Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this10:49 am
I opened 2 TFSA accounts and just sent 2 cheques for January 1st. I hope they will keep their rate at 3% for the next year. They are higher than most of the other banks.
Do you know for how long the rate is 3% ?
10:55 am
Bil said:
I opened 2 TFSA accounts and just sent 2 cheques for January 1st. I hope they will keep their rate at 3% for the next year. They are higher than most of the other banks.
Do you know for how long the rate is 3% ?
Often financial institutions will hold the rate ..... did you ask them?
10:55 am
May 15, 2007
Offline
According to our unofficial chart dates, it's been at 3% since Feb 2009:
https://www.highinterestsavings.ca/chart/
Of course, we can only speculate as to how much longer that will last!
12:05 pm
When I asked them they said they cannot promise what will be the rate in January, it could change anytime.
But it's a really good news that the rate is 3% for more than 2 years.
Thank you
1:31 pm
Bil said:
When I asked them they said they cannot promise what will be the rate in January, it could change anytime.
But it's a really good news that the rate is 3% for more than 2 years.
Thank you
Why would you not have waited to Jan 2012, find the best rate, and then pursue?
As a contingency, I would have shopped for the best savings account rate knowing who has the best GIC rates so you could move over to a GIC if the savings rate changed .... within the same institution.
3:00 pm
I wanted the interest to start as soon as possible in January. Since sending a letter from Quebec to BC takes a week I wanted to be sure they receive it by January 1st. Right now I'm with ING Direct at 1.5%, so if they lower the rate, it could not be as bad as ING.
I prefer to take a chance with 3% which is the best rate for a saving account.
5:44 pm
Bil said:
I wanted the interest to start as soon as possible in January. Since sending a letter from Quebec to BC takes a week I wanted to be sure they receive it by January 1st. Right now I'm with ING Direct at 1.5%, so if they lower the rate, it could not be as bad as ING.
I prefer to take a chance with 3% which is the best rate for a saving account.
Makes sense! I have looked at ING a few times. Like Ally they advertise heavily but they just don't have products good enough for my specific needs. There is a lot of choice out there with different policies and rates....take what best suits your needs!!
Please write your comments in the forum.