Is Canadian Tire Bank legitimate?

While Its primary purpose is to market the Triangle™ credit cards, Canadian Tire Bank also provides other banking products such as high interest savings account, GICs and TFSA. The bank is CDIC insured so you can be rest assured that your money has one of the best protection available to deposits in Canada.

Is Canadian Tire Bank a real bank?

Canadian Tire Services Ltd.

(CTSL), doing business as Canadian Tire Bank (French: Banque Canadian Tire), is the financial services subsidiary of the Canadian Tire retail chain. The bank is based in Oakville, Ontario, and has additional business operations in St. Catharines and Welland (which are also in Ontario).

Is Canadian Tire Bank Any Good?

Canadian Tire Bank High Interest Savings Account

With a savings interest rate of 1.25%, this HISA is one of the best you will find in Canada as of today. Its features include: No monthly account fees. No minimum balance or lock-in period.

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What bank does Canadian Tire use?

As the financial services arm of Canadian Tire Corporation, Limited, Canadian Tire Bank (CTB) is primarily engaged in marketing the Triangle™ credit card portfolio and currently has four million cardmembers. In addition to this, CTB provides High Interest Savings Accounts, GICs and Tax Free Savings accounts.

Is Canadian Tire Bank Insured?

Canadian Tire Bank, a CDIC insured deposit institution, offers a competitive high interest savings account, with a rate that makes it worthy of inclusion on our recommended list.

Can you still use Canadian Tire money?

Paper Canadian Tire Money is still available for Cash / Debit purchases at Canadian Tire retail stores and Gas+/Essence+ sites outside of New Brunswick and Nova Scotia for non ‘My Canadian Tire Money Members’ or when proof of membership is not presented.

Is Canadian Tire a Canadian owned company?

Canadian Tire Corporation, Limited is a Canadian retail company which operates in the automotive, hardware, sports, leisure and housewares sectors.

Does Canadian Tire have a bank account?

Being nice to your money is fast, easy and rewarding.

With our High Interest Savings account, GICs and Tax Free Savings account – provided by Canadian Tire Bank – our goal is to change how you feel about banking. What’s more, YOU get to choose how YOU want to bank with Canadian Tire Bank. It’s pretty straightforward.

Does Canadian Tire Bank have an app?

Collecting made easier. Use the app to scan your card in store at Canadian Tire, Sport Chek, Atmosphere, Mark’s/L’Équipeur, Party City, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey and participating Sports Experts stores and watch your CT Money roll in.

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What is the interest rate on Canadian Tire MasterCard?

Compare Canada’s best Canadian Tire credit cards

Card Best used for Annual fee
Featured Triangle™ Mastercard® Canadian Tire $0
Purchase interest: 19.99% | Cash advance: 22.99% | Balance transfer: 22.99%
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Purchase interest: 19.99% | Cash advance: 22.99% | Balance transfer: 22.99%

Does Canadian Tire Bank have online banking?

We’ve made it easy for you to manage your credit card account and deposit accounts. Join us to enjoy convenient features from your home computer, phone or tablet. We’ve made it easy for you to manage your credit card account and deposit accounts.

Who owns Canadian Tire Corp?

Martha Billes, a daughter of one of the company cofounders, is the controlling shareholder, owning a stake of more than 60 percent. Canada Tire was started in 1922 by brothers John W. and Alfred Jackson (A.J.) Billes.

Does Canadian Tire Bank offer mortgages?

Canadian Tire Bank has launched an account it says will save people money by consolidating their debts and helping to pay them off more quickly. … The account allows customers tocombine mortgage, chequing and savings accounts,and loans and credit-card balances.

Is TD Bank part of CDIC?

Protecting Your Deposits

TD Bank and its Canadian deposit-issuing subsidiaries are proud members of the Canada Deposit Insurance Corporation (CDIC). … CDIC protects eligible deposits to a maximum of $100,000 per depositor and per insured category.

Is Canadian Tire a bank CDIC?

The Canadian Tire High Interest Savings® account (HISA) is provided by and issued by Canadian Tire Bank, a member of Canada Deposit Insurance Corporation (CDIC).

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What is the difference between CIPF and CDIC?

CDIC is funded by premiums paid by member institutions and do not receive public funds to operate. CIPF is the only compensation fund approved by the Canadian Securities Administrators for investment dealers regulated by the Investment Industry Regulatory Organization of Canada (IIROC).