Retirement 101 eBook - 3D

Join Our Newsletter!

Sign up now to join thousands of other visitors who receive our bi-weekly newsletter and latest personal finance tips. You will also receive our FREE eBooks.

Author

Photo of author
Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. His writing has been featured or quoted in the Toronto Star, The Globe and Mail, MSN Money, Financial Post, Winnipeg Free Press, CPA Canada, Credit Canada, Wealthsimple, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

7 thoughts on “Best TFSA Savings Accounts Rates in Canada (2021)”

  1. I was wondering let’s say if I put $10000 how its work every month it will be calculated and i will get $200 extra or every year I’ll get 200? Sorry never had a savings account before 🙂

    Reply
    • @Matt: If you fund your savings account with $10,000 at a 2% savings interest rate, your annual interest earned will be approximately $200. It is actually slightly higher than that when the interest rate is calculated daily and paid out monthly, however, that ballpark figure is very close. The $200 interest you get assumes that you do not make any additional contributions during the year.

      Reply
Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

16 Shares
Share
Pin
Tweet
WhatsApp
Reddit