The Toronto Star – Craig Wong
“Parents hoping to teach their children the power of compound interest on their savings today will have a harder time than parents in the 1970s and 1980s, when interest paid on savings accounts soared above 10 per cent compared with rates today, when even the highest-paying savings accounts sit in the low single digits. But earning interest isn’t the only reason parents would want to help their children open a bank account of their own.” (more)