The best high-interest savings accounts in Canada for 2024 + MORE Dec 30th

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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.

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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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Without a doubt, it’s been a rollercoaster ride for Gen Z this year. Young Canadians faced many financial challenges, from housing affordability to rising grocery prices and navigating an unstable job market. Although these issues will spill over into the new year, there are ways to prepare. Here are five things that will likely impact Gen Z in 2024, and what you can do about them.

1. A recession will make work more precarious for young workers  

Depending who you ask, Canada may or may not currently be in a recession. Either way, the reality is that big banks, tech companies and other employers have announced mass layoffs in recent months. It’s been a bumpy year for many young employees. 

With so much uncertainty, you should prepare financially for the possibility of losing your job in 2024—even though this is the worst-case scenario. Along with women and racialized employees, young adults are often the most vulnerable to layoffs, as we saw during the COVID-19 pandemic…