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Email this6:05 am
September 30, 2017
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As per Alterna Bank rate page - eSavings 0.90% << first to go below the 1% barrier on the chart
7:11 am
September 7, 2018
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hwyc said
As per Alterna Bank rate page - eSavings 0.90% << first to go below the 1% barrier on the chart
This was not unexpected. I think we will see reductions in other FI HISA rates.
This level of interest rates certainly supports the strategy to have some conservative equities (eg banks, insurance, telecoms, utilities) in one's investments/savings.
2:00 pm
December 29, 2018
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Quite frankly, I’m disappointed with Alterna Bank going under 1%. My offer at 1,50% from Tangerine expired today and I deposited all my money to Alterna. Fortunately, today I received a 1,25% offer for 3 months from RBC and I took it. In the meantime, I hope Alterna will come back to 1% or better, if not, in 3 months I’ll be with B2B bank.
4:12 pm
December 18, 2018
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Interesting article in the Globe and Mail about why interest rates will stay low until we see major societal changes ...
3:26 pm
January 28, 2015
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Well already pulled 100k from Alterna months ago when they lead the low rate charge ,however left my 100k TFSA . Now I'll eat the transfer charge and leave
4:12 pm
April 14, 2021
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Is the TFSA rate differential so great that it would not be more economical to just suck up the slight loss until Dec 31 and then transfer the TFSA free of charge to a new bank? Is the differential so large as to justify the transfer charge penalty?
3:45 am
October 21, 2013
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Transfer fee is $50.
https://banking.alternabank.ca/SharedContent/documents/pdf/Personal-Service-Fee.pdf
5:30 am
December 20, 2016
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Loonie said
Transfer fee is $50.....
Often reimbursed by the incoming institution, but request and confirmation needs to be secured prior to arranging transfer.
Exceptions are the FI's that do not exercise a transfer fee on outgoing funds themselves, (Peoples Trust, Hubert)
Stephen
4:56 pm
January 28, 2015
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You're most likely right just wait until December and withdraw it. With that said any institution under 1% should be removed from this site. There are others paying way more like Steinbach credit union that are not on the list 1.40% on TFSA
4:31 pm
May 19, 2022
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Alterna Bank still at 0.9%. Disappointing, time to go elsewhere.
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