I've been meaning to open a proper savings account for a while now — something more serious than just letting money sit untouched in my checking account. Lately, I’ve heard good things about credit unions offering better terms than traditional banks, and it got me thinking: maybe that’s the direction I should be looking in.
So here’s my question to the community — does anyone have experience with a Canadian credit union that’s trustworthy and helpful when it comes to setting up a savings account?
If you’re planning to open a solid savings account in Canada, it’s smart to look for options that offer low fees, high interest rates, and easy international transfers—especially if you’re an international student managing expenses abroad. For instance, many students studying in the UK who’ve already arranged their student accommodation in Newcastle find it helpful to open a Canadian savings account that allows seamless transfers from their UK accounts. This way, you can save on currency conversion fees and keep funds ready for tuition, housing, or travel. Banks like Scotiabank, RBC, and TD offer great student-friendly savings options with perks such as no monthly fees and welcome bonuses for newcomers, which can make managing finances across countries a lot easier.