Big Five Banks Don't Want You Seeing This (2.90% vs 0.05%)

Описание: Here's my FREE Newsletter -https://cpa-money-mentor.kit.com/9d9f...

If you're keeping your emergency fund at a Big Five bank, you're losing $6,000-$13,000 over the next 10 years.

I'm breaking down the 5 best high-interest savings accounts in Canada right now, the ones you need to avoid, and exactly how much this decision matters for your financial security.


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📊 TIMESTAMPS:
2:00 - Top 5 banks in Canada
2:15 - #1: Neo Financial (2.90%)
3:00 - #2: EQ Bank (2.75%)
3:45 - #3: WealthONE Bank (2.60%)
4:15 - #4: Canadian Tire Bank (2.40%)
4:45 - #5: Hubert Financial (2.30%)
5:30 - Banks to AVOID
5:45 - Big Five banks (RBC, TD, BMO, CIBC, Scotiabank)
6:30 - The promotional rate trap (Tangerine, Simplii)
7:00 - Wealthsimple's surprisingly low rate
7:30 - The real cost: 10-year scenarios
8:30 - Action steps you can take this week



⚠️ CORRECTION:
I missed Oaken Financial in this video - they offer 2.80% which would rank #2 on this list. See pinned comment for the corrected ranking. This is why I always recommend checking multiple sources before opening any account!

🏦 CORRECTED TOP 6 RANKINGS:
1. Neo Financial - 2.90% ($20k+ required) or 2.25%
2. Oaken Financial - 2.80%
3. EQ Bank - 2.75% (No minimums)
4. WealthONE Bank - 2.60%
5. Canadian Tire Bank - 2.40%
6. Hubert Financial - 2.30% (Unlimited deposit insurance)


All banks mentioned are CDIC insured (or provincially insured with equivalent/better coverage). This video focuses on maximizing returns for Canadian emergency funds and savings accounts.

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🎯 ABOUT ME:
I'm Toyin, a CPA and financial planner in Canada. I help Canadians build wealth through clear, practical financial guidance on saving, investing, and tax planning.


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DISCLAIMERS:
Interest rates are current as of [recording date] and subject to change
This is educational content, not personalized financial advice
Always verify current rates with financial institutions before opening accounts
Consult with a licensed financial advisor for personalized recommendations
I am not affiliated with or compensated by any banks mentioned in this video

#HighInterestSavings #CanadianFinance #EmergencyFund #CanadianBanking #HISA #EQBank #SavingsAccounts #FinancialPlanning #WealthBuilding #PersonalFinanceCanada