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Brokerage investment savings accounts
July 19, 2023
8:18 am
AltaRed
BC Interior
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My cash wedge (the majority of my portfolio fixed income component) is in either DYN6004 (now 5%) or BMT104 (still 4.6% as of this morning). I am comfortable riding this wave for the foreseeable future.

July 19, 2023
8:50 pm
PassiveandWary
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Jowett said

Scotia F series DYN6004 just increased to 5 per cent available to Scotia itrade account customers.  

How are iTrade users able to buy F-Series ISAs with no trailer fee while the A-Series come with trailer fees and a lower rate? Isn't "F-Series" supposed to mean it's fee-based?

July 20, 2023
5:31 am
Frieda
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PassiveandWary said

How are iTrade users able to buy F-Series ISAs with no trailer fee while the A-Series come with trailer fees and a lower rate? Isn't "F-Series" supposed to mean it's fee-based?  

Self-guided. There's no fee-based account. No advisor, so no fee is applicable.

Will it last?

July 20, 2023
6:35 am
AltaRed
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Advisor based accounts usually charge a "% of AUM" fee to manage an account and if so, they cannot double dip by collecting a trailer fee on product. Thus post #402 is correct from that perspective.

Post #403 is also correct in that if no advice is provided (DIY discount brokerage), then there cannot be a trailer fee collected by the brokerage. However, this recent regulatory requirement to NOT charge trailer fees in DIY (no advice) accounts only applies to actual mutual funds. These ISAs are not mutual funds and thus do not fall under that regulatory requirement. They are 'unique' products in that regard.

Scotia iTrade is doing the right thing by making F series available to DIY clients (no fee based advice) even though they are under no obligation to do so. Much (not all) of their competition will only sell A series to their clients and pocket the trailer fee. A few independents will also sell F series ISAs to their clients.

In most cases, the trailer fee is circa 15-25 basis points (not 10-15 as I previously posted) so that becomes the difference in yield if one can get F series.

July 20, 2023
6:48 am
hwyc
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RBC makes a move today 🙂 … 4.55% Series A

July 20, 2023
1:54 pm
hwyc
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... and TD follows. I can see 4.55% from among my holdings on TDDI.

July 21, 2023
3:41 am
kesa
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BMT104 now 4.85%

July 21, 2023
9:36 am
Dean
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hwyc said

... and TD follows. I can see 4.55% from among my holdings on TDDI.  

TDB8150 (CDN) new rate confirmed

And TDB8152 (USD) is still @ 4.65% .

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

July 21, 2023
9:53 am
AltaRed
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No reason for any USD ISAs to change rates unless the US Fed changes rates.

July 22, 2023
7:56 am
Norman1
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Since last update, BMO, Manulife Bank, National Bank, RBC, and Scotiabank have increased their rates:

ISA (Canadian Dollars) Rate
BMO High Interest Savings Account (BMT104) 4.85%
Scotiabank Investment Savings Account, Series A (DYN6000) 4.75%
Manulife Bank Investment Savings Account (MIP510) 4.65%
NBI Altamira CashPerformer Account, Series A (NBC100) 4.55%
RBC Investment Savings Account, Series A (RBF2010)
Equitable High Interest Savings Account, Series A (EQB1000) 4.45%
B2B Bank HIIA, Series A (BTB100) 4.30%
Home Trust High Interest Savings Account, Class A (HOM100)
Renaissance High Interest Savings Account, Series A (ATL5000)
TD Investment Savings Account, Series A (TDB8150)

Reports are that Series A TD Canadian Dollar ISA's show a rate of 4.55% in TD Direct Investing. However, the TD ISA product page still shows 4.30%, for some reason.

July 22, 2023
8:07 am
kesa
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Screenshot-2023-07-22-at-11.05.35-AM.png

BMT104 paying 4.85% for me. Previously 4.60%

July 22, 2023
8:10 am
AltaRed
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I can confirm BMT104 @ 4.85% as well.

July 22, 2023
8:31 am
Norman1
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I corrected the table.

I had copied and pasted the 4.75% rate for the BMO US$ ISA's by mistake.

BMO-ISA.PNG

July 22, 2023
10:45 am
Bill
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July 22, 2023
3:18 pm
Norman1
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TDB8150 still showing as 4.30%. Still not updated yet:

TDISA-20230722.PNG
Footnote #2:

2Interest rate effective June 15, 2023 is calculated daily, paid monthly, subject to change at any time without notice.

July 22, 2023
3:28 pm
hwyc
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I doScreenshot_2023-07-22-18-27-16-814_com.android.chrome-1.jpg

July 22, 2023
3:41 pm
Bill
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Norman1, the link I provided shows 4.55%, confirmed by hwyc.

July 22, 2023
3:47 pm
Norman1
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Sort of.

I went to the page after hwyc posted and it said 4.55%. Just went there again and it's back to 4.30%!

Looks like TDAM is having issues with the page.

July 22, 2023
3:58 pm
kesa
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Norman has a cache issue? ( not a cash issue sf-smile )

July 23, 2023
7:19 am
Righand
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kesa said
Norman has a cache issue? ( not a cash issue sf-smile )  

I don't think so, I cleared my cache and checked. I also see a quote for TDB8150 @ 4.30%

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