How to Find the Best Savings Rates

Best Savings Account Rate

Can you guide me to a bank that pays the highest interest? What I would like to do is put in a good lump sum and also be able to pay my bills through this account.

The best savings rates are always a moving target because banks change the rates they pay based on market conditions and their need for cash. That’s why I&

...
Continue Reading
AddThis Social Bookmark Button



Debit cards linked to money market accounts

Money Market Account Debit CardDebit cards that allow clients to manage their money in an everyday account while earning the high interest rate of a money market fund are now available, with Sanlam launching this industry first.

Susan van Staden from Sanlam Personal Finance: Strategic Business Development said on Wednesday: "Thr

...
Continue Reading
AddThis Social Bookmark Button



Top 10 tax resolutions for 2007

Tax

Well, here we are at the end of another RRSP season. The rush is on to get the contributions in, and the rush is on to figure out where to stuff it. I guess at this point if you haven’t made your contribution yet, the important thing to do is just to make sure it is in an RRSP account somewhere; we can always figure out in a later column what to invest in.

Continue Reading

AddThis Social Bookmark Button


" It is nearly eight years since the federal government reinvigorated struggling Registered Education Savings Plans by introducing the Canada Education Savings Grant (CESG) program, which provides a 20 per cent grant on the first $2,000 a year of annual RESP contributions for each beneficiary. Higher grants may apply to low- and middle-income families.

AmTrust Direct Raises e-Money Market Rate to Highest Ever

Before you invest in any online savings or money market account, check the current rate being offered by AmTrust Bank on their e-Money Market Account. AmTrust Direct just raised the rate from 5.30% to an industry leading 5.36% APY.

"We want our customers, and potential customers, to know that this is not a so-called ‘teaser’ rate," says Matthew Lehman, Vice-President of Internet Marketing for AmTrust. "We don’t do any form of b

...
Continue Reading
AddThis Social Bookmark Button


" "We try to make it easy for our customers," states Lehman. "Our CDs automatically roll over to the highest rate for that term, so our customers never have to worry about where their money is going to work the hardest for them. They can relax, do nothing and still enjoy one of the highest rates in the country."

BIZ BRAIN says invest in a Money Market Account for short term gain

User " I sold my house and am walking away with $31,000 profit. I am planning on buying a new house, but not until May. How do I make the most on my return over these few short months — stocks, money market, short-term CD? –Making the most of it Match the life of the investment with the planning horizon. "

If you expect to need the money in May, don’t invest in stocks. Invest instead in a money market mutual fund, money market account or short-term CD.

...
Continue Reading
AddThis Social Bookmark Button


" You can compare all of these investments with a calculator on Bankrate.com. This calculator will estimate your tax equivalent yield on a tax-free investment so you can compare your choices, but you have to know your state laws on tax exemption and the structure of the tax-exempt investment.