Clients earn interest on money held in the account and can access their funds from an app on their phone, making bill payments, purchases, Interac e-Transfer transactions and more simple and seamless.
After 12 months, you'll have earned only $2.50 in interest. But put that money into a high-yield account at 4.85%, and you'd earn $48.49 over the same period. Plus, since interest compounds ...
The APY and the interest rate are two key figures to know when storing money in a savings account or other interest-earning bank account. Both are expressed as percentages, but an account' ...
This was a polite way of saying that he was prepared to raise interest rates if the demand for money increased too rapidly. But the consensus among U.S. economists last week was that there was ...