BankTips.ca

Simple Bank Advice

If you are buying a car and cannot decide between taking the cash rebate or the discounted borrowing rate, then check out this RBC calculator. Simply enter four numbers and the calculator will calculate the cost of borrowing for both options. Simply pick the option with the lowest total obligation. Click here...

The calculator can't help you decide whether to liquidate your invstments or take the discounted borrowing rate. Otherwise, it works for me.

Check out the non-bank investment calculators. Some are truly awesome!. More info...

Canadian Mortgage Calculators

Remember, different jurisdictions use different compounding frequencies to calculate mortgage payments. My simple bank advice is to always use Canadian calculators when in Canada. The same applies to Loan calculators.

1. RBC mortgage affordability calculator
2. Scotia Bank mortgage calculator
3. BMO mortgage calculator
4. HSBC mortgage calculator
5. TDCanada Trust mortgage navigator calculator will help you choose the right mortgage.
6. CIBC mortgage refinance calculator calculates a new blended interest rate
7. Laurentian Bank mortgage calculator
8. National Bank mortgage calculator and borrowing capacity calculator

Canadian Loan Calculators

1. RBC loan calculator
2. Scotia Bank
3. BMO
4. HSBC
5. TDCanada Trust debt management calculator. Worth a look!
6. CIBC
7. Laurentian Bank

Investment Calculators

1. How to ladder your GICs. Another good way to reduce interest rate risk.

 

Interesting Personal Finance calculators

1. Rent versus own your home.
2. Mortgage Insurance Calculator
3. Air Miles Calculator
4. Student Budgeting Calculator
5. Calculate how much of a mortgage you can afford
6. Home Free faster calculator. It shows how different payments affect your mortgage principal.
7. Net worth and Cash Flow calculators

 

Best Buys in Basic Banking

Check out the best deals in basic banking services. Do all the banks offer the same deals? No way. A review in December clearly found a winner. Full story...