Friday, October 6, 2017

Canada's Best Savings Account Interest Rate?

I was frustrated with the abysmal savings account interest rate in Canada: 0.1% to 0.50% at major banks.  In the USA, you can get 1%+ at Capital One Bank or Allied Bank.

Finally, I found a proper bank (CDIC insured) that pays almost 2% interest and charges nothing to electronically transfer money to and from my big bank (RBC).  This bank is Alterna.  Just thought I would pass on the info for folks who would like to make their money work a little harder.

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