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According to cbc news, 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 retail and financial services company introduced its One-and-Only account on Tuesday in Calgary and in Kitchener-Waterloo and London in Ontario. The account allows customers to combine mortgage, chequing and savings accounts, and loans and credit-card balances."Any funds deposited into the account, like one's pay, immediately go towards paying down the mortgage and reducing the debt load, and as a result could also result in significant reductions in interest payments," Canadian Tire said in a news release.The company is also paying legal and set-up fees, and even offering bonus Canadian Tire money for customers. |
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