Line of Credit

Line of Credit: prime rate, base rate, variable rate

Line of Credit: prime rate, base rate, variable rate

Recently, I went to Bank of Montreal to apply a line of credit. I thought the prime rate was pretty low currently at 2.25%, so perhaps it would be a good time to apply for LOC. However, I was wrong. When I got the reply from BMO, the financial officer told me that if...

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Canadian High Interest Rate Savings Accounts

Each month I put away all my remaining money into some kinds of savings accounts until I need to use it. Instead of locking...

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