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Brokerage investment savings accounts
September 16, 2022
5:49 pm
Norman1
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AltaRed said
Norman1, your chart might be more exciting if you added BTB100 and MIP510 to it. It would more or less complete the loop on the primary "banks" that are chatted about on this site.

Sure. Looks like many of the rates have moved up since:

ISA Rate
B2B Bank HIIA, Series A (BTB100) CAD 2.90%
BMO High Interest Savings Account (BMT104) CAD
TD Investment Savings Account, Series A (TDB8150) CAD
RBC Investment Savings Account, Series A (RBF2010) CAD
Renaissance High Interest Savings Account, Series A (ATL5000) CAD
Scotiabank Investment Savings Account, Series A (DYN6000) CAD
Home Trust High Interest Savings Account, Class A (HOM100) 2.85%
Manulife Bank Investment Savings Account (MIP510) CAD 2.80%
Equitable High Interest Savings Account, Series A (EQB1000) CAD 2.30%
September 16, 2022
6:25 pm
Bill
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Thank you. Note also that some brokers have more than one offering with the same rates. For example, TD has the one on the chart above as well as TDB8155, TDB8157 & TDB8159, so it's possible to put $400K with TD and have it all CDIC insured, i.e. $100K in each. TDB8152 is another one, in $USD.

RBC is similar, offering RBF2010, 2020, 2030 & 2040 as separate investments with the same rate, and RBF2014 in $USD.

September 16, 2022
7:03 pm
AltaRed
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Most of them have a range of offerings for each of their CDIC insured entities. It is up to investors to seek out that information via the brokerage they are using. Norman is simply listing a Series A example from some of the key players.

MrThrifty's website will provide links to the various offerings including USD options. https://mrthrifty.ca/investment-savings-accounts-maximize-interest-in-your-brokerage-account/ It is important to click through the links to get the most up to date rates.....

September 21, 2022
8:52 pm
AltaRed
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With today's 75 bp rate increase by the US Fed, the USD versions of the brokerage ISAs will be increasing from ~2.2% to ~2.8-2.9% over the next 10 days or so (I would think).

September 21, 2022
10:57 pm
Miked
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Will try this thru discount broker... opting for nbc101 as found in mrthrifty's web site link to nbc with US rate hike today this was @2.2% so should go up some as AltaRed figures ~2.8-2.9% in a week or so ... no rush to place these U$ funds into market so why not ?!? Better than 0% had prior with discount broker and keep upside if rates cont to go up -- for me seems like great sol'n park U$ money (also considered EQ's but rate just slightly higher (2.25%) & not same as disc.broker (ie. prob easier for within National to be buying a National product?)... thanx for bringing this to my attention (wasn't familiar with these)

September 22, 2022
4:03 pm
AltaRed
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Ah well, TD was first out of the chute as usual, but only 2.7% for their USD ISA. I am hoping Scotia or someone else will go to 2.8% next week to prove me right.....sf-laugh

September 23, 2022
5:33 am
hwyc
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September 23, 2022
10:24 am
Nehpets
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TDB-8152 $USD now pays 2.70%

Stephen

September 23, 2022
10:30 am
AltaRed
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Nehpets said
TDB-8152 $USD now pays 2.70%

Stephen  

As noted in post #6.

October 8, 2022
5:43 am
Bill
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Removed, problem resolved.

October 8, 2022
8:21 pm
Greedy Guy
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TD TDB8152 $USD is now 2.75%
BMO BMT124 $USD is now 2.75%

October 10, 2022
10:17 pm
Norman1
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Rates of Home Trust and Equitable Bank offerings have moved to the top:

ISA Rate
Home Trust High Interest Savings Account, Class A (HOM100) 3.10%
Equitable High Interest Savings Account, Series A (EQB1000) CAD 2.95%
B2B Bank HIIA, Series A (BTB100) CAD 2.90%
BMO High Interest Savings Account (BMT104) CAD
TD Investment Savings Account, Series A (TDB8150) CAD
RBC Investment Savings Account, Series A (RBF2010) CAD
Renaissance High Interest Savings Account, Series A (ATL5000) CAD
Scotiabank Investment Savings Account, Series A (DYN6000) CAD
Manulife Bank Investment Savings Account (MIP510) CAD 2.80%
October 13, 2022
7:52 am
Bill
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I can see the logic of these recently competitive rates, as the market declines proceed an increasing number of folks will be bailing out of equities and this helps keep their funds in their broker accounts. Maybe.

October 13, 2022
8:54 am
dougjp
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Bill said
I can see the logic of these recently competitive rates, as the market declines proceed an increasing number of folks will be bailing out of equities and this helps keep their funds in their broker accounts. Maybe.  

I think that's it too. They want to keep the funds where they can be used to get back into the market easily, therefore trading fees not foregone.

The main accomplishment of almost all organized protests is to
annoy people who are not in them

October 21, 2022
12:59 pm
AltaRed
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As reported in another forum, the Home Trust/Home Bank ISAs (in nominee name only) at certain brokerages now:
- 3.25% (Cl A) HOM100 and HOB100
- 3.5% (Cl F) HOM101 and HOB101

October 21, 2022
4:06 pm
Bill
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Remember that these would count toward your CDIC coverage limits with Home Trust & Home Bank via Oaken.

What brokerages, AltaRed?

October 21, 2022
4:14 pm
AltaRed
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I don't know which ones. Some will prohibit the purchase of these due to competition with their own offerings. I suspect RBC DI and TD DI would be 2 that might prohibit it. Maybe BMO IL, CIBC IE and Scotia iTrade too. The rest may be less restrictive.

It would be interesting for people to report back IF they find one that does (for member interest).

October 21, 2022
4:41 pm
Norman1
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Bill said
Remember that these would count toward your CDIC coverage limits with Home Trust & Home Bank via Oaken.

They actually don't share any CDIC limit with the deposits through Oaken because they are deposits placed in-nominee-name (held in the name of dealer's nominee in trust for the client) and not in-client-name.

This is from Terms and Conditions for High Interest Savings Account:

AVAILABILITY
The [Home Trust] HISA is only available through a Dealer. We [either Home Trust Company or Home Bank] will open the HISA in the name of your dealer as your nominee. Your Dealer will hold funds in the HISA in nominee name. As your nominee, you acknowledge and agree that the HISA is held in trust for you by your Dealer where these Terms and Conditions together with any other agreement between you and your Dealer constitute a valid trust under applicable law (and if not a valid trust, that the HISA will be held by your Dealer as agent for you). The HISA is denominated in Canadian dollars and is available only to residents of Canada.

October 21, 2022
4:54 pm
Loonie
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but these ISAs are covered by CDIC, aren't they? I think we discussed this before.

October 21, 2022
5:01 pm
Norman1
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Yes, the Home Trust ISA's are eligible for CDIC coverage.

In-nominee-name versus in-client name holding was discussed previously here.

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