Where can I open a high interest savings account in Canada at a good rate? But I’m 16 and a lot of accounts are 18 and over so…….any ideas?
I don’t understand why you say "a lot of accounts are 18 and over." The banks work so hard to try to recruit customers at an early age so they can keep them hooked for life. They usually even offer accounts with no service charges.
There is no such thing as a good interest rate. The very best interest rate in Canada is ridiculously low. It doesn’t even cover the service charges most people have to pay.
I use and recommend ING Direct (http://ingdirect.ca). They say what they mean and mean what they say. They make it simple to understand and access their services. And, more in line with what you’re looking for, they don’t have service charges and they pay a higher interest rate than most banks.
Back to your under-18 comment, perhaps you are referring to Tax-Free savings accounts (TFSA’s). They’re not available to people under 18 because that’s the law, so you’ll end up paying tax on any interest you earn (depending on your other amounts of income).
Hundreds of volunteers rebuild Toronto Community Housing outdoor spaces in one day
TORONTO, Oct. 22 /CNW/ – A sea of orange is surrounding 3847 Lawrence Ave. East today as more than 500 ING DIRECT employees have gathered to revitalize the outdoor spaces around the east-end Toronto Community Housing high-rise. The community build, organized by Bienenstock Natural Playgrounds, will draw on more than 5,000 ING DIRECT volunteer hours to transform the area into a community hub for local residents.
“It means a great deal for our company to give back to our community, beautify our neighbourhoods and make them safer for families,” said Peter Aceto, President and Chief Executive Officer of ING DIRECT Canada. “Revitalizing this space and giving our employees a chance to engage with the community on a large scale project like this is both practical and rewarding. We hope that the results of our hard work help this community to flourish.”
ING DIRECT employees clad in their signature orange, with the help of local residents, will create two natural playgrounds, revitalize an existing playground, establish a community garden, community park and a soccer pitch and repair a basketball court – all in one day. The building is home to 800 people, while the outdoor spaces attract over 1,000 people from the wider community.
“We are pleased to be welcomed into this community to create a space where children and adults alike can reconnect with nature and form deeper bonds with one another,” said Bruce Sudds of Bienenstock Natural Playgrounds. “This project will truly transform the local neighbourhood and I applaud ING DIRECT staff and Toronto Community Housing for being dedicated to creating healthy and safe communities.”
“Toronto Community Housing’s vision is to contribute to a city where residents are proud of the place where they live, and where people feel connected to each other and their community,” said Mitzie Hunter, Chief Administrative Officer of Toronto Community Housing. “Thanks to this project, residents will have places to gather, interact and build the relationships that define communities and make them flourish.”
3874 Lawrence Ave. East is the third location to receive funding and in-kind donations from ING DIRECT Canada for new, natural playgrounds and revitalized public spaces in the past year. On each project, Bienenstock Natural Playgrounds have designed the new spaces and organized the community builds. In 2009, ING DIRECT helped to build Toronto’s first natural playground at McCleary Park in downtown Toronto.
About ING DIRECT
ING DIRECT is Canada’s leading DIRECT bank with over 1.7 million Clients and more than $29 billion in total assets. ING DIRECT gives the power of saving to all Canadians by offering high-value, simple products such as high interest savings accounts with no fees or service charges, and low rates on mortgages. Low cost, index based mutual funds are sold through ING DIRECT Funds Limited. ING DIRECT has been operating in Canada since 1997 and has paid more than $4.5 billion in interest to Clients. ING DIRECT is open for banking 24 hours a day, 7 days a week, at ingdirect.ca, on mobile devices at m.ingdirect.ca or by calling 1-800 ING DIRECT begin_of_the_skype_highlighting 1-800 ING DIRECT end_of_the_skype_highlighting (1-800-464-3473)
Follow Peter Aceto on Twitter at: Twitter.com/CEO_INGDIRECT
And find ING DIRECT at: Facebook.com/SuperStarSaver; Twitter.com/SuperStarSaver; YouTube.com/SuperStarSaver
About Bienenstock Natural Playgrounds
Bienenstock Natural Playgrounds engages communities to re-imagine and rebuild their public space through better designs, partnerships, and programs that connect their children and adults to nature. The parks and playgrounds we create reflect the natural heritage of the site and the needs of the community through a collaborative and inclusive design process, a skilled team of installers and well orchestrated community builds. Rolling hills, curling pathways, and giant logs and boulders and trees define spaces filled with art, music, and nature. These are playgrounds without barriers where children and families are encouraged to explore their imagination and this is the place in our community where we form four critical bonds with nature and each other. Projects can be found in public parks and at schools and child care centres across Canada and the USA. For more information, please visit www.naturalplaygrounds.ca.
