TFSA transfer offering from ALLY Canada | Ally | Discussion forum

High Interest Savings Best Tips: $100 prize each week for the most useful forum post!
 

 
Current User: Guest Login Register
Please consider registering


Register? | Lost Your Password?

Search Forums:


 






Minimum search word length is 4 characters – Maximum search word length is 84 characters
Wildcard Usage:
*  matches any number of characters    %  matches exactly one character

Discussion forum Ally TFSA transfer offering from ALLY Canada

TFSA transfer offering from ALLY Canada   
Page:   1   Reply to Post Add a New Topic
No Tags
UserPost

2:40 am
December 13, 2009


Dave

Guest

  Quote and Reply
  Report Post
Print this Post
1

Ally Canada is offering up to $50.00 to offset any fees charged by other Financial Institutions to transfer your current TFSA to Ally Canada. The
$50.00 will be deposited into your Ally HISA when the transaction is completed.
This should make it easier for those wanting out of their current Institutions with lower rates that are charging for TFSA transfers. Ally Canada's TFSA – HISA currently offers 2% as well as decent GIC rates. For those interested in moving their TFSA … check it out!

2:52 am
December 13, 2009


Doug

Guest

  Quote and Reply
  Report Post
Print this Post
2

I considered taking advantage of this offer I received via Canada Post yesterday; however, upon reflection, I've decided from a tax perspective, I'm really not saving a lot of tax with my current TFSA being a high-interest savings account. I generated little more than $70 in interest this year on $5000 in my HSBC Advance TFSA (formerly HSBC Direct TFSA). I plan on withdrawing the money in the next week and using that contribution room in 2010 for my Canadian equities portfolio, currently with Scotia Capital's TradeFreedom.

It is a good offer, though, and one I think other banks will need to do remain competitive in the TFSA market.

Cheers,
Doug
No Tags
Page:   1   Reply to Post

Reply to Topic:
TFSA transfer offering from ALLY Canada

Guest Name (Required):

Guest Email (Required):

HTML Editor
Post New Reply

Guest URL (required)

Math Required!
What is the sum of:
10 + 12    

Topic RSS