High-Interest Savings Accounts Explained: Double your savings faster!

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Need a place for emergency funds or short-term savings? Regular accounts earn almost nothing. Many Canadians missed that while mortgage rates rose, chequing and savings rates stayed low. A high-interest savings account (HISA), or high-interest yield account (HYSA) helps your money grow and double faster, fighting (although not keeping up!) with inflation. We’ll also talk about how to choose the best high-interest savings accounts in Canada 2024 and avoid common mistakes. #HISA #CanadianSavingsAccount #HighyieldSavingsAccounts #livingincanada

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**DISCLAIMER: I am not a financial advisor, consultant, or real estate agent. This video is for entertainment purposes only and should not be considered as financial advice**

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I am not a lawyer, not an immigration agent, and not a financial advisor or tax consultant. I'm just sharing my experience and knowledge in the hopes it can be useful to you. Please always do your own due diligence and research before deciding to purchase or sign up for any financial product or service!