Central Bank Rate
Bank of Canada Target Rate
Overnight Lending Rate
2.25%
RateBuddy.ca
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Financial Calculators
Estimate payments, affordability, savings and costs
Featured Mortgage Rates.
Featured Cards.
Premium offers from our trusted partners, selected for their exceptional value and rewards.
featured
Annual Fee
$177
Purchase
0.00%
Cash Adv
%
Features:
Good for building or rebuilding credit, Earn cash back on every purchase, High savings interest
featured
Annual Fee
$96
Purchase
19.99%
Cash Adv
22.99%
Features:
Good for building or rebuilding credit, Student Friendly, Newcomer Friendly, World Mastercard Benefits
featured
Annual Fee
$144
Purchase
0.00%
Cash Adv
%
Features:
Good for building or rebuilding credit, Earn cash back on every purchase, High savings interest
featured
Annual Fee
$0
Purchase
19.99%
Cash Adv
22.99%
Features:
No Annual Fee, Everyday Cash Back, Airport Lounge Access, Extended Warranty Insurance, Purchase Security Insurance
RateBuddy Market Insight
Live updates
Mortgage rates, policy rate and prime-rate signals
Current mortgage signals point to a relatively balanced market. With the Bank of Canada policy rate at 2.25%, major bank prime rates around 4.45%, and the 5-year Government of Canada bond yield near 3.0%, fixed-rate pricing appears fairly stable while variable rates remain closely tied to prime. The current spread between average 5-year fixed rates near 4.30% and average 5-year variable rates near 3.68% gives borrowers a real decision point: fixed rates offer payment certainty, while variable rates may offer lower starting costs if they are comfortable with rate movement. Unless bond yields move sharply higher or the Bank of Canada changes direction, fixed rates may stay range-bound in the near term, while variable-rate offers will likely remain anchored to prime. This is a good environment to compare lenders, test payment scenarios, and decide whether stability or flexibility matters more for your mortgage plan.
Market Snapshot
Bank of Canada Policy Rate
2.25%
5-Year Bond Yield
3.15%
Avg. 5-Year Fixed Rate
4.30%
Avg. 5-Year Variable Rate
3.68%
Canadian Prime Rates
RateBuddy Quant Engine
SYNCING...
The Fair Value Mortgage Index
We track the mathematical floor of the Canadian economy in real-time to expose exactly how much profit banks are baking into today's rates across the macroeconomic cascade.
System Status
Live Market Sync
Current 5-Yr Bond Yield
--%
Live Street Avg
--%
Actual Lender Spread
--%
Historical Standard Spread
1.50%
Calculating algorithmic spread divergence...
Anatomy of Today's Rate
We believe in total transparency. Fixed mortgage rates aren't arbitrary—they are built by taking the "wholesale" cost of money and adding a markup.
This chart visualizes exactly how today's average street rate is constructed, comparing the raw wholesale cost of capital against the standard retail margins lenders aim for.
Global Transfers
Check FX rates for popular destinations.
Stop overpaying the banks.
Compare live exchange rates instantly. See exactly who offers the cheapest, fastest, and most secure way to send money overseas today.
Featured Bank Accounts
View All Accounts →
Featured
KOHO
Account Details
Monthly Fee: $22.00
Interest Rate: 3.50%
Special Offer
Join KOHO’s 10 Years of Groceries Giveaway for a limited time. New users who sign up and fund their KOHO account can be entered for a chance to win $500/month for 10 years — a total prize value of $60,000. Contest ends July 31, 2026. No purchase necessary. Terms apply.
Key Features
- No Foreign Transaction Fees
- Earn interest
- Discount on Credit Building
- Early Payroll Direct Deposit
Featured
KOHO
Account Details
Monthly Fee: $18.00
Interest Rate: 2.50%
Special Offer
Join KOHO’s 10 Years of Groceries Giveaway for a limited time. New users who sign up and fund their KOHO account can be entered for a chance to win $500/month for 10 years — a total prize value of $60,000. Contest ends July 31, 2026. No purchase necessary. Terms apply.
Key Features
- No Foreign Transaction Fees
- Earn interest
- Discount on Credit Building
- Early Payroll Direct Deposit
Featured
KOHO
Account Details
Monthly Fee: $22.00
Interest Rate: 3.50%
Special Offer
For a limited time Join KOHO’s 10 Years of Groceries Giveaway. New users who sign up and fund their KOHO account can be entered for a chance to win $500/month for 10 years — a total prize value of $60,000. Contest ends July 31, 2026. No purchase necessary. Terms apply.
Key Features
- No Foreign Transaction Fees
- Earn interest
- Discount on Credit Building
- Early Payroll Direct Deposit
Featured
Neo Financial
Account Details
Monthly Fee: None
Interest Rate: 3.00%
Special Offer
Earn 3%* interest to grow your savings. Reach your savings goals faster.
