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Targeted 6% HISA offer YMMV
February 28, 2024
8:22 am
InterestThis
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Looking at one of the last one's at the end of Jan, it looks like there was about a week between one offer ending, and the next starting. Will see what happens with the offer ending Feb 29.

February 28, 2024
1:10 pm
HermanH
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mordko said
Tax will be the same and paid by the same person, regardless of where the money is sitting. Right? Am I missing something?  

Tax on RBC is paid by me.
Tax at Tang is paid by the other joint holder.

February 28, 2024
2:14 pm
mordko
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HermanH said
Tax on RBC is paid by me.
Tax at Tang is paid by the other joint holder.  

Ok, but if you were to move $1000 from RBC to your joint Tang account, you would still be the one liable for tax on interest earned from this $1000.

February 28, 2024
2:32 pm
HermanH
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Of course. Same amount of interest and tax, but tax paid by different parties.

The crappy thing is that I wasted my 'first RBC HISA' promo offer unnecessarily. I cannot requalify for a new one and was holding it in my back pocket in case I could not find normal offers comparable.

February 29, 2024
6:27 am
Technical Analyst
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My Tangerine 6% offer expires March 7th, so from what I assume, you pull the money out a few days earlier to TRY to trigger another promo offer?

I asked Tangerine and they won't go above 4.6% on HISA and offered up a 6 month GIC @ 5.75% a few days ago.

Simplii @ 5.5% HISA seems better than the 6 mo 5.75% GIC.

February 29, 2024
6:46 am
InterestThis
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Did Tang send you a notice about a 6 month GIC 5.75%.
As their GIC is much lower. What that a TFSA or RRSP GIC?

February 29, 2024
8:10 am
Hubble
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I can concur....Just took the 6 month offer in my business account for 5.75%

February 29, 2024
8:13 am
Hubble
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Sorry I should add that I called them... as had two 1 year GIC's expiring that were at 5.07%

February 29, 2024
8:22 am
InterestThis
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So when calling in, they offered the 180 day unregistered GIC for 5.75%?

February 29, 2024
8:23 am
cgouimet
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Technical Analyst said
My Tangerine 6% offer expires March 7th, so from what I assume, you pull the money out a few days earlier to TRY to trigger another promo offer?

I asked Tangerine and they won't go above 4.6% on HISA and offered up a 6 month GIC @ 5.75% a few days ago.

Simplii @ 5.5% HISA seems better than the 6 mo 5.75% GIC.  

The real reason is to ensure a very low starting balance in case you get another offer.

CGO
February 29, 2024
9:37 am
Hubble
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InterestThis said
So when calling in, they offered the 180 day unregistered GIC for 5.75%?  

Yes....Tang offered the 5.75%. I told them funds would go to ISA (DYN6006) via Questrade if unacceptable offer.

February 29, 2024
10:08 am
InterestThis
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Hubble said

Yes....Tang offered the 5.75%. I told them funds would go to ISA (DYN6006) via Questrade if unacceptable offer.  

Hmm, that is one of the few times I have heard them offer something decent when calling in. Guess I should have tried calling in before moving out.

February 29, 2024
10:16 am
Lodown
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I called Tang today. I stated I would be moving my funds out unless they could offer a competitive rate. This is what they came back with, stating they were making exceptions:

New daily int for 5 months: 4.5%
6 month GIC: 5.25%
9 month GIC: 5.3%
1 Yr GIC: 5.4%

Not competitive, so I asked that they transfer my funds out and confirmed that the funds would be set to go out tomorrow - March 1st.

After I logged in to my account, I noted they transferred my funds out today...right after my call! In the past, they always set the transfer up the next day whether I do it myself online or they do it for me. Well, not this time. I guess they wanted to save themselves 6% for a day.

February 29, 2024
10:51 am
zgic
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Hubble said

Yes....Tang offered the 5.75%. I told them funds would go to ISA (DYN6006) via Questrade if unacceptable offer.  

So Questrade has Scotiabank ISAs?
I was trying to search for the DYN600... series funds in Questrade and could NOT find any.
Which Scotiabank fund codes are available in Questrade for ISAs?

February 29, 2024
12:09 pm
Hubble
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Sorry Zgic...I should have said ITrade for the DYNfunds...I trade at both place ....Questrade as well as ITrade and those funds are available via ITrade. Dyn6004 for personal account and DYN6006 for business account.

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