Where are the high-% online savings accts for Canadians??

[teddyFBI]

INGDirect Canada's savings rate is a paltry 3.5%
Competitive rates for ING / HSBC / Emigrant in the US seem to be up around 6%.

What gives?
Any tips for Canucks?

p.s. not looking for any sympathy from americans, i know. just hoping to be pointed in right direction.

[1C5]

Yeah I don't know why ING canada sucks balls compared to US ING, makes no sense to me.

[pyedog]

Wow, Americans can get 6% interest for online savings accounts? That's amazing.

I use PC Financial and get 4% interest from their long term savings account. It's pretty convenient to use as I can transfer money from my chequing account there to the savings account online. I think there's a $1K minimum balance required for the 4% interest rate in the savings account.

[Gildwulf]

[ QUOTE ]
Yeah I don't know why ING canada sucks balls compared to US ING, makes no sense to me.

[/ QUOTE ]

Because the governments have different interest rates.

[morello]

PC Financial has a 4% interest rate with the possibility of up to 0.3% bonus I think, depending on how long you've had the account.

Etrade Canada has been advertising a "Cash optimizer" account which pays 4.15%. I haven't looked into it yet but I will soon.

[detruncate]

Achieva might be worth a look too. There's an article about the eTrade cash optimizer account here.

[Xcalibur]

If anyone really wants to know why Canada's ING interest rate are different than US, just compare US Federal Reserve interest rate vs Bank of Canada's interest rate.

[Apathy]

Basically the Canadian economy is better then the US right now, hence lower interest rates. (yes i know its more complex then that)