Key Features
- No Monthly Fees
- Unlimited Transactions
- Joint Account Option
- No minimum balance
Find Your Buying Power
Get a quick estimate of the mortgage you could qualify for based on key lending rules.
Your Financial Snapshot
$
$
$
$
You Could Qualify for a Mortgage Of Approx.
$0
Gross Debt Service (GDS)
0%
(Housing costs vs. income)
Total Debt Service (TDS)
0%
(All debts vs. income)
Lender guideline: GDS should be below 39%, TDS below 44%.
Compare All Rates
Ready to dive deeper? Use our powerful explorer tools to compare the top rates for the most popular fixed and variable terms.
Fixed Rate Terms
For stability and predictable payments.
Variable Rate Terms
For flexibility and potential savings.
Your Foundation for Financial Success
Three expert tips to help you save money and make smarter choices across our most popular categories.
Mortgages
Protect Your Credit Score
Your credit score is the single most important factor in getting the best mortgage rates. Always pay your bills on time and keep your credit card balances low. A strong score can save you tens of thousands over the life of your loan.
Credit Cards
Match the Card to Your Life
Don't just chase the biggest welcome bonus. The best credit card is the one that rewards your actual spending habits. If you spend a lot on groceries, find a card with a high grocery multiplier. This strategy will earn you far more rewards in the long run.
Savings Accounts
Automate and Separate
The two keys to successful saving are automation and separation. Set up automatic transfers to a high-interest savings account at a separate online bank. When your savings aren't mixed with your daily chequing, you're far less likely to spend them.
POWERED BY RATEBUDDY SMARTMATCH™
Precision loan matching, engineered for you.
Connect with top Canadian lenders. Our matching algorithm analyzes your profile to find the optimal personal, auto, or consolidation loan without the guesswork.
Secure & Private
No Credit Score Impact
Instant Rate Comparisons
Algorithm Status
Active
Filtering Lender Database
Processing
Optimal Match Found
98.4%
Match Score
Alternative Option
87.1%
Match Score
Securely Scanning Lenders
Take Control of Your Debt
High-interest debt can be a heavy burden. See how a balance transfer can provide relief and savings.
Use this tool to get a clear estimate of what you could save. No guesswork needed.
How Much Could You Save with a Balance Transfer?
Estimate your savings by moving high-interest credit card debt to a low-rate offer.
Your Current Debt
$
%
New Card's Offer Details
%
Months
%
Your Savings Breakdown
Potential Savings...
$0
Est. Interest Paid...
$0
Total New Offer Cost...
$0
Your Financial Questions, Answered
Clear, transparent insights to navigate Canadian financial decisions with confidence.
Financial Clarity
What does Ratebuddy do?
Ratebuddy is a financial empowerment platform. We provide free, unbiased tools and comparisons to help Canadians make smarter financial decisions. Whether you're looking for a mortgage, a new credit card, or a high-interest savings account, our goal is to give you the clarity and confidence you need to choose the best product for your situation.
Financial Clarity
How do I get the best mortgage rate?
Getting the best rate involves more than just looking at the lowest number. It's a combination of having a strong credit score (typically 680+), a solid down payment, and comparing offers from a wide range of lenders, including big banks, credit unions, and monoline lenders. Our tools help you see the full picture and connect with professionals who can shop the market for you.
Financial Clarity
What should I look for in a credit card?
The best credit card depends entirely on your spending habits. If you have a long commute, a card with high rewards on gas might be best. If you're a frequent flyer, a travel rewards card is ideal. If you carry a balance, a low-interest card will save you the most money. The key is to match the card's reward structure to your lifestyle.
Financial Clarity
How can I find the best savings account?
The best high-interest savings accounts are often found at online-only banks or digital credit unions. Because they don't have the overhead costs of physical branches, they can pass those savings on to you in the form of higher interest rates. Look for accounts with no monthly fees and a promotional rate that is competitive and sustainable.
Financial Clarity
Are your tools and comparisons free?
Yes, completely. Our goal is to empower all Canadians with free access to high-quality financial tools and information. We believe that everyone deserves the ability to make informed decisions about their money. Our calculators, guides, and comparison tables are always free to use.
Free Expert Guide
Master Your Mortgage
From your first down payment to advanced refinancing strategies, our comprehensive 2025 guide is the only resource you need to navigate the Canadian mortgage landscape with confidence.
Read the Ultimate GuideLook Beyond the Rate
The interest rate you're offered is the result of powerful economic forces. Understanding these key factors gives you the confidence to know when it's the right time to lock in a great deal.
Your Journey to Financial Clarity Starts Here.
Whether you're looking for a mortgage, a new credit card, or a better savings account, our tools and comparisons are designed to help you make confident financial decisions.
Find your perfect credit card in seconds.
No endless spreadsheets. Just tell us what you spend and what you want. We'll handle the math.
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