So I was reading the thread on TD increasing their fees and account limits and I thought I should make everyone here aware of a new bank:

Canadian First Financial

Its a new schedule 1 bank (like the big 5), its covered by the CDIC for deposit insurance and is being innovative with its offerings:

1) Products are available through a limited number of mortgage brokers

2) Their best offering in my opinion is the EasyOne account. Its a high interest savings account as well as an unsecured line of credit of up to $25,000 starting at P+4%. Basically when you have a positive balance in the account you are paid interest at 1.30% and when you have a negative balance you are using the line of credit portion. Features include:

- no fees
- bank card for debit transactions and atm
- payroll deposit
- bill payment
- chequing

The rates are about 1/2 of most credit cards and can be used to pay off higher interest debts, renovations etc....basically whatever you want

I've attached a pdf with more detail if you would like to find out more.

Please contact me for any further questions or if you would like to sign up for an account