The Seniors Savings Plan (SCSS) is a government plan that allows seniors to save retirement funds and earn quarterly interest on the deposit. This account can be opened at any bank or post office and has a lifespan of 5 years which can be extended up to 8 years. Eligibility criteria A person who has […]
Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We may receive a commission when you click on links to our affiliate partners’ products. Interest rates on savings accounts have been nearly halved amid the economic fallout from the coronavirus pandemic, but it’s still […]
Image source: Getty Images Rates are unlikely to rise any time soon. Here’s what you can do. Less than a year ago, it wasn’t hard to find high-yield savings accounts that offered 1.50% APY or more. Some had APYs above 2.00% APY. Now, thanks to the pandemic-induced recession, you’re lucky if you can find half […]