About Toronto Community Housing
Toronto Community Housing (www.torontohousing.ca) is Canada’s largest social housing provider and home to more than 164,000 tenants with low and moderate incomes-about six per cent of the City of Toronto’s population. Toronto Community Housing employs 1,400 staff in a broad range of jobs, who deliver its mission to provide affordable housing, connect tenants to services and opportunities, and work together to build healthy communities.
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https://www.Vancity.com/GoodMoney
With Vancity’s enviro™ Visa, you can earn rewards for yourself and for your community. Use financial rewards from enviro™ Visa to achieve your goals while you do good for the environment.
Learn more about enviro™ Visa: https://www.Vancity.com/VISA/
A fine example of how Good Money supports members and the community at the same time. You get our best posted daily savings interest rate on your account balance¹ and a portion of our revenue from operating Jumpstart® accounts supports the Future Foundations program, which assists low-income families working toward a more secure future.
Learn more about Vancity’s Jumpstart® account: https://www.Vancity.com/Jumpstart
Vancity’s iPhone app is now available: https://www.Vancity.com/iPhone
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Learn the benefits of an investment in real estate versus putting your money into the stock market, or even low-risk options such as GIC’s or a high-interest savings account
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A high-yield interest savings account can yield positive benefits down the road. Get high-yield interest savings account tips with help from host Alexis Guerreros in this free video clip.
Expert: Alexis Guerreros
Contact: www.alexisguerreros.com
Bio: Alexis Guerreros graduated college with two degrees in business, and worked his way up to management in a Fortune 500 company.
Filmmaker: Victor Varnado
Series Description: Finance is a term that describes a lot more than just putting away a few dollars each paycheck. Get tips and answers for all your financial queries with help from host Alexis Guerreros in this free video series.
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http://integrityplanner.com How High School Math Can Save Your Retirement Accounts
Think back to your high school math days. Inevitably, some student at some point in a math class (usually algebra) asks, “Are we ever gonna use this stuff in real life?” Good math teachers pounced on that one to present real-life applications that inspired their students to use their math knowledge to get ahead in life. Unfortunately, a lot of today’s workers must have been daydreaming during that discussion, because looking at our retirement saving behavior as a nation, we missed that math boat.
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Integrity Financial Planning
Mike Wilson
maximizing retirement readiness
retirement savings
401k
403b
compound interest
high school math
retirement planning
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We’ve paid Canadians $5 billion dollars in interest and charged them $0 dollars in fees on their savings. This is a big milestone for ING DIRECT and there aren’t too many banks that can say that! Check out our video and what makes us tick.
http://ingd.ca/High5Billion
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More tips on how to save money! Kerry and Vivi discuss paying yourself first through automated savings and how to pay down high interest credit cards.
Feel free to visit Premier America Credit Union’s website at http://www.premier.org. Premier America is committed to providing exceptional service to individuals and small businesses. We offer checking and savings accounts to individuals and businesses; business and auto loans; high yields on certificates and money market accounts; insurance; home mortgages and lines of credit; as well as a full line of investment services. Our members enjoy free access to 28,000+ CO-OP ATMS and 3,600+ shared branches nationwide along with free online services including home banking, eStatements and bill pay. We are proud to serve the communities of Chatsworth, Simi Valley, Thousand Oaks, Valencia, and Woodland Hills, California as well as Houston, Texas.
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Fun Friday: boost your savings and maximise your cash
Advice on High Interests Online