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Savings Account Interest Rates - A Comparison
#1
Okay, let's start with a general survey - what's the classic range of interest rates you'd anticipate to see on savings accounts in Canada correct now?
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#2
I consider it varies significantly based on the type of account (e. G., high-yield, regular), the bank's risk patience, and current sector conditions - is there a significant trend?
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#3
How do different deposit sorts affect interest prices - are on-line accounts commonly supplying higher yields than brick-and-mortar ones?
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#4
Are promotional gives impacting overall interest earnings, or is it largely based on the account's risk profile?
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#5
Considering longer-term savings possibilities versus shorter-term savings - what's the variation in potential yield over time?
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#6
Do you assume inflation has a significant influence on savings account interest rates, and how does that play out?
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#7
What role does the maturity of the deposit play in determining the interest rate offered? Are longer term deposits generally more lucrative?
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#8
How do different financial regulations influence interest rate competition between banks?
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