How do tax-free savings accounts work?

Answer Tax-Free Savings Accounts were introduced in Canada as part of the 2008 Federal Budget. Residents of Canada who qualify can put funds into this account without having to pay taxes on interest earne... Read More »

Top Q&A For: How do tax-free savings accounts work

Tax-Free Savings Accounts Rules?

The Tax-Free Savings Account, or TFSA, is a savings option for Canadians that is similar to an Individual Retirement Account, or IRA, that is available in the United States. Put into effect in Janu... Read More »

Do escrow accounts need to be in savings accounts?

Escrow accounts are held by third parties and are designed for savings so that bills, such as taxes for mortgages, can be paid, according to Lenders determine whether or not borrowers mus... Read More »

Traditional Savings Accounts?

You know you want to save and invest your money somewhere, but you don't know the best place for your money. There are many options available to the average consumer: a certificate of deposit, stoc... Read More »

How to Compare Yield Savings Accounts?

High yield savings accounts offered by an FDIC-insured financial institution earn interest on funds that may just be sitting in your checking account. Compare and learn about the different account... Read More »