Sow Good Seeds

7 Savings Accounts You Must Have in Canada Do you know that 45% of Americans and Canadians live paycheck to paycheck and have less than $1,000 saved in the bank? Also, one in three Canadians has no retirement savings before the age of 35. Why do you need these 7 savings accounts? It's not only because you can earn extra money, but also because you should have different accounts for different goals. These 7 savings accounts, it's a wise way to manage money toward your brilliant future. 7 accounts:  Chequing Account HISA -    High-Interest Savings Account  GRRSP - Group Registered Retirement Savings Plan  RESP   -    Registered Education Savings Plan  TFSA -    Tax-Free Savings Account  FHSA -    First Home Saving Account   RRSP -    Registered Retirement Savings Plan  Most Canadians have no idea which account to use.  They may open a TFSA account, but only transfer cash into the account, ...

Where can I earn 4.50% interest on my savings and get paid monthly? The answer is Simplii Bank-  High-Interest Savings Account. What is Simplii Financial?  Who owns Simplii Financial? Simplii Financial is an online bank owned by the Canadian Imperial Bank of Commerce (CIBC) It means CIBC is a physical bank. Simplii is an online bank. Simplii Financial used to be PC Financial. Most Canadians shop with a  PC Financial Mastercard to earn points.   Is Simplii Financial and CIBC the same bank? Simplii is a division of CIBC Bank. CIBC is a physical bank. Simplii is an online bank Is Simplii Financial safe? Yes. Simplii IS SAFE. Simplii is as safe as the top 5 Canadian banks. The owner of Simplii Financial is CIBC Bank. It holds your deposits and is insured by the CDIC . Eligible accounts are covered up to $100,000. Why do you need an online bank account? The simple answer is:  Allow your money to make more money for you. We all want our money to produce some extra ca...

What is Wealthsimple? Wealthsimple Inc. is a Canadian online investment platform. It was founded in September 2014 by Michael Katchen, Brett Huneycutt, and Rudy Adler and is based in Toronto.  Since 2014, Canada’s Wealthsimple has helped hundreds of thousands of investors who want to grow their money. It's a commission-free stocks and ETFs trading platform.  Wealthsimple Trade offers TFSA, RRSP, RESP, FHSA, Crypto, and Chequing accounts. Is Wealthsimple safe? Wealthsimple 100% keeps your money safe. How is my cash protected, exactly? Everything is encrypted: Wealthsimple uses state-of-the-art data encryption when handling your financial information and two-factor authentication (2FA) protection. Wealthsimple works with CDIC (Canadian Deposit Insurance Corporation) member institutions to stack your protection to up to $1,000,000 on eligible deposits. Learn more about CDIC coverage Wealthsimple Trade Fees Wealthsimple Trade is the first Canadian stock trading platform to offer c...

  How to Retire Early At The Age Of 31? Before your plan to retire early, you need to know the 5 major money mindsets: It is impossible to retire early on a fixed salary alone. Inflation is an invisible killer that takes away your wealth. You must learn to invest and manage your money. Invest(buy) in assets, not liabilities. Never spend more than you make. No matter your age, learn to invest in yourself first always, this is the best investment in the world.                                                                                Recommend a book of life financial management, called: Quit Like A Millionaire Hear the author's true stories about early retired life  »  # 1   #2   #3 How did the author of Quit Like A Million...

Send money abroad in a fast and cheaper way with EQ  in Canada. What is EQ Bank? Equitable Bank (EQ) is a Canadian physical bank headquartered in Toronto, Ontario, with a history of more than 45 years. EQ Bank is a subsidiary of Equitable Bank, which is a federally regulated bank that manages more than $42 billion in assets. EQ is the first online bank in Canada to complete digitization. During the non-promotional period, EQ Bank is still one of the banks with the highest interest rates in Canada.  Interest rates will change from time to time, go to the official website to check the latest deposit interest rates. 💛GOOD NEWS! Announcing 2% interest. EQ bank is excited to announce an increased everyday interest rate! Effective 2025, the Savings Plus Account, Joint Savings Plus Account, TFSA, RRSP, and FHSA now come with 3.00% interest. Annual interest; calculated daily, paid monthly. I am earning 20 times more interest on my savings account compared to 0.05% on the physical s...

Largest online stock exchange in Canada Questrade Questrade is a self-directed trading platform that lets you create your own portfolio at a lower cost than traditional financial institutions. It is currently the largest online stock exchange in Canada. Questrade was established in 1999 and is headquartered in Toronto.  Is Questrade safe? Questrade is a registered broker of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).  Your account with Questrade is protected indeed, which means your account is protected with $10 million in insurance if this company goes bankrupt. The Questrade account opening process is simple, which is very suitable for investors who live in Canada or study abroad to open an account to invest in a variety of investment products including Canadian and U.S. stocks,  ETFs, GICs, IPOs, bonds, golds, etc.  Got 4.40% rates in a 1-year GIC in EQ bank. Learn more» Why you shouldn't put...