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Email this8:46 pm
September 14, 2022
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Dean said
True ⬆
But if you don't choose to have the ISA interest 'reinvested', it just gets dumped into the regular cash balance in your investment account, and earns No interest there.
That's why most folks always choose the 'reinvest' option for ISA interest payments.
Choose Wisely.
Dean
I chose the cash option.....assuming it will swept into my 'income' brokerage account that's set up for my dividends to be automatically transferred to my non brokerage chequing account twice a month. We'll see if that's the case....not sure if it will be. I like getting the cash though either way. Then I can either reinvest it....spend it....whatever.
2:53 am
October 5, 2017
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As of Today Oct 6 TDDI has failed to pay interest on TDB8150 for the period ending Sept 30 2023. Normally it pay on the first of the month.
The CSR I spoke to has said this is a known issue and no indication of when it will be fixed .
This is not the first time TDDI has failed to pay dividends or interest on investments.
This is not acceptable especially for those relying on this interest to pay bills etc.
I say shame on TD !
5:39 am
April 9, 2019
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I second that. No interest paid on TDB8150 and on TDB2913 - money market fund. The investments seem to be still liquid: I sold small amount of TDB8150, moved cash from DI account - ok. Are there any regulations when interest must be paid?
5:43 am
December 20, 2016
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bhuc said
As of Today Oct 6 TDDI has failed to pay interest on TDB8150 for the period ending Sept 30 2023. Normally it pay on the first of the month.........
This is not the first time TDDI has failed to pay dividends or interest on investments......
I say shame on TD !
Thanks for posting your findings. I was planning to call today. Hope it gets resolved soon and never happens again.
Stephen
6:58 am
October 27, 2013
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It is an acknowledged TDDI glitch this month getting the interest payments delivered on a timely basis for the month of September, as reported at both Financial Wisdom Forum and Canadian Money Forum. There is no risk in not getting paid.
Normally, the interest would show up on Oct 3rd or 4th, first or second business day after the end of the month, and backdated appropriately. For the ISAs we hold at RBC DI, Scotia iTrade and BMO Investorline, September interest was posted on Oct 3rd and/or 4th.
7:28 am
October 21, 2013
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I have to wonder, what kind of "glitch" suddenly sprang up in September, when previous months were OK ? What ill-considered changes did TD make? I assume it was internal as no explanation has been offered.
Apparently TD is no more reliable than Hubert in this regard, but at least Hubert had a credible excuse, sent an email, and got the problem fixed in a more timely fashion.
All our Sept interest has been restored at Hubert but spouse is still waitingg for TDDI.
7:50 am
September 11, 2013
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Just checked our accounts, got Sept interest from 8150 & 8159, backdated to Sept 29, not yet from 8155. No problem, it'll be there shortly.
7:57 am
October 5, 2017
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I called TDDI to complain about the missing interest payment on TDB8150 and asked about good will compensation.
I was told that there was no way they would compensate me even if it was 1 or 2 free trades.
The CSR went on to say it may take a couple of weeks before they resolve all of the outstanding interest payments , but did say they would back date the interest to the first business day of Oct.
TD takes absolutely no responsibility for there screw up !
8:33 am
January 12, 2019
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.
I just checked my TDDI accounts again. There's still no Sept. interest payments for my ISAs. And there's still no information about this Fiasco on their customer Message board ❗
However ... given that this is a 'Known' issue at TDDI, I'm sure it will all eventually 'Come-Out-In-The-Wash'.
I'd hate to be a TDDI CSR right now ... YIKES 
- Dean
" Live Long, Healthy ... And Prosper! "
8:40 am
October 27, 2013
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If an investor has these things set on re-invested distributions, there should be no worry. Compounding will occur as if this glitch never happened.
For those taking their distributions in cash, well, that is why one has 'cash float' as a 'just in case' measure. The other option is to 'walk' from TDDI and go elsewhere.
9:16 am
September 11, 2013
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My 8150 interest is paid out, done. 8159 is reinvested, done. 8155 is reinvested, no entry yet.
11:14 am
April 9, 2019
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I got interest for TDB8150 and TDB2913 all posted today late morning. Ok.
2:13 pm
January 7, 2020
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My td8150 and td8152 got posted today, backdated to Sep 29
4:53 pm
September 11, 2013
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All there for me now too, all's well.
10:07 am
May 22, 2015
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Would some one tell me:
TDB8150 savings account, if I withdraw the money in the middle of the month, I still get the the half month interest ?
And for TBD2913 money market fund, if I withdraw the money in the middle of the month, I loss half month interest ? (dividend end of the month for share holder only) is it correct?
Thanks for the information.
10:22 am
October 27, 2013
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Interest is calculated daily, distributions paid monthly on ISAs and MMFs. If you sell your entire holdings, you will also be paid the accrued interest to the date of sale. It may show as a separate line on your brokerage statement.
3:38 am
February 14, 2023
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[ admin: is there a thread/post for promotions like this? also, surprised that TD not in financial institutions list on forums page]
TD Direct Investing 2023-2024 Winter Offer
https://www.td.com/ca/en/investing/direct-investing/direct-investing-offer
6:36 am
August 4, 2010
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kesa said
[ admin: is there a thread/post for promotions like this? also, surprised that TD not in financial institutions list on forums page]TD Direct Investing 2023-2024 Winter Offer
https://www.td.com/ca/en/investing/direct-investing/direct-investing-offer
Not to speak for Peter, the site's owner, but discount brokerages, and getting free money for opening an account at one, aren't really in his remit. No one goes to big-banks for high interest savings!
There's a thread "Brokerage Investment Savings Accounts" where one of the forum members posts updated interest rates for the Investment Savings Accounts (ISAs) which financial institutions provide through the brokerage channel.
9:18 am
April 14, 2021
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kesa said TD Direct Investing 2023-2024 Winter Offer
https://www.td.com/ca/en/investing/direct-investing/direct-investing-offer
Maintain the assets in your new account until June 30, 2024 and receive the reward by August 31, 2024.
I would be really cautious if I saw wording like this. HSBC tried to pull a similar stunt with me and forced me to leave my funds with them for an additional year at a horrible rate with this kind of promo. Something about 'maintaining funds for 1 year after promotion is paid or else it is clawed-back.' Be wary.
Please write your comments in the forum.