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Brokerage investment savings accounts
May 5, 2023
8:28 am
dommm
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I just logged into my TD webbroker account & punched in TDB2913. Can anyone explain the discrepancy in the yield amounts? The top one shows 4.73% while the bottom is 2.81%. td.png

May 5, 2023
9:26 am
kesa
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4.73-.28=current

2.81=past

May 5, 2023
9:59 am
dommm
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So would that be a month to month change? That seems like a big difference in yield month to month.

May 5, 2023
5:38 pm
Norman1
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TDB2913 is the TD Canadian Money Market Fund - Series D.

4.72% per annum is the yield for the day, today, May 5, 2023.

2.81% per annum looks like the annualized return for the 12 months ending March 31 or April 30, 2023.

Yes, there can be a big difference in the yield, month-to-month or even day-to-day, when interest rates are changing. Yield may be 4.72% per annum today. But, that doesn't mean one will be 4.72% ahead after putting money into the fund for a year, starting today.

May 5, 2023
6:28 pm
dommm
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I can understand & it would make sense if the 2.81% is a trailing annualized 1 year number. I wish they would clarify as such if that is the case. As for a swing of that magnitude month to month I would be very surprised even with today's volatile rate swings.

May 5, 2023
7:37 pm
AndreyG
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I placed an order for some TDB2913 today.
Fund description indicated 'No Load'.

May 5, 2023
8:45 pm
Frieda
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I was reading TD was labeled as 'most-shorted banking stock globally". fwiw

Yesterday, they were in the news too. https://money.usnews.com/investing/news/articles/2023-05-04/td-first-horizon-call-off-13-4-billion-deal

May 5, 2023
9:15 pm
AltaRed
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May 5, 2023
9:53 pm
Greedy Guy
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May 6, 2023
9:24 am
Norman1
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Since last update, Manulife Bank trimmed its rate from 4.25% to 4.20%:

ISA Rate
BMO High Interest Savings Account (BMT104) CAD 4.35%
Scotiabank Investment Savings Account, Series A (DYN6000) CAD
Equitable High Interest Savings Account, Series A (EQB1000) CAD 4.20%
Home Trust High Interest Savings Account, Class A (HOM100)
Manulife Bank Investment Savings Account (MIP510) CAD
B2B Bank HIIA, Series A (BTB100) CAD 4.05%
NBI Altamira CashPerformer Account, Series A (NBC100) CAD
RBC Investment Savings Account, Series A (RBF2010) CAD
Renaissance High Interest Savings Account, Series A (ATL5000) CAD
TD Investment Savings Account, Series A (TDB8150) CAD
May 6, 2023
9:51 am
cgouimet
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Can someone explain, or point to an explanation of, Series; like TDB8150 vs TDB8150 Series F? Any other Series? Thanks ...

CGO
May 6, 2023
10:24 am
cgouimet
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Finally found some info that Dean and others had provided some time ago.

When I go to my TD WebBroker account, I can't find anything on or anyway to buy TDB8150. What am I missing?

Thanks again for your patience...

CGO
May 6, 2023
10:28 am
Norman1
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Pretend you are buying mutual fund units and use that FundServ code TDB8150.

May 6, 2023
10:52 am
cgouimet
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Norman1 said
Pretend you are buying mutual fund units and use that FundServ code TDB8150.  

Pretend!

So, there they are. Thanks Norman ...

So then just buy and sell but without trading fees? Just like HISA's?

CGO
May 6, 2023
12:21 pm
Nehpets
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cgouimet said
Can someone explain, or point to an explanation of, Series; like TDB8150 vs TDB8150 Series F? Any other Series? Thanks ...  

In addition to the info already provided by Norman, here are a couple of links with details about TD ISA's:

https://www.td.com/ca/en/asset-management/additional-solutions/
and....
Brochure

Also, settlement is not immediate; typically T+1 if done in the morning.

Stephen

May 6, 2023
1:25 pm
Norman1
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Any trading fees are up to the dealer.

Dealers could charge their usual mutual fund commission on the brokerage ISA transactions. So far, dealers have not done so for transactions on their in-house ISA's.

Some dealers only allow orders for the Series A version of the brokerage ISA's so that they can collect a trailer commission.

May 7, 2023
7:51 am
mustang
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Looking for enlightenment re Series A vs Series F
I gather that Series F has lower fees, which presumably explains the higher value
I currently hold TDB8152 in my TD brokerage account
It would appear I would benefit by switching to TDB8153
Thanks for any insights

May 7, 2023
8:31 am
AltaRed
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Series A ISAs typically have a trailer fee of 15-25bp that is paid to the brokerage while Series F ISAs pay no trailer fee to the brokerage.

Most brokerages will not allow a retail customer to buy Series F ISAs directly. They will only allow the sale of F series through a third party financial advisor who otherwise charges their client a "% of AUM" portfolio management fee.

Scotia iTrade is one of a few who will allow their clients to buy F series (as I do). I think Questrade does as well and perhaps a few other independents. Brokerages like TD, RBC and BMO do not permit it.

May 7, 2023
8:38 am
Frieda
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Most brokerages will not allow a retail customer to buy Series F ISAs directly. They will only allow the sale of F series through a third party financial advisor who otherwise charges their client a "% of AUM" portfolio management fee.

Scotia iTrade is one of a few who will allow their clients to buy F series (as I do). I think Questrade does as well and perhaps a few other independents. Brokerages like TD, RBC and BMO do not permit it.  

<br
Easily, I could be wrong. But I think they're alowed to charge the trailer, if the ISA is a related party.

Qtrade offers many of the F series ISA's. I think I listed the ones I knew about a month a go, but maybe not. Sometimes I try not to be too preachy, lol.

May 7, 2023
8:58 am
AltaRed
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Frieda said
<br
Easily, I could be wrong. But I think they're alowed to charge the trailer, if the ISA is a related party.

Qtrade offers many of the F series ISA's. I think I listed the ones I knew about a month a go, but maybe not. Sometimes I try not to be too preachy, lol.  

It is not a question of being 'allowed' or not. There is no regulation against trailer fees for deposit accounts (which is what ISAs are) like there is for mutual funds. It is a matter of institutional choice what they choose to do. TD/TDDI and some others (like RBC and BMO) decide they are going to squeeze the lemon (their clients) for the trailer fee.

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