Facts, Facts and More Facts: High Interest Savings Account (HISA) Balances Continue to Grow
Despite historically low yield levels, downtrending and volatile equity markets, the second half of 2011 proved a boon for short-term deposits. High interest savings accounts (or HISAs) ended 2011 with $229 billion in balances outstanding, an expansion of $23 billion or 11% in the second half of the year (up 14% for the entire year). The cited metrics are derived from Investor Economics’ database which tracks Canadian premium savings accounts, among other deposit products. For more information on news and developments concerning the Canadian deposit marketplace, please see the upcoming issue of Deposits and Fixed Income Advisory Service. http://investoreconomics.com/issue/deposit-and-fixed-income-advisory-service-2 Posted by Bonnie Ho, firstname.lastname@example.org.