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Chris W. Rea
Chris W. Rea
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The highest in Canada that I've found is 2.8% interest, compounded annually where the interest is calculated daily. I have $2000, and the initial amount and the interest earned is guaranteed by a governing body. Though

Though, I spoke to some people and they suggested since I don't have much, ~10K in total, the interest earned on a 2000k deposit won't be that much to begin with. I

I know that growth it's is not linear, but will a small amount really matter? Should I put in the 2K or wait a bit and put in more when I have more? I'm 22.

The highest in Canada that I've found is 2.8% interest, compounded annually where the interest is calculated daily. I have $2000, and the initial amount and the interest earned is guaranteed by a governing body. Though, I spoke to some people and they suggested since I don't have much, ~10K in total, the interest earned on a 2000k deposit won't be that much to begin with. I know that growth it's is not linear, but will a small amount really matter? Should I put in the 2K or wait a bit and put in more when I have more? I'm 22.

The highest in Canada that I've found is 2.8% interest, compounded annually where the interest is calculated daily. I have $2000, and the initial amount and the interest earned is guaranteed by a governing body.

Though, I spoke to some people and they suggested since I don't have much, ~10K in total, the interest earned on a 2000k deposit won't be that much to begin with.

I know that growth is not linear, but will a small amount really matter? Should I put in the 2K or wait a bit and put in more when I have more? I'm 22.

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user2738698
user2738698
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Should I put a small amount of savings in a high interest savings account?

The highest in Canada that I've found is 2.8% interest, compounded annually where the interest is calculated daily. I have $2000, and the initial amount and the interest earned is guaranteed by a governing body. Though, I spoke to some people and they suggested since I don't have much, ~10K in total, the interest earned on a 2000k deposit won't be that much to begin with. I know that growth it's is not linear, but will a small amount really matter? Should I put in the 2K or wait a bit and put in more when I have more? I'm 22.