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.

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.

There’s a good chance at this time of year that you could end up with some extra cash in your pocket. It might be a bonus from work, money from a seasonal job, or a gift … Read More

The Canadian government first introduced registered retirement savings plans in 1957 as a way to help Canadians save and invest their money in a tax-efficient manner. Yearly contributions into an RRSP can be used as a … Read More