Daily interest savings

[farming101]

It amazes me that banks still offer "savings" accounts with daily interest.

One bank offers .01% to .05% calculated daily paid monthly, depending on the type of account
On 10K that is one to five dollars per year.

Going to paperless statements is where the big money is these days.

[Guest]

wonder if there will be any RRsp specials ?
SCU offering 1.7 for 33 months

[blackpowder]

There'll be a special when you turn 70 all right.

[canolacrazy]

Achieva Financial offers 1.5 % on regular savings account.

[Richard5]

I wouldn’t even consider fixed rates right now. If you want something safe and a good and above average return look at Emera, Fortis, Canadian Utilties and if a little brave, TC energy. There are many real estate stocks with a good return also like Centurion or Riocan.

[foragefarmer]

Canadian bank stocks, great dividends, steadily go up, and very secure. Buy on the dips, you can't go wrong.

No brainer!

[GDR]

Canadian bank stocks, great dividends, steadily go up, and very secure. Buy on the dips, you can't go wrong.

No brainer!

Banks have done real well for a long time but I dont know, if the shit does hit the fan they are gonna take it pretty hard.

[ajl]

Eqbank: 1.5% on high interest savings and 2.3% on TFSA and RRSP for now. Then 1.8% GIC for 6 months. Rates will be higher by fall. Have to make sure that you stay under $100K for guarantee but TFSA and RRSP are separate and guarantee applies to all of them. The financial industry will be consolidated one day but who knows which ones will go under. Their rates have beaten the return on equity at most businesses and farms over the past few years as their has not been land inflation locally for some time. May be going higher right now but has not been for a while.

[Rareearth]

And if the rel inflation rate is 3%, how much are you making or saving? Or as some will comment not losing.

The rates are like grain basis levels that the grain companies offer. When rates are this low the market is telling you to invest it elsewhere. And that’s why the stock markets are booming, with the extra cash float, it goes anywhere but the savings account.

Different times than Chilton and the “wealthy barber” book

[Austrian Economics]

The miracle of zero percent interest. It wasn't all that many years ago that essentially risk free term deposits could earn you enough to live on. If you want those kinds of returns now, you have to speculate on capital gains appreciation with all the attendant risk.

Manitoba Hydro recently floated some 100 year interest only bonds. They pay 3% but the capital won't be returned for a century. That's a good indication of where this is all headed.

[Austrian Economics]

In Switzerland, commercial chequing accounts are charged a fee for the privilege of having a liquid funds account. That will be the norm here before long.

[shtferbrains]

Canadian bank stocks, great dividends, steadily go up, and very secure. Buy on the dips, you can't go wrong.

No brainer!

In your experience, is there any clear leaders?

Have you ever had to cash out a slide or do you just ignore the market price and look at it as long term?

How long before the earnings report do you have to own it to get the dividend?

[MBgrower]

In your experience, is there any clear leaders?

Have you ever had to cash out a slide or do you just ignore the market price and look at it as long term?

How long before the earnings report do you have to own it to get the dividend?

you can google a stocks ex-dividend date to find out when you had to own it in order to receive the dividend. Cad banks have been a no brainer to buy and hold the last 20 years.

[foragefarmer]

In your experience, is there any clear leaders?

Have you ever had to cash out a slide or do you just ignore the market price and look at it as long term?

How long before the earnings report do you have to own it to get the dividend?

MBgrower, answered the dividend question.

Any of the Big Five. Never sell, buy and hold. Very simple, trying to time market is not wise at anytime!