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Discussion Starter · #1 ·
As people seem to be placing higher quantities of money in high interest savings account due to market volatility, I was wondering what interest rates people are getting on their savings, and from what institutions.

I.E.

Rosenort Credit Union (MB) - 3.0% TFSA, 2.25% Regular Savings, no term length.
Royal Bank - 1.75%
 

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Canadian Tire Financial is offering 2.5% on there savings account. Anyone have experience with them? It sure looks like PC Financial is turning into another big bank, without any of the services. I will still keep my chequing account there but I think my savings will find a new home.
 

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a list of saving account interest rates

I just found this up-to-date list of savings account rates on the Canadian Business website

http://www.canadianbusiness.com/my_money/rates/deposit_account/index.jsp

I notice that my credit union (Coast Capital) isn't listed there. I get 1.65%. I'm not complaining though, because there are no fees on any of my accounts with them. I love it. More than makes up for a slightly lower interest rate.

Old Scotia Bank wasn't giving me a dime in interest and was still charging me fees every month for everything they could think of it seemed. Apparently it was the best account they could give me. Very sad.
 

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Discussion Starter · #19 ·
Down down down...

So the BoC dropped it's interest rate, so I guess that means we'll be losing at least a 1/4 percent on our savings accounts.

Presently my CU rates at RCU are 2.25% regular savings, and 2.75 TFSA and RRSP. Most likely with a .25% drop in regular savings expected anytime now. B.t.w. I do not pay any fees for those accounts.

Maybe it's time to lock into a mortgage rather than continue to save.
 
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