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Savings are slowly dripping away as deposit interest lags far behind inflation | iNFOnews

TORONTO - The savings accounts of Canadians have sprung a leak.

United statesNatasha macmillanTijana martinIan bickisClaire celerierClayton buckinghamTijana martin bankTd bankUniversity of toronto rotman school managementRotman schoolStatistics canadaOaken financialCarl de souzaNorth americanCanadian press

Canadians' savings are slowly dripping away as deposit interest lags far behind inflation

“They will lose money. The value of their savings is decreasing.”

United statesNatasha macmillanIan bickisClaire celerierClayton buckinghamTd bankUniversity of toronto rotman school managementRotman schoolStatistics canadaOaken financialCarl de souzaNorth american

Savings are slowly dripping away as deposit interest lags far behind inflation

The savings accounts of Canadians have sprung a leak.

United statesNatasha macmillanClaire celerierClayton buckinghamTd bankUniversity of toronto rotman school managementRotman schoolStatistics canadaOaken financialCarl de souzaNorth american

Inflation: Savings slowly diminish as deposit interest lags

The savings accounts of Canadians have sprung a leak. As inflation tops eight per cent, anyone with money in the bank is seeing their savings drip away at the fastest rate on record because interest rates for savings accounts, still largely languishing at around one per cent, haven t kept up.

United statesNatasha macmillanClaire celerierClayton buckinghamTd bankUniversity of toronto rotman school managementRotman schoolStatistics canadaOaken financialCarl de souzaNorth american

Canadians' savings are slowly dripping away as deposit interest lags far behind inflation

Canadians' savings are slowly dripping away as deposit interest lags far behind inflation
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United statesNatasha macmillanIan bickisClaire celerierClayton buckinghamTd bankUniversity of toronto rotman school managementRotman schoolStatistics canadaOaken financialCarl de souzaNorth american

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