Canadian High Interest Savings Bank Accounts

kilarney,

My preference for this kind of thing, is to set up a stock portfolio with TD Waterhouse and stick with conservative TSX60 stuff paying the best dividends. This is a good website for keeping track of TSX60 data:

http://www.thefinancialblogger…..te-and-ytd

I am mostly into maintaining banks paying the best dividends (BMO 4.39%), although I also like BCE (5.26%) because tends to have a pretty good track record for paying some of the highest dividends.

If you have $100,000+ to play with, then a zero-support TD waterhouse online account without an advisor is a good option, with trades costing $10 per trade. Online trading is pretty simple, i.e. even I can do it!

With managed accounts, by the time they deduct their management fees, you aren't much better off than with a high interest savings account.