Banks and different monetary service suppliers typically have promotional gives for brand spanking new account holders, akin to a excessive rate of interest or a money bonus. To qualify, nonetheless, you could have to satisfy sure necessities. Right here’s what to concentrate to if you search for a brand new financial savings or chequing account.

Video: Promotional charges: What to search for within the wonderful print

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Watch extra MoneySense movies:

  • The way to open a checking account
  • The variations between a TFSA and RRSP
  • Why you want a USD account
  • The way to ship cash internationally

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