Canadian High Interest Savings Bank Accounts

How long has People's Trust had a TFSA rate of 3%? An outstanding rate! Looks like since December 24, 2010 at least. I think I'll open with them. Even if it drops to 2.5% or 2.25%, it's still great. Any reason not to open with them? I'm resident in Ontario.

Steve said:

How long has People's Trust had a TFSA rate of 3%? An outstanding rate! Looks like since December 24, 2010 at least. I think I'll open with them. Even if it drops to 2.5% or 2.25%, it's still great. Any reason not to open with them? I'm resident in Ontario.

People's Trust 3% TFSA rate is the same as what is Canadian Direct Financial's TFSA 3% rate. Both of these banks had the same rate since December 2010. Before you open an account with them People's, better checkout the link provided by Peter above and this link on Canadian Direct Financial:

http://www.highinterestsavings…..-timeline/

The difference is that CDF is more "online" than PT and I am satisfied with CDF's service.