There is a bit more welcome competition for your savings accounts. For years, ING Direct has been offering a savings account that offers a very good interest rate with no fees. Now, ICICI Bank, a large Indian bank is also offering CDIC-insured high interest savings accounts. Set up an account with any of the following banks and start saving money:
ING Direct: 2.40%
American Express: 2.40%
ICICI Bank: 2.75%
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2 responses so far ↓
1 Neville // Dec 17, 2004 at 7:07 pm
I had a $5,000 savings account that I recently cancelled in order to make higher gains elsewhere. Even 2.4% is quite low. Remember the days of 6% and 10% interest rates!
2 lizzie // Oct 15, 2007 at 5:01 pm
try hsbc @ 6%
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