4 Low Risk Alternatives to Chequing Accounts Jan 27th

Insurance policy getting you down? There are always sound insurance alternatives.
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What you need to know before starting a home renovation Feb 8th

Q. I’m about to start a home renovation. What type of paperwork and contracts should I have with the contractor? And do I need any type of insurance in case anything goes wrong, or am I already covered under a home insurance policy? –Sharon A. These are all good questions, Sharon. Let’s start .... More »
 life insurance

Becoming “Later In Life” Parents Feb 4th

Life Insurance Needs For Older Parents In the past 25 years, there has been a growing trend to postpone parenthood until later in life. Many Canadians are choosing to focus on career, financial security, and other pursuits, before starting to raise a family. For those who wait until later in life to.... More »
 life insurance

Walmart Rewards Mastercard alternatives: the 9 best Walmart credit cards Feb 16th

The mega-retailer Walmart has grown considerably over the years, from its humble origins as a small store in 1960s Arkansas to the worldwide chain it is today. The company’s Canadian history started in 1994, beginning with the acquisition of 122 Woolco stores. A lot has changed in the past 25 year.... More »
 auto insurance

How to Save on Life Insurance + MORE Feb 20th

The brokers here at Baker & Baker Benefits have been helping Canadians get life insurance for several years now, and we enjoy passing on our knowledge and experience to the Canadian public. In keeping with this spirit, here are some insightful tips on how to save money when buying a Canadian lif.... More »
4 Low Risk Alternatives to Chequing Accounts
Investments like stocks, mutual funds, or cryptocurrencies carry some level of risk which you might shy away from for a variety of reasons. Whether you’re saving for college, getting ready to buy a house, or nearing retirement, if you’re looking for safer investment options, here are some of the most common low-risk alternatives for Canadians.
Savings Accounts
While large, traditional banks may only offer minuscule interest rates, some high-yield savings accounts will pay you a reasonable rate of return. Newer, online-only banks offer savings accounts that pay as much as government bonds. Examples include EQ Bank, Motusbank, and Wealthsimple, which each pay at least a 2% annual interest.
High-interest savings accounts can be a great investment option because your cash is liquid—this means you can withdraw your funds whenever you chose without penalty. Plus, savings accounts are insured for up to $100,000 by the Canada Deposit Insurance Corporation, so you won’t lose your money if the financial institution fails…

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