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 a third of 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  Which top 5 bank accounts are you using now? My personal Chequing Account is CIBC. 1. Chequing Account  I use a CIBC ...

Where can I earn 4.25% 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 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 cash flow ev...

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...