Norman1 said

The explanation given was there is $0 commission on fixed income buy orders that are both (a) for $25,000 face value or less and (b) for items that mature in 89 days or earlier.

No official documentation of this. But, I placed an order for some bonds that met those two conditions. Estimated commission shown was $0.00. The order filled and the confirmation slip showed no commission charged. 🙂
…

Scotia iTRADE is still unofficially waiving their $1 per $1,000 bond commission on small buy orders of bonds maturing within 89 days.

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?

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.

"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.

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 ...

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.

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?

JohnnyCash said

Would that be an improvement on Simplli's and Tangerine's tiered rates?  

None of them that attractive ....

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?

$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%

rk said

Thank you, I will consider it. Any reason you phoned to open the account, as opposed to opening it online? I do not bank with RBC at the moment, so I would be a new customer. In previous years, did you close the account after the promo expired? (that is what I usually do, but some FIs charge you if you close an account sooner than they want you to)  

I was a new RBC customer. It wouldn’t let me do it online, so this was the fastest way to get my identity verified. The woman on the phone wasn’t exactly quick, but after a pretty slow process she did manage to get it done. For my current BMO account, I was able to open it online, but I still had to go into a branch to get verified, so in the end it wasn’t really any better and actually took more time.

Honestly, the big banks are all pretty archaic. For my primary banking I use an online FI, and I’m really just hopping around with the big banks for the promos.

ponyFlower said

https://www.rbcroyalbank.com/b.....count.html

I just opened the account by phone. No chequing account needed. They keep renewing this offer. Scotiabank is the only one I’d avoid.
I’m currently using the 4.6% BMO offer.  

Thank you, I will consider it. Any reason you phoned to open the account, as opposed to opening it online? I do not bank with RBC at the moment, so I would be a new customer. In previous years, did you close the account after the promo expired? (that is what I usually do, but some FIs charge you if you close an account sooner than they want you to)