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Top Savings and GIC Rates in Canada This Week

                                                                             Canadians looking to maximize their returns on safe investments have strong options this week, with both high-interest savings accounts (HISAs) and guaranteed investment certificates (GICs) offering competitive rates. High-Interest Savings Accounts KOHO Earn Interest Account continues to lead with an impressive 3.5% interest rate , offering unlimited transactions and cashback perks. Other online banks and credit unions are hovering around 3.0%–3.25% , making HISAs a flexible choice for those who want liquidity while still earning meaningful returns. Guaranteed Investment Certificates (GICs) For short-term savers, MCAN Wealth is offering 3.65% on a 1-year GIC , one of the hig...

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5 Simple Ways to Save More Money and Build Wealth

 


If you’re looking to save more money and build wealth, there are a few simple steps you can take to get started. Here are five ways to help you save more money:

  1. Track your spending: Start by tracking your spending for a month or two. This will help you identify areas where you can cut back and save money.

  2. Create a budget: Once you know where your money is going, create a budget. This will help you stay on track and avoid overspending.

  3. Set savings goals: Set specific savings goals, such as saving for a down payment on a house or a vacation. This will help you stay motivated and focused on your savings.

  4. Automate your savings: Set up automatic transfers from your checking account to your savings account. This will help you save money without even thinking about it.

  5. Invest your savings: Once you’ve built up some savings, consider investing your money. This can help you grow your wealth over time.

Hopefully these tips help you save more money and build wealth! 


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