It's up to you.I just save my moula in
ING high interest accounts and CD's.
Not exact matches
Several new players are now offering
high -
interest savings
accounts with significantly better rates than traditional leaders like
ING Direct, President's Choice Financial and Canadian Tire Financial.
Scotia's online - only so called «
High Interest» savings
account offers 0.75 % with minimum $ 5000 balanse, while
ING gives you 1.2 % with no minimums.
In the beginning, their money was divided evenly between an
ING Direct
high interest savings
account that paid about 1.5 % in
interest and the
ING Direct Streetwise Balanced Fund.
Sign up for automatic payments that way you don't have to worry about it and use an online bank with
high interest like
ING or HSBC with 5 - 6 % on new
accounts.
Ally is currently offering a
higher interest rate than
ING Direct / Capital One 360 and it allows you to have multiple savings
accounts as
ING Direct does.
I open a
high -
interest savings
account with
ING Direct that I mentally label as, say, The England Fund.
2) They do not provide a return such as an
ING, President's choice, Canadian Tire
high interest savings
accounts BUT these are separate
accounts and you need to transfer money back and forth between your investment
account and these savings
accounts.
The checking
account is traditionally a low or no
interest earn
ing acc o unt while savings
accounts generally have
higher interest rates.
Look at what
ING has done to
high -
interest savings
accounts.
It has been long speculated that
ING Direct will introduce a no - fee chequing
account to complement its existing
high -
interest savings
accounts and Streetwise mutual funds.
Have the money deposited into a
high yield
interest rate
account like Emigrant Direct (5.05 %) or
ING Direct (4.50 %).
Carmasem, if you really just want a regular
high interest savings
account until you figure things out I would recommend you take
ING up on their offer to double your
interest until year end and then automatically switch your
account to a TFSA as soon as the new year comes around.
Netherlands - based
ING Direct shook up the industry when it introduced the first Canadian no - fee
high -
interest savings
account in 1997.
Two of the banks that I mentioned early are as
ING Direct and Ally Bank, both have
high - yield savings
accounts and
interest checking
account.
Although RBC's
high interest savings
account isn't as sweet (2.75 %) as
ING's (3 %), at least they have one as opposed to my bank who is offering something like 1.75 % (why bother?).
In its early years
ING Direct was a pioneer in the
high -
interest savings
accounts space offering an
interest rate that was far and away better than any of the banks.
Take
high -
interest savings
accounts: Ally has long offered a 2.0 %
interest rate compared to
ING Direct's 1.5 %.
Online savings
accounts offered by competitors such as E * Trade (Cash Optimizer
account offers 4.15 %), Achieva Financial (Daily Savings Account offers 4.1 %), PC Financial (Interest Plus pays 4 % if you maintain a balance of more than $ 1,000), etc. sport a much higher interest rate than ING's regular rate of
account offers 4.15 %), Achieva Financial (Daily Savings
Account offers 4.1 %), PC Financial (Interest Plus pays 4 % if you maintain a balance of more than $ 1,000), etc. sport a much higher interest rate than ING's regular rate of
Account offers 4.1 %), PC Financial (
Interest Plus pays 4 % if you maintain a balance of more than $ 1,000), etc. sport a much higher interest rate than ING's regular rate o
Interest Plus pays 4 % if you maintain a balance of more than $ 1,000), etc. sport a much
higher interest rate than ING's regular rate o
interest rate than
ING's regular rate of 3.5 %.
A few years back,
ING Direct was pretty much the only game in town, offering online savings
accounts with much
higher interest rates than anyone else.
Bonnie's TFSA We made the full contribution to this
account (
ING High interest savings) in January but subsequently withdrew the full amount to put against our mortgage.
After innovating and leading in online
high -
interest savings
accounts for years,
ING Direct is introducing three low - cost, index - based, mutual funds under the «Streetwise» name.
ING Direct, for instance, offers an
interest rate of 1.5 % but most
high interest accounts pay 1.25 %.
Banks such as
ING and a number of others have
high interest money management
accounts that actually have 2.5 - 4 %
interest.
The
ING Orange
account, for example, is famous for just that: not only are there no fees or minimums, it offers a relatively
high interest rate.
You could look into
high interest savings
accounts, especially through
ING, PC Financial and credit unions.