Thinking of buying a home in the next few years? One way to build up your down payment is through investing. Here’s now this process compares to putting your savings into a TFSA or HISA.
Are you set up for high interest savings? As economists call for a rate increase over the next year, savings consumers could see a bump in their returns. Here’s what you should do now to avoid high-rate fallout – and even benefit from a central rate increase.
September is in full swing – but have you blown your budget all the way to the new year? A recent study finds a $500 left-field expense is all it would take to derail 30% of Canadian finances. The good news? This fall can be your unofficial fresh start. Whether or not you’re a student, read on for ways to spend less and save more.
PC Financial introduces a 2.6% high interest savings account as lenders compete for consumer deposit business. It’s a great opportunity for consumers to focus on their savings – but what are the economic forces behind the interest rate hike?
The popularity of no fee accounts is growing. ING launched its no fee chequing account early this year. Ally did a big advertising push with TV ads featuring savings accounts that offer some of the best interest rates and PC Financial continues to push ahead featuring no-fee banking to Canadians.
Not all savings accounts are created equal. Some offer you unlimited access to your money in exchange for a monthly fee, while others charge you nothing provided you leave your money where you put it. The type of account you choose really depends on you.
Good for you! You’ve made the smart decision to open a new savings account. You have a budget and a plan. All you need to do is open the account, which is, no doubt, the easiest part of the journey. Once you make that first deposit, the exciting part is watching your money grow. Most banks require 2 pieces of identification in order to open an account. One of those pieces must be photo ID.
A High Interest Savings Account (HISA) is exactly what its name says – a high interest savings account (imagine that!). Not all HISAs are the same, though. You’ll want to compare the features of products offered by different financial institutions. Here are the top factors you need to consider.