Bill said
CAD, you can only see those "stupid posts" if you first click on the topic, so (I'm curious) why do you click on topics you "HAVE ZERO INTEREST IN"?  

Exactly. Contrary to what the OP said, he doesn't have to see (almost) any posts he/she doesn't want to. And I'm thinking like cgouimet "suggested" with this too, but not sure about that (if you know what I mean ).

No Muss, No Fuss

Dean

CAD said
OH WHY I CANNOT MUTE SOME TOPICS I HAVE ZERO INTEREST IN???????

Why I have to always see some stupid posts related to some obscure banks???

Owner, can you develop or buy a feature to MUTE some topics, please?  

Like Amazon.ca knowing too much? Free Samsung phones for sale? Yahoo email issues?

Why I have to always see some stupid posts related to some obscure banks???

Owner, can you develop or buy a feature to MUTE some topics, please?

But to respond to the question, I would have no issue having 7 digits with one of the big 5 and now I might include NB in that given they have become truly national with the acquisition of CWB. I would put the 2 subs, TNG and Simplii, in the same category.

I would not go over CDIC with any other 'bank' nor do I deal with credit unions at all.

* I do have a small amount with EQ Bank primarily to use their Prepaid Visa card when I travel, and small operational monthly cash flows with BMO and BNS.

… Thank you Peter for a response.

I'm always re-balancing the percentage mix of equities vs. cash/cash equivalents, with it gradually going to the latter as I get (even) older, and in addition how I feel about risk vs. retaining current (what I feel are inflated) values - another thing trending to the latter especially in current times. And its an overall thing- Investment, RRIF and TFSA accounts.

So based on these things, I recently did a study of my current dividend yields in RRIF and TFSA keeping in mind comparative tax "avoidance" .. deferral! It's shocking how low a percentage the yield is on some blue chips based on current prices, and further, if I want the lowest tax bite, dividends and capital gains are better than interest so if all things are pretty much equal, I prefer those in Investment accounts and pay tax instead.

To add to my previous post and in light of my comments above, I've been selling some stocks in my RRIF and going into higher or similar yield rate "third party" GICs compared to dividend yields, available within my discount brokerage account, keeping in mind CDIC limits again. And I have to say thanks again to this forum where a thread got me looking into this option!

It is great to hear everyone's ideas.

dougjp said
I still have GICs with EQ but only in a TFSA, where my wife (who would be the joint holder if it was a regular GIC) is the successor holder....bingo, separate CDIC coverage category and effectively the same thing as a joint GIC!  

We don't have cash or GIC's in our TFSA's, only much higher return equities for greater taxes 'avoidance'.

I'm pretty much like cgouimet, certainly with the big 5 and big 5 subs. I stopped dealing with Simplii for 3 reasons - horrible web site with limited information and/or basic information missing/hidden, promos with no promo interest paid until weeks after the period is over, Combined With refusal to put in writing which HISA accounts are included when accepting the promo (in other words, potentially finding out 2 weeks after the promo ends that I got nothing), AND their "reinventing" themselves into being silly and obviously going after other kinds of customers without money.

With OAK and PEOPLES, I always stay within CDIC with the principal amounts, but accrued interest will take me partially over CDIC, ie; I'm "risking" some of my interest. It's not substantial because I ladder 1 year/15 month GICs through the year.

With EQB, I'm the same, and after writing them about joint GICs for years, I've given up on it ever happening. They would rather give away $ 50- or something for a referral of a new customer who deposits $ 100-. And with their latest moves with PC, they won't care about offering more competitive HISA rates, because it's likely their focus will be on getting new HISA customers from PC Optimum who are currently uninformed and earning less than 1/2 of 1% on their savings at a big 5, and will think they have found heaven at 1% 😉 .

I still have GICs with EQ but only in a TFSA, where my wife (who would be the joint holder if it was a regular GIC) is the successor holder....bingo, separate CDIC coverage category and effectively the same thing as a joint GIC!

The Big 5: BMO, CIBC, RBC, SB, TD - I would readily greatly exceed the $100k CDIC limit at the right rates but we currently are clients of only BMO for Income auto deposits and daily banking and occasional savings when offers appear.

Big 5 Subs: TNG, Simplii - Because they are subs of the Big 5, I would readily exceed the CDIC limits when rates are reasonable. I do frequently materially exceed CDIC @ TNG during promos. (CIBC have for some stupid reason declined me for CC products. So, I countered by closing our Simplii accounts.)

OAK: I frequently wander up to 25% above CDIC but would like input from others before considering stretching further.

EQB: If they had better HISA rates and joint GIC's, I would treat like OAK but would like input from others.

My $1.99 input ...

elad said
On the GIC chart, the calender update for Hubert is stuck on July 29.  

Thanks! I've fixed this now.

GR said
I believe that Motus Bank and Ideal Savings should be removed from the active Discussion Forum page.  

Thanks! I've archived them now.