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January 14, 2022
8:23 am
shadysbrownies
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December 1, 2017
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Hi does anyone know of any self directed RESP savings accounts that offer any considerable interest? The only one that I could find so far was meridian credit union, who advertises 1.65%, but they have told me that is only for Ontario residents. I am in Alberta. It doesn’t look like any of the online banks with good GIC rates offer RESPs. Thanks.

January 14, 2022
10:00 am
Loonie
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October 21, 2013
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Steinbach credit union in Manitoba has one at .75%, which is a crappy rate, but they normally will deal with out of province.
They also have GICs from 1.00 to 1.95
https://scu.mb.ca/rates

January 14, 2022
12:10 pm
Bill
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If you want interest income an option is to open a self-directed RESP at a discount broker, big bank or otherwise, and buy GICs from their selection of fi's.

January 14, 2022
12:24 pm
savemoresaveoften
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March 30, 2017
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Bill said
If you want interest income an option is to open a self-directed RESP at a discount broker, big bank or otherwise, and buy GICs from their selection of fi's.  

or keep in cash equivalent but buy something like CSAV, obv have to take commission into acct. Depends on amount and holding period to see break even vs holding cash in brokerage acct which is a big $0

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