As the saying goes, slow and steady wins the race. You don’t necessarily need a lot of money to have a strong investment portfolio. If you save regularly – even if it means setting aside a small amount of money each paycheque – and choose the right solutions for your needs, you can enjoy big payoffs.
We always start by getting to know you. What keeps you up at night? What level of risk are you comfortable with? Are you saving for something in the near future like a trip or down payment and need easy access to your money, or are you comfortable parking your savings in a longer term investment?
Whatever your needs, we have the solutions to meet them with a range of both short and long term investment options.
Given the rocky economy over the last few years, a lot of people don’t want to lock their money in long-term options, especially now that rates are starting to trend upwards again. And the forecast is indicating that rates are going to continue to rise, which is another reason to think about keeping your money in shorter-term investments.
The new Online Savings account gives you the best of both worlds: a high rate with low risk and easy access to your money. In fact, the rate is around what you would normally get for a 3-year GIC.
Since it’s all done automatically, you don’t have to force yourself to set aside money. You’re always in control, you can change the amount you want to contribute at any time, and you can access your money whenever you need to – instantly. And when you set up automatic savings, you don’t have to keep a minimum balance in your account to get the best rate in the market.
To start saving today, click here.