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Overall Rating on Savvy New Canadians4.6/54.9/5
Social Responsible Investing
No
Yes
Halal Investing
No
Yes
Dividend Reinvesting
Yes
Yes
Minimum Balance To Start Investing
$5000 minimum account balance to begin investing, but there is no minimum balance for RESP accounts.
None
Auto Depositing
Yes
Yes
Management Fees
The fees are: .50% 0-$500K .40% over $500K. There is also a $4.99-a-month fee for all non-RESP accounts. RESP has no minimum balance, but there is a minimum fee of $2.50 per month for accounts under $25K.
The fees are 0.5% on $0-$100k and 0.4% for amounts over $100k.
Transfer Fees (to another financial institution)
Yes . the fees are $50 for a partial transfer to another financial institution or $150 for a full transfer out.
No
Inactivity Fees
No
No