Which bank do you use for your HISA?
I want to open my first high-interest savings account and I’m realizing I don’t actually know what counts as a "good" rate or which bank I should go with.
I need to work on building an emergency fund, and I want to save up for a trip that’s probably about 3+ years away. I also just want to have a rainy day fund for anything unexpected that comes up.
One thing I know is that I don’t want to keep this money at my regular banks (RBC & Scotia). I struggle with self-control, and if the money is too easy to get to, I know I'll eventually start using it instead of leaving it alone.
So, where would you keep savings like this if you wanted a decent interest rate but didn't want it to be too easy to dip into?
For those of you with a HISA, which bank or online bank are you using?
What would you consider a decent rate these days?
Do you switch banks for promotional rates, or do you stick with one that offers a steady rate?
Have you run into any issues with transfers, customer service, or anything else that someone opening their first HISA should know about?
I’m not looking for investment advice. I’m just trying to find a safe place to keep my savings.