45% of Canadians have no emergency savings. Saving for rainy days is essential because you know, they will come. Open a high interest savings account and set up a $100 or more systematic plan to accumulate funds you know too well, you will need. Manulife Bank has the best rates right now at 1.75% and they offer internet banking linking your chequing account to your savings account. When you need the saved funds, you can simply get them by transferring them back to your chequing account. It is free and we can set one up for you. Just contact us!The only time I would not recommend a savings account is when you have debts to repay which charge a higher rate of interests or if your mortgage is a line of credit where you can put down money and borrow it back in case of emergency. Otherwise, start a savings plan now and live stress free!