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Month: October 2020

Savings scheme

Seniors Savings Plan: How to open a Seniors Savings Plan

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 […]

Posted on October 26, 2020November 22, 2021 Author Patti E. Smith Comments Off on Seniors Savings Plan: How to open a Seniors Savings Plan
Savings account

How to Choose a High Yield Savings Account

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 […]

Posted on October 23, 2020February 5, 2022 Author Patti E. Smith Comments Off on How to Choose a High Yield Savings Account
Savings account

Is my High Yield Savings Account still worth it?

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 […]

Posted on October 19, 2020February 6, 2022 Author Patti E. Smith Comments Off on Is my High Yield Savings Account still worth it?

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