The best Canadian high interest savings accounts for 2024 combine a mix of high interest rates, with no-fee banking, and elite user-friendly platforms.One thing to note right off the top: If your savings goal is more than 6 months in the future, you should likely be checking out our ...
What Is a High-Yield Savings Account? As the name implies, high-yield savings accounts pay much higher interest rates than traditional ones. Often offered online, whether by an internet-only bank or the online division of a brick-and-mortar bank, they're a type of savings account that's...
The best Canadian high interest savings accounts for 2024 combine a mix of high interest rates, with no-fee banking, and elite user-friendly platforms.One thing to note right off the top: If your savings goal is more than 6 months in the future, you should likely be checking out our ...
Best overall high-interest savings account: PC Money Account Our pick for the overall best high-interest savings account in Canada is the PC Money Account. This account offers one of the highest interest rates in Canada, while offering the same access to your funds that you would get with a...
Is it worth putting money into a high-yield savings account? Yes. With a high-yield savings account, also known as a high-interest savings account, your balance can grow faster over time than it would in an average savings account. This is without additional effort on your part. Your mone...
On top of that, Affirm’s business model is structured around buy-now-pay-later services. For context, the transaction is similar to an installment loan, as the proceeds incur interest and you make equal monthly payments. The company disclosures note that your APR can vary from 0% to 30%...
» See our picks: Canada’s best high-interest savings accounts What is a high-interest savings account? Just like its name implies, a high-interest savings account is a bank account that offers interest rates that are higher than those you’d earn with a standard savings account. While ...
My Banking Direct regularly adjusts its high-yield savings account rate while charging no maintenance fees, no minimum balance requirements and paying interest on all balances above $1. My Banking Direct is a subsidiary of New York Community Bank, one of the largest US regional banks. It doesn...
Business capital Purchasing a car Planning for college Buying a house If you plan on using your high-interest savings account for retirement, you might be better off with products specific to that. There are tax-advantaged retirement accounts or taxable investment accounts that will provide you wi...
With the Bask Bank Interest Savings Account, you can earn 4.50% APY with no monthly account fees. It doesn’t have a minimum balance or deposit requirement; however, you must deposit at least a penny within 15 business days of opening the account. Bask Bank doesn’t offer a debit o...