High-Interest Savings Accounts Explained: Double your savings faster!

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Need a place for emergency funds or short-term savings? Regular accounts earn almost nothing. Many Canadians missed that while mortgage rates rose, chequing and savings rates stayed low. A high-interest savings account (HISA), or high-interest yield account (HYSA) helps your money grow and double faster, fighting (although not keeping up!) with inflation. We’ll also talk about how to choose the best high-interest savings accounts in Canada 2024 and avoid common mistakes. #HISA #CanadianSavingsAccount #HighyieldSavingsAccounts #livingincanada

***DISCLAIMER: I am not a financial advisor, consultant, or real estate agent. This video is for entertainment purposes only and should not be considered as financial advice***

*Note that this video was made in 2023, reposted from Youtube:
https://www.youtube.com/livingincanada, so some elements or information of this video may be outdated

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