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incredibleworkethic · 12-31-2013, 06:22 AM

When do savings accounts rates increase (canada for example)?

Are the low savings account rates (compared to the last 5-10 years) tied together similarly due to the low mortgage rates we're experiencing?

In Canada, we're thinking rates are going to increase for mortgages in 2014/2015, if so, will savings accounts returns go higher?

Sorry if this is a stupid question I couldn't find out the answer on my own.

12-31-2013, 06:22 AM
incredibleworkethic Confirmed User Industry Role: Join Date: Sep 2009 Posts: 2,302	Quick question about savings When do savings accounts rates increase (canada for example)? Are the low savings account rates (compared to the last 5-10 years) tied together similarly due to the low mortgage rates we're experiencing? In Canada, we're thinking rates are going to increase for mortgages in 2014/2015, if so, will savings accounts returns go higher? Sorry if this is a stupid question I couldn't find out the answer on my own.