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Best High Interest Savings Accounts In Canada 2024 - Interest Rates Are UP!

If you don’t have a high interest savings account… why not? It’s literally a better version of a regular savings account! Saving accounts are pretty straightforward - you typically put money that you’re saving for something in them, whether that’s long-term savings, like an emergency fund, or short-term savings, for an upcoming purchase that you know you’ll be making. The thing is, they don’t do anything for you - they literally just keep your money sitting there waiting for you - ideally you’re not paying any fees or anything like that to use it, but you also aren’t getting anything back. The good news is that high interest savings accounts exist, too! In this video, we'll cover why you need to switch to a high interest savings account, and what accounts have the highest interest rates available right now. Make sure you check out the high interest savings accounts that we use, linked below! ➡️ EQ Bank Personal Account (up to 4% interest) - https://click.linksynergy.com/fs-bin/... ➡️ Neo Money Account (4% interest) - https://neo.cc/refer/N8U6K3S9 ➡️ Wealthsimple Cash (4% interest) - https://my.wealthsimple.com/app/publi... ➡️ Simplii Financial High Interest Savings Account (6% for 5 months) - https://api.fintelconnect.com/t/l/65a... 0:00 Why you NEED to be using a high interest savings account 1:58 The big 5 banks current interest rates 6:07 The highest interest rates available right now 18:17 Should you take advantage of short term promos? The links above are affiliate and/or referral links that provide us compensation when you use them to sign up. Thank you for supporting our channel! Website - stephandden.com Instagram - @stephandden TikTok - @stephandden ➡️ YouTube Filming Equipment - https://amzn.to/3HrWA4i ➡️ YouTube Editing Equipment - https://amzn.to/3RXBsri The links above are affiliate links - Steph & Den are Amazon Associates and we earn from qualifying purchases. Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.