December 19, 2020
The Business Times
While it s great to have a savings account, it s not news that typical savings account interest rates are quite low, making it tough to make a considerable return by just having your money lie there.
Whether you have a lot of savings or not too much, there are several ways you can put your money to work to plan for your future. We listed four great ways to grow your savings faster in a little-to-no-risk environment.
1. Open a Regular Savings Plan account
Regular Savings Plans (RSPs) are great for those looking for high returns over a short period of time. This is because the money that you put in monthly is invested into the stock market, so both your account and the interest earned on it grow in tandem.