TD Direct Investing registered account - 2% promo | GIC discussions | Discussion forum

I've put what should still be a current list of TDDI GIC issuers below. Even if an FI is on the list, you'd want to check a specific GIC to ensure it is transferable. The only transfer I have knowledge of is an RFA Bank GIC transferred from BMO Investorline to TDDI, both in TFSA an non-registered accounts.

The hold period is not "one year" but until March 27, 2027 (and paid April 30), no matter when you register for the promo (you also need $10K in transfers-in). For TFSA, you'll want to know what you will want to do with the funds after that. TDDI has a transfer-out fee of around $175 (after tax). If you want to leave and can't get that picked up by a new institution, you have 8 months until you can do the withdraw-in-December-recontribute-in-January dance. TDDI's short term GIC rates will suck if you wanted to do that, so you'd be looking at perhaps an MMF return rate inside TDDI for the remainder of 2027. Most GIC issuers that themselves don't charge a TFSA transfer-out fee also don't reimburse for transfers in.

Also, TDDI's current 1-year GIC issuer rates top out at 3.05% right now (according to their rate sheet on WebBroker), not 3.5%, and about 3.28% for a 2-year. If you bought a 2-year GIC before the end of December (so you could do the withdrawal at the end of 2027), that would be 4.28% (plus whatever MMF or whatever return you might make on the bonus after it is paid in April 2027) - better than any two-year GIC rate you can get now, but not a windfall.

B2B BANK 
BANK OF MONTREAL 
BANK OF MONTREAL MORTGAGE CORP. 
BANK OF NOVA SCOTIA (THE) 
BANK OF NOVA SCOTIA TRUST CO. 
CANADIAN TIRE BANK 
CANADIAN WESTERN BANK 
CONCENTRA BANK 
EQUITABLE BANK 
EQUITABLE Trust
FAIRSTONE BANK OF CANADA 
Home Bank
HOME TRUST COMPANY 
HOMEEQUITY BANK 
Laurentian Bank
MANULIFE BANK OF CANADA 
MONTREAL TRUST COMPANY OF CANADA 
NATIONAL TRUST COMPANY 
PRESIDENT'S CHOICE BANK
RFA Bank of Canada
ROYAL BANK OF CANADA 
SCOTIA MORTGAGE CORPORATION 
TD MTG
TD PAC MTG
TD Bank
TD CDA TR

JohnnyCash said
I read elsewhere that TDDI has made trading 100 ETF's free effective today.  

Their list is available here. Looks like it is most or all of their own ETFs, a selection of Vanguard funds including the VGRO/VBAL family and useful standards like VTI and VUN, a couple big general non-Vanguard funds like SPY, and a sprinkling of specialty/sectional ETFS (healthcare, gold, bitcoin, swampland) where the issuers probably feel it is worth a bit of subsidy to TDDI to lure in addition volume.

This would have been a nice little perk a few years ago, although I don't have any equities left at TDDI now. With Wealthsimple and Questrade (among others) at no commision, the value proposition of a full traditional discount broker (at least for fairly passive investors) is a harder bar to clear.