Happy new year! We are back with the 2024 edition of comparing highinterest savings accounts in Canada!

Today I will be comparing various highinterest savings accounts across Canada. Although this is not a way to generate meaningful wealth, it makes more sense to put your emergency fund and sinking funds in an account that generates some interest than no interest. I did this video in 2020 & 2021 & 2022, and rates have really changed since then. I have organized this video by the highest advertised base (nonpromotional) interest rate to the lowest.

Please like, subscribe & comment. Let me know what you want to see next!

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Timestamps
0:00 Intro
1:00 What has changed from last year
1:23 My favourite accounts
1:44 Insurance coverage
2:28 Categories of comparison
3:35 Neo Financial (Concentra Bank)
5:40 Wealthsimple Cash
8:04 Saven Financial (First Ontario Credit Union)
10:05 EQ Bank
12:45 Koho (People's Trust Company)
15:24 Toronto Dominion (TD)
17:19 Royal Bank of Canada (RBC)
18:47 HSBC
20:08 Scotiabank
23:00 Simplii (CIBC)
24:55 Bank of Montreal (BMO)
26:50 PC Financial
28:40 Final Thoughts

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Learn more about each account!
NEO: https://www.neofinancial.com/neomone...
Wealthsimple: https://www.wealthsimple.com/enca/spend
Saven: https://savenfinancial.ca/en/onhigh...
EQ: https://www.eqbank.ca/personalbankin...
Koho: https://www.koho.ca/save/
TD: https://www.td.com/ca/en/personalban...
RBC: https://www.rbcroyalbank.com/accounts...
HSBC: https://www.hsbc.ca/savingsaccounts/...
Scotia: https://www.scotiabank.com/ca/en/pers...
Simplii: https://www.simplii.com/en/bankaccou...
PC: https://www.pcfinancial.ca/en/pcmone...

Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.

FTC: The links above may include affiliate links for which I may make a commission should you purchase. This is at no extra cost to you but helps my channel grow.

xo, Reni ♡