5.5 BEST HIGH YIELD SAVINGS ACCOUNTS IN CANADA
Hey guys,
in this video we are going over most attractive High Yield Savings Accounts in Canada in 2022.
Regular savings accounts have always been a very popular financial tool to use in order to either create an emergency fund and have the funds available at any time or as a tool to achieve a certain financial goal, but High Yield savings accounts have not been this attractive for a very long time.
In current turbulent financial environment with rising interest rates and extreme stock market volatility, High Interest savings accounts represent an attractive way to park free cash, access it anytime free of charge and at the same time generate decent returns.
One of the many perks most High Yield savings accounts have is the fact, that interests are calculated daily and paid back into the account monthly, which helps to grow your savings much faster because of compound interest.
My focus in this video is to explore most attractive options on the market, some of them generating up to 4.25%!
I am going through 5 different options with five different financial institutions.
Hope you guys enjoy this video and find value in it. As always, your support by giving it a like is greatly appreciated and if you enjoy the content, consider subscribing to my channel.
Best,
Norbert
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