Finder Score

What is the Finder Score?

At Finder, we’re committed to helping you save money and make better financial decisions. That’s why we created the Finder Score, a simple way to compare different financial products like bank accounts, loans, stock trading apps, and more, based on their overall value and benefits.

How does it work?

Our expert team evaluates various products in our database, assigning each one a score out of 10. A higher score means the product is more competitive and may offer better value.

We carefully consider a range of factors and features, weighting them according to the typical user of each product.

For example, with free chequing accounts, the fees are a key factor, while for premium chequing accounts, the welcome offer and account features hold more weight.

Our goal is to highlight the features that matter most to you. Each score is determined objectively, without any commercial bias or influence from partnerships.

This methodology applies only to products with a Finder Score displayed.

Why did we come up with the Finder Score?

To make comparing easy

Comparing your household bills is hard work. We thought that there should be an easier and more objective way to make sense of all the options we compare.

Because price isn’t everything

The Finder Score can help you make sense of your options and choose the right fit for you.

Because we want to help

Finder is editorially independent. The Finder Rating is designed to help you make an informed decision and get better value for money.

Finder Scores: What they mean

If you want peace of mind, this rating will give it to you. These products offer the best value and outcomes considering various product features, terms, conditions and price.

Well-balanced products that provide what you need, offering a healthy mix of competitive features at a good price. But, they’re not quite the best in class.

Bottom line: you can find better. But these products still offer reasonable value and have the basics sorted.

These products may not offer much value in the long run and there are better options available.

How do we source our data for Finder Scores?

A Finder Score is a number between 0.1 and 10 that reflects a product’s value and features compared to similar products in its category. The higher the score, the better the product.

How do we calculate the score?

Our publishing and editorial team at Finder uses a weighted system depending on the type of product and considers product features such as annual fees, interest rates, or bonus rewards points, to create an appropriate weighting system. We score each product’s features out of ten, comparing them to other products in the same category. Then, we weight the scores based on how important each feature is to the average consumer for that particular product. The metrics and weightings for each product group are available in our category specific methodology.

Our data drives the scores.

Finder Scores are calculated using our extensive product dataset, which contains information on thousands of financial products. We strive to keep this dataset up-to-date, updating it whenever a product feature changes, like an interest rate or fee. While we aim to include the entire Canadian market for each product, our dataset is continually expanding, so some products may not yet be included.

How often do Finder Scores change?

Our scores aren’t static. They’re dynamic and adapt whenever a product changes. In fact, scores are often re-calculated every time a relevant product feature is updated. If there are broader changes that affect a whole group of products, such as an interest rate adjustment, we’ll update the score for every product in that group. This means you’ll see the most accurate and up-to-date scores, helping you make informed decisions about your finances.