Monday, February 13, 2017
How To Get High Yield in Savings Account
In this current interest rate environment, the interest rate on high interest savings accounts are laughable. With inflation, a saver is losing money as the interest rate is lower that the rate of inflation. The rate of inflation in Canada, as per www.tradingeconomics.com is approximately 1.6%. As of Feb 12, the highest interest rate is 2.00 at EQ Bank as per www.ratehub.ca, which surpasses this by a small amount.