Everyone wants their money to work for them, and high-interest savings accounts are an excellent tool for that.
are an excellent tool for that. If you’re trying to save for a short-term goal, like taking a vacation, or are looking for a safe place to store your emergency fund, then a HISA can be just what you need to maximize your savings.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Some common conditions to look for when choosing a high-interest savings account include account minimums. For example, interest might only be calculated if your account has a minimum balance, such as $5,000.Article content There are also withdrawal conditions, where there are a limited number of free withdrawals per month. Any extra ones will lead to a charge. There are also transaction fees, which may be waived depending on your balance. Again, any conditions and fees associated with your HISA will vary from institution to institution.Canadians have a lot of high-interest savings account options to choose from. Most financial institutions offer them, but that doesn’t mean all HISAs are equal.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Best graphics cards 2023: finding the best GPU for gaming | Digital TrendsThe best graphicscards for 2023 include GPUs from Nvidia, AMD, and Intel, but only a select few rise to the top of the rankings.
Read more »
The Best Waterproof Cameras in 2023Waterproof cameras are great companions for aquatic adventures. There are many choices, so which waterproof cameras are the best?
Read more »
The best tax software to file with in 2023Maximize your refund using the best tax software for your needs
Read more »
Who Will Win Best Director At The 2023 Oscars?Steven Spielberg, the Daniels duo, Martin McDonagh, Ruben Östlund, and Todd Field are nominated for Best Director at the 2023 Oscars – who will win?
Read more »
New on Netflix: The Best Movies and TV Shows Coming (and Leaving) in March 2023New seasons of Love Is Blind, Next In Fashion, and more drop on Netflix next month as the streamer embarks upon its first-ever livestream global event, Chris Rock: Selective Outrage.
Read more »
The best headphones for making phone calls for 2023 | Digital TrendsWhether you're working from home or living the digital nomad life taking calls on the go, check out these high-quality headphones with mics for clear calls.
Read more »