Wealth Awesome Newsletter

Hey there,

With three recent bank failures in America, many Canadians are wondering if their money is safe in their bank accounts. 

The biggest thing you can do to protect your accounts is to make sure it is Canada Deposit Insurance Corporation (CDIC) insured. CDIC has paid out over $26 billion in insured deposits at failed institutions in Canada over the past 50 years. 

If you're going to park your money into a savings account, I would recommend using a CDIC-insured high-interest savings account such as EQ Bank, which currently offers a savings rate of 2.50%. 

You'll earn much higher interest than at the major banks, and it will be CDIC insured for up to $100,000 in case of any bank failure like our neighbours down south. 

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RETIRE

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DEALS & OFFERS

• PolicyMe - Quick and Free Term Life insurance Quotes 

• 5.00% 1-Year GIC at EQ Bank

• 2.50% interest rate at EQ Bank

Regards,
Christopher Liew, CFA
Creator of Wealth Awesome
Website: Wealthawesome.com