Does It Make Sense to Keep Money in Chequing to Waive Bank Account Fees?
You can waive a $30.95 monthly bank account fee ($371/year) by maintaining $6,000 in your chequing account earning 0% interest. But if that same $6,000 sits in a high-interest savings account like EQ Bank (use code for $20 off when opening and funding with $100 minimum), it generates interest earnings based on current rates and…