Personal Finance Canada

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affairesdepiasses@lemmy.ca

Monday: Silly Questions (lemmy.ca)

submitted 1 year ago by affairesdepiasses@lemmy.ca to c/personalfinancecanada@lemmy.ca

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It’s Monday, the start of a new week.

Ask your embarrassing, silly, or worrisome questions. Come learn and discover without judgment.

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[–] nebs@lemm.ee 3 points 1 year ago (1 children)

Where’s the best place to put money in a high interest savings account?

I’ve been with simplii for a really long time but it’s not clear what interest rate I’m going to be getting in my HISA after the promotional offer and I really don’t like that the promotional interest isn’t paid out monthly.

Should I just sign up for an investment account and buy the equivalent of cash.to (which doesn’t seem to offered at big bank investment accounts)?

[–] NENathaniel@lemmy.ca 3 points 1 year ago

I really like EQ Bank. Easy 5% ish GIC's or 3% savings. You'll prob receive higher % long term through actually investing but, this is safe and reliable