Canadian High Interest Savings Bank Accounts

Down to 3.00% starting April.

djino

Yes, I think we still haven't seen the rates finished dropping just yet either unfortunately.

With the banks getting free taxpayer bailout money they don't need depositors as much anymore. But in the next year or two rates can only go up.

It's not really that well known, but here you go…

Canada's Bank Bailout
October 10, 2008

The 64 billion dollar budget deficit should come as no surprise.

It is directly related to a 75 billion dollar bank bailout program for Canada's chartered banks, announced, virtually unnoticed, four days before the October Federal election.

First Tranche: October 10: $25 billion. Already disbursed.

Second Tranche: November 12: $50 billion.

http://www.globalresearch.ca/index.php?context=va&aid=12007

and…

Ottawa triples bailout cash
THE CANADIAN PRESS
Nov 12, 2008

Offers $50B more to banks to ease credit crunch.

The plan is meant to take billions of dollars in mortgages off the books of Canada's big banks, which would then give them the financial capacity under current regulations to lend more money for consumer and student loans, lines of credit and corporate loans to help stimulate spending and economic growth in the flagging economy.

http://www.thestar.com/News/Canada/article/535392