High interest savings accounts

Every Canadian should have a plan, regardless of how old they are. However, it’s necessary to approach the decision of whether you should start saving or investing your money carefully by evaluating your current financial situation first.

High-interest savings accounts provide a great vehicle for long and short-term savings, with many of the best high-interest savings accounts in Canada offering interest rates over 2%.

Tax-Free Savings Accounts (TFSAs) are investing tools designed to shelter your savings from taxes. While its name implies that it is a savings account, TFSAs are accounts that keep your investments and the interest that they earn tax-exempt.

Have you ever wanted a chequing account with a rate as competitive as a high-interest savings account? Well, you’re in luck, because these accounts exist, and while somewhat rare, hybrid bank accounts are great financial products that allow Canadians to earn high-interest on chequing account deposits.

In 1789, Benjamin Franklin wrote, “in this world, nothing can be said to be certain, except death and taxes.” I’m adding bills to his list of certainty. There are utilities, fees, phone, insurance charges, and the … Read More

It’s often said that when the United States sneezes, the world catches a cold. That expression can apply to the economy because there are signs that a recession—which is a normal part of the business cycle—is going to hit the U.S. Whether you like it or not, a recession is inevitable. It may be in a few months or a few years from now, but it’s inevitable.