Canadian Western Bank TFSA Demand Account 3%! | Tax Free Savings Accounts | Discussion forum

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Canadian Western Bank TFSA Demand Account 3%!
April 8, 2012
1:17 pm
sleeperz
Guest
1

Current rate Effective Date: Thursday, April 05, 2012
WestEarner® TFSA Account
$0 – $999.99 3.000%
$1000.00 – $2499.99 3.000%
$2500.00 – $4999.99 3.000%
$5000.00 & Over 3.000%
Interest is calculated on the daily closing balance, at the applicable rate tier and paid monthly. Note: Minimum Contribution for TFSA is $50.

Anyone have this account and can confirm it is the same rate for the last several years so far?

April 8, 2012
1:35 pm
Maltrass
Guest
2

I have their online version from Canadian Direct Financial and the rate has been the same for the last 2 years.

April 22, 2012
3:20 am
RAYPHOS
Guest
3

OUTLOOK BANK TFSA as of 4/20 was 2.15%

April 22, 2012
3:34 am
RAYPHOS
Guest
4

Transferring TFSA monies from PC Financial was a SERVICE
CHARGE of $50 without any notice and to get confirmation
I had to pay $16.50 for a letter from PC Bank showing the charge.
The old account was immediately not accessible to verify actions.

CANADIAN DIRECT Bank when told of the PC Bank charge
REFUNDED ME THE FULL $50 and Deposited it within 3 days.
I can confirm that the 3% rate has not changed in months.

April 23, 2012
7:10 pm
Bryan
Guest
5

Canadian Western Bank has had this 3.04% rate for at least two years…

If you want to transfer your TFSA from another bank, go first to Canadian Western Bank and they will extract your TFSA from your old bank and transfer it over. ie. They do the work for you!

June 12, 2012
11:20 pm
Colin
Guest
6

It's still 3%. Much better then the Big 5 banks.

August 3, 2012
4:01 am
Gary
Guest
7

Did the switch! Took just over 2 weeks and they do most of the leg work for you.

Thanks for the info guys

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