This simple interest calculator has three parameters to enter:
Interest type – select Simple or Compound interest
Deposit – you initial $ amount you wish to deposit into your savings account.
Years of savings – number of years for how long you’ll keep money in this account.
Interest rate – what is interest rate % you expect to get
Top 3 highest savings interest accounts
You can get 2.5% interest rate with Bridgewater Bank’ Smart eSavings account.
Okean Financial offers 2.3% interest rate
With B2B Bank high interest savings account you can earn 1.6%
The best GIC accounts
Canadian Tire Bank offers the best interest
3.35% rate for 5 years GICs
Laurentian Bank of Canada also offers one of the best interest
3.3% rate for 5 years GICs
Home Equity Bank offer 3.1% interest rate for 5 years GIC
Open savings account if you have some spare money in your chequing account and you don’t want to put it into long term GIC account. Below there is a list of best high-interest savings accounts in… Continue reading
This is list of GIC (Guaranteed Investment Certificate) rates available at Canadian Banks. It should help you to choose the best rate for long term and safe deposit. You can use savings calculator to… Continue reading
Compound interest savings can seem like a complicated system to get your hand around but it’s … Continue reading