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3:50 pm
April 21, 2009


Ryan

Guest

I have about 37500 cash (all I have no house etc.)
I would like to buy a house sometime in the future so my money needs to be 100% secure. My banks interest rate (scotia) dropped to 1.25%.
Im am pretty much losing my money in this account what should I do?
I dont want to lock my money in for too long, a year at the max (preferably not at all).

I've looked at a few things like Government of Canada Bonds "not canada savings bonds" they seem interesting but I cant find much info on them ie how to buy, interest payed, etc.

If you have any idea's or info I'd appreciate it, thank you.

Ryan.

4:59 pm
April 21, 2009


Selby

Guest

With reduction of the Bank of Canada rate today anybody getting over 1 % in a bank will be getting High interest. I suspect it will be grim for sometime.

7:19 pm
April 21, 2009


Hall

Member

posts 3

agreed

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