Brokerage investment savings accounts | Page 46 | General comparisons | Discussion forum

With current inflation @2.2% - these products might be ok for temporary holding of cash but a really bad rate for longer periods and/or for larger amounts. No wonder the stock markets are holding up so well.

You could not buy DYN6000 because it A class with a 25bp trailer fee while DYN6004 is F class with zero trailer fee. DYN6004 is what I hold at Scotia iTrade. Qtrade is good in that it won't permit trailer fee versions.

Not all, especially some of the big 6 bank brokerages, will let one buy a competitor's product. BMO Investorline for example won't let me buy anything other than the BMO product, e.g. BMT104 ISA. The same is true for TDDI and RBC DI.

There is no reason to go through 900 posts in this thread. The latest, and first post, of this thread have the most recent rates, and is a pretty complete list of ISA rates available. https://mrthrifty.ca/investmen.....e-account/ also references a full list with links to the individual families of ISAs.

NokomisStation said
AltaRed:

Is one penalized 3 days of interest if one buys (trade date) on a Friday (settlement for Monday) on the brokerage ISAs? Thanks in advance.  

Its like buying/selling stocks, in other words, the settlement day is when you own something (or sell something). You are not penalized anything. Just because you placed an order means nothing, its just a "marker" saying there will be an activity in the future (one BUSINESS day), ie; ownership.

But yes, if you can time purchases to avoid weekends (especially long weekends), then all the better. In your example I assume you just settled a stock sale today, and you are not funding your ISA from a HISA outside the broker account. In this case the timing has caught you out, and does delay the start of earning ISA interest until Monday.

https://www.firstontario.com/i.....ealer-hisa

First Ontario Credit Union has an ISA available through Qtrade (series F). Be aware of the maximum amount of $250,000.

Lodown said

Fairly obscure CU. How does one find the "latest" rate it pays?  

The rates are literally on the link in your quote reply.

Canadian Rate
Series A (FCU100) 2.50
Series F (FCU200) 2.75

U.S. Dollar Rate
Series A (FCU300) 3.70
Series F (FCU400) 3.95

realtalk said

The rates are literally on the link in your quote reply.

Canadian Rate
Series A (FCU100) 2.50
Series F (FCU200) 2.75

U.S. Dollar Rate
Series A (FCU300) 3.70
Series F (FCU400) 3.95  

No date is provided at that link....so are they current rates as of today?

NokomisStation said
Lodown: You pissed the 1stOnt folks off. They reduced their rates!!!!!!!

Canadian Rate
Series A (FCU100) 2.40
Series F (FCU200) 2.65

U.S. Dollar Rate
Series A (FCU300) 3.50
Series F (FCU400) 3.75  

You mean I woke them up.

Norman1 said
Rates unchanged since previous update.

ISA (Canadian Dollars)Rate

BMO High Interest Savings Account (BMT104)
1.95%

Scotiabank Investment Savings Account, Series A (DYN6000)

B2B Bank HIIA, Series A (BTB100)
1.90%
Equitable High Interest Savings Account, Series A (EQB1000)

Home Trust High Interest Savings Account, Class A (HOM100)

NBI Altamira CashPerformer Account, Series A (NBC100)
1.80%
RBC Investment Savings Account, Series A (RBF2010)

Renaissance High Interest Savings Account, Series A (ATL5070)

TD Investment Savings Account, Series A (TDB8150)

Manulife Bank Investment Savings Account (MIP510)
1.65%
  

Norman1, why are you still only referencing the (rather useless) Series A rates? As AltaRed and others have noted in this thread, most discount brokerages will not let you buy their bank branded Series A ISAs (with trailer fees). The only way to buy Series A ISAs is through financial advisory firms, and nearly everyone on these forums uses them through discount brokerages. I believe you are biasing the results because you want your preferred discount brokerage's bank owner, BMO, to continually appear on top; however, in reality, it has never been on top. The "king" is Scotia's Series F ISAs, at 2.20%. Qtrade and Desjardins Online Brokerage, perhaps others as well, also currently distribute that IS A, pursuant to distribution relationships with Dynamic Funds/Scotia Advisor Deposit Services.

Cheers,
Doug