High Interest Savings

A valuable addition to your investment portfolio

WHAT IS IT?
A high interest savings account is exactly that - a savings account with a high interest rate. It ensures you have a safe and accessible place to put your money and generally has a higher interest rate than most traditional savings accounts.

WHY SHOULD YOU USE A HIGH INTEREST SAVINGS ACCOUNT?
An increasingly popular product, high interest savings accounts aren't a replacement for your regular savings account. Instead, they are intended to supplement them. Generally, a high interest savings account is for money you don't intend to touch for a while.

			Accessibility - Unlike GICs, where your money is locked away
			for a set period of time, high interest accounts let you access
			your money anytime you want or need to.
			Investing Small Sums - You can invest as much or as little as
			you want, unlike mutual funds or stocks because of their
			potentially higher fees.
			Safety - Although interest rates may fluctuate, you will never
			lose any money. Your principal and interest earned are
			protected with Canada Insurance Deposit Corporation (CDIC),
			up to $100,000 per Canadian chartered bank. Conditions may
			apply, so ask your advisor for further details.

INCORPORATE INTO YOUR FINANCIAL GOALS
With its many benefits, a high interest savings account is a great option for new investors or those who want liquidity with their funds. With saving three to six months of living expenses being the recommended practice, a high interest savings account is a valuable investment tool to help ensure your future financial security.

Visit your Rice Financial advisor for more information on this and other investment and insurance opportunities.