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2 votes

Do High Interest Savings Account (HISA) have an associated risk?

I believe your friend is just being pedantic. (You could ask to be sure what they had in mind.) Regular savings accounts in Canada (both high and low interest) are CDIC insured. The probability of the ...
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4 votes

Do High Interest Savings Account (HISA) have an associated risk?

What is missing from the other answers is the underlying risk - an insurance is only as good as the insurer, here the Canadian Government. In other words, the risk of partial or total loss exists, in ...
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8 votes
Accepted

Do High Interest Savings Account (HISA) have an associated risk?

There is no fixed definition of "high interest savings account" so you'd need to view the disclosures. If you are opening an account at a bank and that account is insured by the government (...
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3 votes

Do High Interest Savings Account (HISA) have an associated risk?

Typically, in finance, "risk" means "variance of returns" - so an investment with high "risk" can gain or lose significant amounts of value in a time period. There are ...
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1 vote

Do High Interest Savings Account (HISA) have an associated risk?

If it's a true savings account, then it won't have any more risk than any other savings accounts. Not zero, but very low if your country has well-regulated banks. The higher interest accounts usually ...
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