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Email this2:49 pm
December 27, 2016
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AndreasChen said
Open a brokerage account and buy ETFs: SHV/MINT/GSY
Problem with this is that every sell will have to account for FX gains/losses on USD/CAD fluctuations for tax reporting purpose.
Another alternative is to buy ISA at your brokerage, currently I think is at 1.70%.
8:34 am
February 20, 2018
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Whats the best deal now on the USD side
12:10 pm
May 28, 2013
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I am getting 2.50% at Tangerine on US$ HISA until July 30, as part of a promotion.
6:01 pm
April 19, 2019
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Convert your money to CAD when it hits 1.36 or even now and you will right away reap 3%. CAD will get stronger and will come down to 1.32-1.33.
Use a broker to convert if it's a lot to not loose on it.
It's a BAD idea to keep USD now in a GIC and lock it for a year only to get mere 2-3% and USD rate goes down by that much anyway as economy opens up.
Just a though ^^^
10:43 am
November 30, 2018
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Hey guys so what's a workable alternative to NOT GET ZERO on USD in Canada right now? Anyone have any leads?
PS CDIC has been expanded to cover foreign currencies held in Canadian banks.
12:33 pm
September 7, 2018
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Buzz said
Problem with this is that every sell will have to account for FX gains/losses on USD/CAD fluctuations for tax reporting purpose.
Another alternative is to buy ISA at your brokerage, currently I think is at 1.70%.
Interesting that 1.7% rate was last December - that rate has since sunk to 0.30% - certainly a huge drop - but better than "0", I suppose.
1:34 pm
November 30, 2018
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Presently, I found 0.50% @ CIBC if you also have a CIBC US Bank account (that's CIBC based in the United States) - https://www.cibc.com/en/personal-banking/bank-accounts/savings-accounts/us-personal-account.html
I actually do have that. Anything else?
11:59 am
November 30, 2018
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Anyone have any leads?
7:14 pm
April 6, 2013
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The return on US$ savings accounts is not much right now:
0.15% Tangerine Bank US Dollar Savings Account
0.25% US Happy Savings account
0.25% TD US$ Investment Savings Account (TDB8152)
0.25% Scotia iTRADE US$ Cash Optimizer Investment Account
0.30% ScotiaBank US$ Investment Savings Account (DYN6001)
7:39 pm
October 27, 2013
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Like Norman, the best I could come up with in my narrow circle of knowledge is the Scotiabank (DYN6001) or associated ADS Bank (DYN5001) equivalent. https://ads.scotiabank.com/ADS/Download/943/en I am suspecting a further rate cut imminently to 0.25%.
CIB483 used to be better earlier this year but its monthly distributions have been falling off a cliff to about 0.12% currently https://www.cibc.com/en/personal-banking/investments/mutual-funds/savings-funds.html
12:46 am
April 2, 2015
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After my 2.5% promo expired at Tangerine on Sept 30, it fell down to the base 0.15%, so I transferred out to Hubert/Happy Savings for the 0.25%. Hoping the CAD tanks and then I can exchange a bunch back to CAD.
1:32 pm
November 23, 2017
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0.40% SBI Bank Canada
0.45% ICIC Bank Canada
0.50% CWB Bank
I'm currently on a 1% bonus (=1.4% total) at SBI till March 2021, but don't know if that's still available.
Not so easy to setup, plus wrong answers from customer service agents, but once linked to external accounts, seem to go smoothly.
8:58 pm
November 30, 2018
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seh said
0.40% SBI Bank Canada
0.45% ICIC Bank Canada
0.50% CWB BankI'm currently on a 1% bonus (=1.4% total) at SBI till March 2021, but don't know if that's still available.
Not so easy to setup, plus wrong answers from customer service agents, but once linked to external accounts, seem to go smoothly.
Can link a USD account and transfer USD?
SBI has the following https://ca.statebank/documents/344623/345246/depintrate_July+20+2020.pdf/d8430c1c-aa08-4d9b-effb-c82e7a8a8ad7
USD GIC @ 0.95% for one year. I believe the bonus 1% is expired
10:48 am
September 18, 2020
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blahuenga said
Can link a USD account and transfer USD?
SBI has the following https://ca.statebank/documents/344623/345246/depintrate_July+20+2020.pdf/d8430c1c-aa08-4d9b-effb-c82e7a8a8ad7
USD GIC @ 0.95% for one year. I believe the bonus 1% is expired
I am worrying about the expiration of my USD fixed deposit...I don't know where there is a good interest rate..
10:50 am
September 18, 2020
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seh said
0.40% SBI Bank Canada
0.45% ICIC Bank Canada
0.50% CWB BankI'm currently on a 1% bonus (=1.4% total) at SBI till March 2021, but don't know if that's still available.
Not so easy to setup, plus wrong answers from customer service agents, but once linked to external accounts, seem to go smoothly.
1.4% is not bad...hope there is
10:53 am
September 18, 2020
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If anyone knows where is the best us dollar deposit...please recommend...thank you!
12:29 pm
November 30, 2018
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annie said
If anyone knows where is the best us dollar deposit...please recommend...thank you!
There's no "good" rates LOL. All we can hope for are non-zero rates.
7:17 am
September 30, 2017
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Nehpets said in #9
...
However, $USD deposits in Manitoba are covered under the DGCM (See HERE)Stephen
... I am disappointed to learn that the same cannot be said in Ontario and the Atlantic provinces still.
4:27 pm
November 30, 2018
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hwyc said
... I am disappointed to learn that the same cannot be said in Ontario and the Atlantic provinces still.
Isn't it covered by the CDIC now?
By the way, anyone got any promising leads on current deals for USD?
5:18 am
September 30, 2017
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blahuenga said
Isn't it covered by the CDIC now? ...
... But *not all* financial institutions (FI) in Ontario are CDIC members.
By the way, anyone got any promising leads on current deals for USD?
... Not sure if you already following this RFD thread Shawguy maintains.
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