What kind of return should I expect on my savings?


Some kinds of savings and investments are very safe. There is very little or no risk you will lose money. But your money often grows more slowly. For example, savings in a bank account may grow only two or three percent yearly.

Other kinds of investments are higher risk. They may grow your money faster — but only if the investment works out. Just remember you could also lose money if it doesn’t. And you don’t know for sure how it will turn out.

Lower risk investments include:

Savings accounts
Guaranteed Investment Certificates (GICs)
Canada Savings Bonds

Higher risk investments include:

Mutual Funds
Exchange-Traded Funds (ETFs)


There are numbers of investment options available in market through which you can expect higher returns. However when you expect higher returns, you need to make bolder yourself as that time you invest with plans having higher rate of risk.

In other case when you plan to invest with safe and secure investment schemes, your return would be less but a definite and predefined savings you will have in the end.

Its totally upto you with which you want to continue. It is necessary that you should aware of such these plans available in market. Time also matters, means to say your return rate will always depends upon the maturity period you choose for your investment.

It is always best to choose best investment plan for 3 years or 5 years. When you choose investment schemes below 3 years, the return rate will be no more high. On the other hand when you choose the investment option for more than 5 years or 10 years, then it is such a long time which also can make you feel bad at the time of emergency.