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Tfsa Transfer fee?
January 7, 2022
10:18 am
christinad
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Does peoples trust have a tfsa transfer fee? Their rates aren’t very good right now.

January 7, 2022
10:37 am
Dean
Valhalla Mountains, British Columbia
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.
I don't usually do other people's homework for them, but here you go . . .

Peoples Trust FAQ link https://www.peoplestrust.com/en/peoples-trust/high-interest-accounts/investing-with-us/faq/

Happy Friday,

    Dean

sf-cool " Live Long And Prosper " sf-cool

January 12, 2022
12:01 am
RetirEd
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I spoke with Peoples' about transferring out a TFSA last week, and while they would NOT lock in the rate ahead of maturity (Friday), they said they'd be offering a 2% rate for three months to tempt clients to keep their TFSA cash there until the competitive season was over.

I will be keeping in touch with them to see if the deal is there at the end of the week, or even sweetened.

At the moment, PT/PB do not have a transfer-out fee. Neither does Oaken, which is a good thing because they have no TFSA savings account - just term deposits (GICs).
RetirEd

January 12, 2022
12:06 pm
Nehpets
Ontario
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RetirEd said
I spoke with Peoples' about transferring out a TFSA last week, and while they would NOT lock in the rate ahead of maturity (Friday), they said they'd be offering a 2% rate for three months to tempt clients to keep their TFSA cash there until the competitive season was over.........RetirEd  

Is this a three month term deposit at 2.0%Peoples Trust is offering you or 2% on a TFSA deposit account?

I called today and the CSR had not heard of such a retention promo, even after checking with his manager.

Stephen

January 12, 2022
5:34 pm
RetirEd
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CORRECTION!

Oops... I was planning to move my maturing Coast Capital TFSA funds TO Peoples, and spoke to both ends. But it was COAST CAPITAL, not Peoples, who advised of a 2% 3-month fixed term. Apologies to those who went questing for it in vain.

My midnight goof. :sf-embarassed

RetirEd

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