At MoneyRates, we rate a range of banking products, including savings, checking, CD, money market, investment, retirement accounts, and loans. For each account we evaluate, we assign a star rating ranging from 1 (poor) to 5 (perfect) based on a set of key factors. These factors include interest rates, fees, accessibility, customer service, user experience, money management tools, and technology. By considering all these factors, we aim to provide consumers with a clear and accurate picture of the products they are considering, allowing them to make informed decisions about their finances. Our reviews are unbiased and thorough, focusing on consumer needs. For details, see our , Looking for the best tax-free savings account? Learn how a TFSA can help you build wealth faster while avoiding taxes on interest and investment gains., Taxes can significantly affect your savings, but there are legitimate ways to reduce or eliminate taxes on your accounts. Tax shelters, legal loopholes, and tax-free savings can help you save money and reach your financial goals sooner. Utilizing these methods requires knowledge, foresight, and sometimes the assistance of a financial advisor..