High Interest Savings Accounts in Canada Explained | Best vs Worse in 2024
Вставка
- Опубліковано 30 чер 2024
- Review of best vs worst high-interest savings accounts (HISA) in Canada to help you make the most out of your deposits.
Top picks HISA:
Neo Financial - api.fintelconnect.com/t/l/65a...
EQ Bank - bit.ly/eq-whiz
Wealthsimple (Earn $25 referral bonus) - my.wealthsimple.com/app/publi...
KOHO - web.koho.ca/referral/4WLKK8QV
Simplii Financial (Earn $50 referral bonus) - blue.mbsy.co/6DGSL2
Update Jun 4th, 2024 - EQ Bank has just launched a Notice Savings account that allows you to earn 4.5% or 5% interest rate with 10-30 days cash withdrawal notice. This is a better account for parking your cash than the current HISA. Sign up here - bit.ly/4aMwBR9
Other HISA:
Tangerine Bank - www.tangerine.ca/en/personal/...
Laurentian Bank - www.laurentianbank.ca/en/pers...
Motive Financial - www.motivefinancial.com/en/ac...
Saven Financial - savenfinancial.ca/en/on-high-...
Oaken - www.oaken.com/oaken-savings-a...
Brand & collabs - bisola@whizqueen.ca
Book a 1-on-1 chat - tidycal.com/whizqueen
Read my blog - whizqueen.ca/
Shop my templates - whizqueen.ca/shop/
Additional resources - whizqueen.ca/links/
Read more - whizqueen.ca/review-of-high-i...
Other HISA:
RBC - www.rbcroyalbank.com/accounts...
CIBC - www.cibc.com/en/personal-bank...
TD Bank - www.td.com/ca/en/personal-ban...
Scotia Bank - www.scotiabank.com/ca/en/pers...
BMO - www.bmo.com/main/personal/ban...
_________________________________________________________
SUBSCRIBE: / whizqueen and click the notification bell to stay updated.
PERSONAL FINANCE PLAYLIST: • Personal Finance
LIFESTYLE & FUN: • Lifestyle/Fun
______________________________________________________________
✰ LET'S BE FRIENDS ✰
Twitter: / whiz_queen
Instagram: / whiz_queen
Facebook: / whizqueenb
Snapchat: WhizQueen
__________________________________________________________________________
✰ E X T R A S ✰
SHOP Amazon Storefront: www.amazon.ca/shop/whizqueen
Other links: linkpop.com/whizqueen
Sign up on my mailing list *confirm sub in inbox*: whizqueen.ca/newsletter/
____________________________________________________________________________
DISCLAIMER: The purpose of this video is to educate and inform. Please be aware that all the information shared is not legal or professional advice. There is no guarantee that you will earn any money using the techniques or ideas mentioned in this video today. It is your sole responsibility to Do Your Own Research.
AFFILIATE DISCLOSURE: This video may contain affiliate links at no additional cost to you, I may earn a small commission which helps support my channel. All opinions are 100% mine, and I will not post about product/service that I haven't personally verified. Thank you!
IMPERSONATION NOTICE: Please note that imposters may use similar usernames, or pose as WhizQueen in the comments, emails/video or claim to be associated with WhizQueen. They may contact you directly or request you contact them, kindly disregard and avoid being misled by these unscrupulous individuals act. I will appreciate reporting such imposters too!
______________________________________________________________________
Like, Share & Subscribe for more !!!😗
Update Jun 4th, 2024 - EQ Bank has just launched a Notice Savings account that allows you to earn 4.5% or 5% interest rate with 10-30 days cash withdrawal notice. This is a better account for parking your cash than the current HISA. Sign up here - bit.ly/4aMwBR9
Fantastic analysis, l enjoyed it
Thank you so much for this information, just for clarification purposes . The interest rate is it only in a yearly basis?
Yes it is. Most interest rates are per annum
Thanks Dear
Am confused, can I use this high interest savings account for my personal day to day transaction or do I need to open another account for that
Do you know of any of these banks that allow children under 13 open account, I have checked neo and EQ
Lastly, I cant see your referral code
Hi, you can use the same account for high interest saving for day to day banking. I believe children account has to be opened with a parent or guardian. It's a referral link.
- EQ Bank personal - bit.ly/eq-whiz
- NEO HISA - api.fintelconnect.com/t/l/65aa85f2dd52aa001bcd97da
Can u build credit score with those digital bank?
Do you already have a credit history? If you don’t then it may not be the best option for you
I was offered to open a high interest savings account my local rbc branch @ 5%...
I said "HIGH INTEREST"??? So whats my credit card then @ 21%??
I was told " THAT is what we offer"
I asked "is anyone that stupid"
I know right! Which is why I always advise to prioritize paying off CC debt first before thinking of saving or investing. 5% is still better than nothing offered by most traditional savings accounts.
EQ ? I tried to open an account and I never succeeded, I eventually settled for Wealthsimple
That’s surprising. How did you try? Directly on their website or link in description? Wealthsimple is a good choice too, I love both!
Can i open a joint account and a business account with this digital banks?
They offer joint accounts but criteria may vary for business accounts
I tried to open a wealth simple investment account but the only ID I have currently is my passport so I am not able to proceed from there.
No drivers license?
@@WhizQueen not yet . Guess I need to get at least my G1 soon to substitute my ID’s
@@WhizQueen not yet guess I need to get at least my G1 soon to substitute my ID’s
Anyone wanting to make money shouldn't be using any banks they do not offer what the web base can offer like WS and EQ . GIC's even at EQ for 1yr is now 5.25%
I agree! I don’t recommend locked in GICs though. If it’s not cashable, 5.25% is not enough to get locked in for a whole year. EQ just introduced the Notice Savings account offering 5% for 30 days notice. I think this is a better choice
Far enough I had thousands I was “parking” for a year anyways and got locked in at 5.35% on EQ for 1 year. On $50K that’s a good win for 1 year 👍
cmon babes, how can you put a loud rock background noise to create chaotic sounds on this information packed video! 😞
Thanks for letting me know. It didn't seem distracting to me but I'll make note for next time🙂
Put money in stocks
Good investment 👌🏽
You mean to give my money to American Jews from Wall Street who will naked short it to oblivion and you won’t see your money again ? No thank you 😊