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Email this8:45 am
January 12, 2018
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Just noticed what I think is new offering from Scotiabank . A tiered HISA that is currently showing rates. Claims " Coming soon in April 2026"
$0 - $9,999....0.00%
$10,000 - $99,999....1.00%
$100,000 - $249,999....1.75%
$250,000 - $499,999....2.00%
$500,000+....2.25%
10:45 am
April 21, 2022
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Hubble said
Just noticed what I think is new offering from Scotiabank . A tiered HISA that is currently showing rates. Claims " Coming soon in April 2026"$0 - $9,999....0.00%
$10,000 - $99,999....1.00%
$100,000 - $249,999....1.75%
$250,000 - $499,999....2.00%
$500,000+....2.25%
Would that be an improvement on Simplli's and Tangerine's tiered rates?
10:48 am
February 7, 2019
Online
JohnnyCash said
Would that be an improvement on Simplli's and Tangerine's tiered rates?
None of them that attractive ....
| CGO |
11:17 am
October 27, 2013
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That tiered rate is better than standard big 6 savings rates though. The better option is still to own Scotia's DYN6004 (brokerage based ISA) in one's brokerage account, depending on one's brokerage where every dollar earns 2.2%. Better yet, own a Money Market mutual fund like BMO95142 in an investment account which is currently in the 2.3% range.
6:57 pm
March 15, 2019
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Hubble said
Just noticed what I think is new offering from Scotiabank . A tiered HISA that is currently showing rates. Claims " Coming soon in April 2026"$0 - $9,999....0.00%
$10,000 - $99,999....1.00%
$100,000 - $249,999....1.75%
$250,000 - $499,999....2.00%
$500,000+....2.25%
Once your balance exceeds $500,000 do you get 2.25% on the full balance or only on the excess over $499,999.99?
2:21 am
April 21, 2022
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COIN said
Once your balance exceeds $500,000 do you get 2.25% on the full balance or only on the excess over $499,999.99?
I can't see them applying and paying 5 different interest rates on a 500k+ deposit.
7:50 am
February 7, 2019
Online
Other than a short term resting place between the sale of one property and the purchase of another, I don't know why I'd ever want that much sitting in a HISA vs a GIC ladder at 3.5% for 2x the interest income.
| CGO |
8:00 am
February 7, 2019
Online
cgouimet said
Other than a short term resting place between the sale of one property and the purchase of another, I don't know why I'd ever want that much sitting in a HISA vs a GIC ladder at 3.5% for 2x the interest income.
Scotia Bank is offing better Tiered HISA rates at Tangerine. So that would be an improvement but still less than a GIC ladder.
As for CDIC, $500k in a single CDIC client/category would be OK with me for the big 6 and their offsprings and perhaps a few others like EQB and Oaken ...
| CGO |
7:04 pm
March 15, 2019
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"$500,000+....2.25%"
"Money Market mutual fund like BMO95142 in an investment account which is currently in the 2.3% range."
So, we're in the 2.25%-$2.30% range now.
10:44 am
October 2, 2025
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Hubble said
Just noticed what I think is new offering from Scotiabank . A tiered HISA that is currently showing rates. Claims " Coming soon in April 2026"$0 - $9,999....0.00%
$10,000 - $99,999....1.00%
$100,000 - $249,999....1.75%
$250,000 - $499,999....2.00%
$500,000+....2.25%
It's better than what CIBC and RBC is offering for their HISA.
CIBC tiered from 0.30% to 0.60%
RBC all balanced 0.550%
I do hope CIBC and RBC will follow these rates.
2:06 am
November 18, 2017
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Fear the tier!
RetirEd
11:28 am
October 27, 2020
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Hubble said
Just noticed what I think is new offering from Scotiabank . A tiered HISA that is currently showing rates. Claims " Coming soon in April 2026"$0 - $9,999....0.00%
$10,000 - $99,999....1.00%
$100,000 - $249,999....1.75%
$250,000 - $499,999....2.00%
$500,000+....2.25%
Why would someone consider these options (unless you have $500,000+ to invest) when one can get 2.2% interest on a DYN6004 savings account through Scotia iTRADE?
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