Did You Put Your Savings on Cruise Control?

April 01, 2020 | Jason Fields & Curtis Grainger


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Since the start of the year we have seen central banks around the world, including the Bank of Canada, continue to lower interest rates to help support the economy. As this trend has continued over the first quarter this year we have seen interest rates on savings account across all financial institutions fall to historical lows. While we know many of our clients enjoy having cash on hand, we feel it is prudent to be reviewing the options for these deposits with interests so low. Today we are reaching out to remind you to take a moment, review your savings accounts and the current interest rate it is earning. If you have questions regarding your savings accounts and would like to review the options we have for guaranteed products please reach out to us directly.