Log In
Register
Topic RSS
Facebook
Twitter
Email this2:26 pm
July 9, 2020
Offline
Not seeing much this year for TFSA promos. There is the EQ promo and the Oaken 2.8% standard TFSA HISA rate (as of current date). Anything else?
3:47 pm
September 11, 2013
Offline
Seems to me there are usually not many TFSA promos until later in the year, maybe the thinking is why pay extra to the TFSA keeners who are going to make their yearly contribution asap anyway.
3:53 pm
January 9, 2011
Offline
Bill said
Seems to me there are usually not many TFSA promos until later in the year, maybe the thinking is why pay extra to the TFSA keeners who are going to make their yearly contribution asap anyway.
Agreed, but it mostly depends on their need for funds. TFSA cash pays lower rates in HISA than GICs, but they all know that the major depositors NEVER withdraw from TFSA HISAs, so a vast majority of the funds can be counted on long term while paying less than GIC rates. The keeners are THE source of these not-HISA-short term funds.
So I'm surprised the rate gap strategists aren't falling all over themselves to attract these keeners/larger depositors.
My memory's not as sharp as it used to be. Also, my memory's not as
sharp as it used to be.
Please write your comments in the forum.