Where to park emergency expense money?


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Timon   
Member since: Mar 04
Posts: 297
Location: Greater Toronto Area

Post ID: #PID Posted on: 31-12-07 08:33:03

Hi

I have around $10K saved up for emergency expenses, currently in ING earning around 3.75%. I would like to move it to something which is more attractive,but, easily available in case of an emergency.


I checked SBI and ICICI bank, which gives around 4.5% interest.

Any thoughts/advice would be greatly appreciated.


T


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Desi # 1   
Member since: Dec 03
Posts: 1420
Location: Mississauga

Post ID: #PID Posted on: 31-12-07 08:45:52

SBI super savers account is good. It is chequable.

I will not bet not ICICI Bank because of their poor customer service.



viggy   
Member since: Aug 07
Posts: 569
Location:

Post ID: #PID Posted on: 31-12-07 10:59:16

You can try PC Financial... gives 4.25%.... The difference in int. earned is $25 compared to SBI per year... but can be accessed comparitively easily. They are some way connected to CIBC.



surtalme   
Member since: Nov 04
Posts: 82
Location: ontario

Post ID: #PID Posted on: 01-01-08 11:46:47

Quote:
Originally posted by viggy

You can try PC Financial... gives 4.25%.... The difference in int. earned is $25 compared to SBI per year... but can be accessed comparitively easily. They are some way connected to CIBC.



http://www.banking.pcfinancial.ca/a/rates/savingsPlusAccountRate.page

PC Financial offers 4.1% for deposits more than $1000. CIBC owns PC Financial along with Loblaws I believe.





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