Discover® Bankis one of the best online banks that takes a low-fee, high-interest approach. I like Discover’s 1-percent cash-back rewards when you use your checking account. You earn 1% back on up to $3,000 in debit purchases monthly. Discover also offers an online savings and mone...
Neo High Interest Savings Account:Interest Rate: 3% Monthly Fees: $0 Minimum Balance: None Interac E-Transfer Fees: $0 Other Benefits: Neo is CDIC insured, free bill payments, free mobile bank to bank transfers, no minimum balance.On top of offering a great rate, Neo Financial was voted ...
Best for no fees:Simplii High Interest Savings Account Best for earning interest and cash back:KOHO Earn Interest Best from a Big Five Bank:Scotiabank MomentumPLUS Savings Account Best for earning interest and spending:Wealthsimple Cash Best from a digital bank:Neo Financial High Interest Savings Ac...
Fine to lock your money away for a while, in return for a higher interest rate? The Monument Bank Fixed Term Deposits account could be a good choice. It pays interest of5.60% AER for a 6 month fixed term, or5.70% AER for a 12 month fixed term. There’s a highminimum deposit of ...
Is there a required minimum balance you need to maintain in your high-interest savings account to earn interest or avoid fees? Is the APY tiered? In other words, does the account only hit the high interest rate with a high deposit balance? Fees. Does the bank charge monthly maintenance fee...
On top of their high-interest rate, they also offer abonus ratetier for customers that have more than $5,000 saved with them. CIT is also great because of its easy deposits. You can fund your account or add additional deposits via easy online transfer from your current bank, mailing in ...
Canadians have over 100 different kinds of bank accounts to choose from, according to the Canadian Bankers Association. If you’re specifically looking for an account that can fast-track your savings, it may be time to explore the world of high-interest savings accounts, or HISAs. ...
A high interest rate is great, but not if you can’t count on remaining at that level. That’s why we keep track of banks that offer the most consistent interest rates on savings accounts. Discover Bank is hyper-focused on helping customers build savings, and its savings account is design...
Interest rate cuts can directly impact the rate you receive on your high-yield checking account. They can also impact your savings account rate. It's wise to see if the bank you're using for your checking account offers ahigh-yield savings account. You could also see if it offers one of...
Pays interest on your balance: Unlike your checking account, the balance you hold in a savings account earns interest, in the form of anannual percentage yield (APY). But rates vary widely from bank to bank, from almost zero to rates that are quite high, so definitely shop around. Allows...