any investment specalists in here??

[forreal]

hey guys what bank do u guys choose to store your savings with?? ie. does anyone know which bank offers the highest savings account rate??..i found pc financial to be the highest with 2.75%..does anyone know if theres a bank wiht a higher interest rate? thanks

[Billip]

Re: any investment specalists in here??

hey guys what bank do u guys choose to store your savings with?? ie. does anyone know which bank offers the highest savings account rate??..i found pc financial to be the highest with 2.75%..does anyone know if theres a bank wiht a higher interest rate? thanks

ING Direct has 3% savings accounts. I would only keep money in such a low return "investment" if you needed quick, easy access to it. 3% sucks as far as returns go.

[liquid]

Re: any investment specalists in here??

Keep only what you need in your savings account. Any spare money that you don't need in the coming months should be put into the Money Market, GIC's, etc.... depending on how soon you will need that money again.

[Canadian Turbo]

Re: any investment specalists in here??

I use ING for my short term savings, find it very easy and convienent to use and never a service charge either.

[stefan]

Re: any investment specalists in here??

ing has about a 1-2 day turnaround to get to my cibc account. they work well for 3%. anything you can do without for a while.. yeah, 3% is weak.

[forreal]

Re: any investment specalists in here??

ing direct i heard about them but really wasnt too sure about them since they dont have any branches here locally...1-2day turn around time isnt bad at all..i guess ill check them out then...thanks guys

[FlyBoy]

Re: any investment specalists in here??

I don't think ING has branches anywhere, but I have seen their ATMs in Canadian Tire before.

Bank of Montreal is 2.6%, highest of the mainstream banks. You can transfer online and it goes through right away, assuming you have another account with them, should only be a day or two otherwise.

[Mefro]

Re: any investment specalists in here??

At scotia we have 2.6% aswell. And these rates vary with the market conditions. ING may offer 3% but you get no service either. If it is a fair amount of money ,and you do need it liquid maybe get a cashable GIC. Will probably get a better rate, with out completely locking it in.

[stefan]

Re: any investment specalists in here??

you do get a debit card with ing.. you will pay a service charge to whatever bank you withdraw the funds from, because i think there is only one ING debit machine in calgary. but in a pinch, the money is available now. as far as service goes, their phone support is good. you cant go in to a branch, which i guess can be a bad thing, but I usually do everthing I can to avoid going to a bank anyways. at least over the phone you can just hang up and redial if the last service rep pissed you off.