The already-crowded field of savings accounts just became more crowded. Canadian Tire is now offering savings accounts with an introductory interest rate of 3.50%, but this only applies for ninety days from the date of registration. After that, according to the fine print, your money earns interest at a "regular variable rate" of 2.50%.
For as long as I can remember, I've stashed my savings with ING Direct. Their interest rate of 1.5% is really low at the moment, but I've had no problems with them so far. I won't be cancelling my accounts there anytime soon.
On the other hand, I may have some extra Canadian Tire money in my apartment somewhere... :-)
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