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)