Back to learn
How do interest rates affect my savings?
Rounding it up
Interest rates aren’t just about the money you owe lenders for your car or home — they also tell you about the money you can expect to make from investments.
For example, savings vehicles; from simple savings accounts to complex retirement savings, they are all affected by interest rates in one way or another
Understanding how interest rates affect different types of savings and investments can help you plan for your financial future.
Dan Bucherer
Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.
Related articles
Bank of Canada raises interest rates
3 mins
Clay ShiffmanThe Bank of Canada announced that it was hiking its key overnight rate to 3.25% to combat inflation. Here's what you need to know and how it affects you.
Bank of Canada raises interest rates
3 mins
Clay Shiffman
The Bank of Canada announced that it was hiking its key overnight rate to 3.25% to combat inflation. Here's what you need to know and how it affects you.
#interest rates
#inflation
#debt management
What effects do low interest rates have on the economy?
5 mins
Dan BuchererYou’re likely tempted to take advantage of low rates, but how do they affect the economy?
What effects do low interest rates have on the economy?
5 mins
Dan Bucherer
You’re likely tempted to take advantage of low rates, but how do they affect the economy?
#interest rates
#Bank of Canada
#economy
Should your spending change when interest rates rise?
6 mins
Dan BuchererThey say rising tides raise all ships; this is true for interest rates too, if you know how to adapt.
Should your spending change when interest rates rise?
6 mins
Dan Bucherer
They say rising tides raise all ships; this is true for interest rates too, if you know how to adapt.
#interest rates
#Bank of Canada
#economy
Which assets do well with rising interest rates?
5 mins
Dan BuchererInterest rates affect everything we do from buying cars to saving for retirement; learn what you need to know to take advantage of rising rates.
Which assets do well with rising interest rates?
5 mins
Dan Bucherer
Interest rates affect everything we do from buying cars to saving for retirement; learn what you need to know to take advantage of rising rates.
#interest rates
#recession
#Bank of Canada
#stock market
How do interest rates impact the stock market?
8 mins
Gaby PilsonWhen interest rates rise, stock prices tend to fall. But why and how does this happen? Read on to learn more!
How do interest rates impact the stock market?
8 mins
Gaby Pilson
When interest rates rise, stock prices tend to fall. But why and how does this happen? Read on to learn more!
#interest rates
#stock market
#Bank of Canada
#Economy
What are the pros and cons of inflation for consumers?
4 mins
Dan BuchererMore money in your pocket is good right? When it comes to inflation the answer is mixed.
What are the pros and cons of inflation for consumers?
4 mins
Dan Bucherer
More money in your pocket is good right? When it comes to inflation the answer is mixed.
#inflation
#wage growth
#investment
#debt