OVERCOMING THE BARRIERS TO YOUR SAVINGS GOALS

For many Canadians, making regular contributions toward savings goals, even small ones, helps build a sense of progress.

But it’s not always easy. According to a recent Angus Reid survey, Canadians saving under $15,000 identified bank fees and low interest rates on savings accounts as two big barriers.

One important step in overcoming these barriers is finding an interest rate structure that can support savings plans. Consumers should shop around and make sure they’re researching to find the best options for them. It’s important to read over the fees and conditions of any account carefully.

Savers sometimes encounter high promotional rates that drop significantly after an intro period.

Other accounts, such as The PC Money Account, don’t charge a monthly fee or use time-limited promotional rates.

Comparing fee structures can help Canadians make informed decisions to make their money go further and reach their financial goals faster.

More details are available at pcfinancial.ca

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2025-08-07T17:06:42Z