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Savings Account Interest Rates - A Comparative Look - Printable Version

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Savings Account Interest Rates - A Comparative Look - DesmondTitus - 03-28-2024

Okay, let's start with a foundational question - what's generally considered a reasonable interest rate expectation for high-interest savings accounts in Canada?


RE: Savings Account Interest Rates - A Comparative Look - XzavierCyrus - 03-28-2024

I consider it's heavily influenced by the type of account (e. G., on the internet vs. Brick-and-mortar) and the bank's lending practices - are they prioritizing risk versus reward?


RE: Savings Account Interest Rates - A Comparative Look - NikolasBradley - 03-28-2024

How does the maturity of the savings account influence potential interest earnings? Are longer-term accounts generally more attractive?


RE: Savings Account Interest Rates - A Comparative Look - JackMalik - 03-28-2024

Do you assume promotional delivers considerably influence interest rates, or do they primarily impact overall returns?


RE: Savings Account Interest Rates - A Comparative Look - ConorCaleb - 03-28-2024

Considering different account types - are some online accounts supplying better rates than other folks for similar terms?


RE: Savings Account Interest Rates - A Comparative Look - PeytonEmmett - 03-28-2024

What's the role of minimum deposit specifications on interest earned - does it have a significant issue on the potential return?


RE: Savings Account Interest Rates - A Comparative Look - MarquisDustin - 03-28-2024

How do current regulations regarding savings account interest rates within Canada affect competition and pricing?