Well, as of this day at least. And the award goes to…….. PC Financial. At an astonishing rate of 1.2% this is the lowest TFSA interest that I have ever seen as you can see here:
I’m inclined to say that it is trivial to invest in a TFSA account with them with that low of an interest rate as even if you had to pay taxes using a more traditional high interest savings account you would earn more in the end.
How is it that they are offering a lower rate than the big banks considering this financial institution should have a lower overhead without things like an in-store branch?