make a withdrawal—either 10 or 30 days, depending on which account you choose.

This account works best if you’re building an emergency fund or saving for something big, like a vacation or home renovation. You won’t have instant access to your money, but the higher interest rate makes it worth it for planned savings. Just make sure you keep some funds immediately accessible for when those surprise expenses crop up. 

Both accounts offer variable interest rates, meaning the rates can change depending on the market. It’s always a good idea to keep an eye on the rates or check in with the bank from time to time.

CLICK HERE for more information. 

When to Use Each Account

• Manulife Advantage Account: Ideal for everyday use and short-term savings, where you need quick access to your money while still earning some interest. Think of it as your all-in-one account for day-to-day banking and saving.
• EQ Bank Notice Accounts: Best for longer-term savings goals, where you can afford to wait a little to access your cash. If you know you won’t need the money for at least a month or two, you’ll benefit from the higher rates.

Better Rates with a Financial Advisor?

One thing to keep in mind is that sometimes, working with a financial advisor can help you snag even better rates. Advisors often have access to exclusive accounts or investment products that aren’t available to the public, or they can help you create a savings strategy that balances liquid and higher-return accounts. As of this writing I have access to some High Interest Savings funds offering 3.75% with no notice. The only potential downside is that when you need to take some money out, you’ll have to contact me, but that could also be an upside if you have a tendency to spend your savings and having to go through me would create an extra barrier to indulging a bad habit or impulse buy. 

Make the Smart Move for Your Finances

Whether you’re looking for flexibility in your daily banking or a strategic approach to saving for future goals, these options offer customized solutions to meet your financial needs. With competitive interest rates and minimal fees, you can feel confident that your money is working as hard as you do.

If you’re ready to take control of your finances and explore these banking accounts further, don’t hesitate to reach out or click on the links provided.

Your financial goals are within reach, and I’m here to help you every step of the way!