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Savings accounts?


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Can anyone recommend a gooder? Something with high yield in a short(ish) period that I couldn't touch for a pre-determined amount of time?

You might consider a GIC (Guaranteed Investment Certificate). I bank with CIBC, which offers them in various forms and for varying periods of time (as short as 30 days), but I assume other banks offer the same kind of thing.

http://www.cibc.com/ca/gic/index.html

Aloha,

Brad

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Can anyone recommend a gooder? Something with high yield in a short(ish) period that I couldn't touch for a pre-determined amount of time?

ING direct? I've heard good things, any suggestions or comments?

What you're looking for isn't a savings account, it seems, but a term deposit. Savings accounts are always available to you, not non-redeemable, like GICs, bonds etc. Bear in mind that rates are extremely low right now so you're not going to find a high-yield option.

For a look at current rates go here:

http://money.canoe.ca/rates/

As far as high-yield savings accounts go, ING is popular. I have an RBC e-banking one that gives me 3%. Not great, but not terrible.

Hope that helps.

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