Advertisement
Presented By
EQ Bank
High-interest savings accounts pay much better interest rates than chequing accounts and regular savings accounts. Here’s what you can do with a HISA.
Many Canadians rely on their savings accounts and chequing accounts for day-to-day banking, but if you want to grow your money while saving towards a financial goal, consider opening a high-interest savings account (HISA). In this short video, we explain the benefits and uses of a HISA.
Video: Why open a high-interest savings account?
Subscribe to the MoneySense YouTube channel to watch all of the videos in this series and more.
This is an editorially driven article or content package, presented with financial support from an advertiser. The advertiser has no influence on the creation of the content.
Affiliate (monetized) links can sometimes result in a payment to MoneySense (owned by Ratehub Inc.), which helps our website stay free to our users. If a link has an asterisk (*) or is labelled as “Featured,” it is an affiliate link. If a link is labelled as “Sponsored,” it is a paid placement, which may or may not have an affiliate link. Our editorial content will never be influenced by these links. We are committed to looking at all available products in the market. Where a product ranks in our article, and whether or not it’s included in the first place, is never driven by compensation. For more details, read our MoneySense Monetization policy.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
The former U.S. president’s second election victory sparks concerns over a ripple effect on the Canadian economy.
Trump win ignites crypto frenzy that sends bitcoin to a record high.
Inflation is down, wages are up. But the economic recovery has been uneven, with “two contradictory trends” shaping Canadians’...
Parents, here are the CCB payment dates for 2024, along with how much you can expect to receive each...
Here’s how Canada’s Old Age Security pension program works, who’s eligible for OAS, when you can start receiving OAS,...
Here’s how Canada’s retirement pension plan works, who’s eligible for CPP, when you can start receiving CPP, and CPP...
Canadians have reporting requirements for foreign assets, income and tax paid. Here’s how to claim each of these on...
Whether you want the highest interest rate or no service fees, these savings accounts will meet your needs.
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Which ETFs should you invest in? Which ones best suit your risk tolerance? What about personal ethics? Check out...
how can I draw the money from my a/c in cash ?
Are these high interest accounts backed by Canada Deposit Insurance?