proudhebrew23 wrote:
Savings. At least it can earn like...$0.13 a month that way.
You should try ING!
I used to make wayyy more money though when their interest rate was higher. But I think that overall I made $500+ in interest.
s/o where do you keep the majority of your money?
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 IHeartDrDorian |
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Posts: 9488 (05/27/2009 9:38 PM) |
You should try ING! I used to make wayyy more money though when their interest rate was higher. But I think that overall I made $500+ in interest. |
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nickscdngirl |
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Posts: 10399 (05/27/2009 9:41 PM) |
savings
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nickscdngirl |
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Posts: 10400 (05/27/2009 9:42 PM) |
IHeartDrDorian wrote: retirement savings plan - its a Canadian thing 
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JohnMayerObsessionist |
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Posts: 5126 (05/27/2009 9:43 PM) |
Checking.
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IHeartDrDorian |
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Posts: 9491 (05/27/2009 9:45 PM) |
nickscdngirl wrote:oh 
Like an IRA? |
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Simmm |
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Posts: 104 (05/27/2009 9:56 PM) |
Uh, neither.
I have keep my money in the following: - registered tax-free saving account which is linked to a mutual funds portfolio and very liquid. There's a cap of 5K a year on the contribution though, and I am only saving in it for tax purposes. - Two mutual funds - I have one GIC. - Registered retirement fund - Cash account at a broker. That's more of my "fun" money where I do my personal trading. I don't have a large chunk there because I have very low risk aversion! There's very minimal money kept in my chequing or regular savings account because that's the stupidest plan ever. |
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une reine |
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Posts: 823 (05/27/2009 9:57 PM) |
My floor. I found 3 dollars today. I was excited. ::shame::
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Simmm |
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Posts: 105 (05/27/2009 9:59 PM) |
IHeartDrDorian wrote:Sort of, but it's most likely separate from our retirement fund offered by the employer or government. This one is just you and the bank. Any money you earn with the employer plan can be transferred over though. And it's a huge tax saver so most, if not all Canadians, have it. There's a cap of 21K contributions a year |
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ipodconga |
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Posts: 14435 (05/27/2009 10:00 PM) |
I like my money where I can see it - hanging in my closet
J/K. I put about half in savings and half in checking, enough for groceries, gas, and rent. I want to save for a down payment on a house so I don't have to rent apartments for too long. |
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Ives0509 |
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Posts: 1778 (05/27/2009 10:01 PM) |
- I have a chequing account that I do my day-to-day banking in.
- A high-interest, locked savings account for emergency money. - A tax-free savings account which Simmm explained earlier. - and an RRSP that I'll probably cash in soon to pay for the down payment of my first home. |
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nicksdolphin |
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Posts: 20217 (05/27/2009 10:02 PM) |
I have it in high yield vip checking right now. It's a marketing ploy to make you feel superior to normal savings accounts LOL Basically it's the same
thing. It earns interest each month & I think I get penalized if it gets below $5k. But, I don't touch it.
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Simmm |
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Posts: 106 (05/27/2009 10:05 PM) |
Ives0509 wrote:Nice! I'm going to cash my CIBC out in a few years for the same purpose. Yay! |
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CAMiiLLE |
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Posts: 7103 (05/27/2009 10:11 PM) |
What money????
But, in all honesty when, if I do have money... I usually keep the majority of it in my savings and only putting what I plan on spending and then some on my checking. That way I don't really overspend. |
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AliasSpy |
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Posts: 11235 (05/27/2009 10:24 PM) |
Are there any other high interest savings accounts out there? I just looked at ING but the interest rate is 1.5%...that's nothing
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DoesThatSparkle |
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Posts: 2282 (05/27/2009 10:25 PM) |
That majority of my money? Investments. The lesser majority...savings.
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DoesThatSparkle |
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Posts: 2283 (05/27/2009 10:27 PM) |
AliasSpy wrote:I doubt anywhere is going to offer higher than that with the way the economy is. Not that savings accounts earn that much to begin with, but don't expect much higher than that. |
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Simmm |
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Posts: 107 (05/27/2009 10:28 PM) |
AliasSpy wrote:1.5 is the highest you'll find. Most high Interest savings accounts are nearing close to 1%. Put them in portfolios! This is the best time! |
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Rumple Teaser |
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Posts: 89 (05/27/2009 10:37 PM) |
I have two RSP/RRSPs, a GIC and my savings which all hold the bulk of my money. My checkings I usually keep around two or three grand.
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boybandsforever |
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Posts: 2640 (05/27/2009 10:40 PM) |
Checking
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AliasSpy |
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Posts: 11236 (05/27/2009 10:43 PM) |
"1.5 is the highest you'll find. Most high Interest savings accounts are nearing close to 1%. Put them in portfolios! This is the best time!"
What does this mean exactly.  I'm an idiot financially, but I'd
really like to start investing...or something
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