Where Have All The High Interest Savings Accounts Gone?

Have a look at this link, which features a chart of some Canadian banks and their interest rates for their "high interest" savings. As I type this, the chart was last updated December 19, 2009 (it's December 22, 2009).

What's interesting is the history of each account, and how much the rates have fallen. When I opened a H.I. account at one of the banks listed, the rate was over 3%. Now, not so much.

Does this mean rates will go up from here? That's what I've heard! But when, and by how much? I'll guess we'll have to summon up even more patience and wait to see...

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