Tax Free Savings Account

Author: TFSA

  • Can PC Financial Get Any Lower?

    I am actually very surprised to see this interest rate drop from PC financial. As you can see, it is now at 1.65%: I’m surprised as while the previous figure was pretty low, this financial institution usually clamors its no fee banking plans while offering a high interest rate. Here, this is one of the…

  • Dual Bank Interest Rate Drop

    This was kind of a coincident I thought as both CIBC and RBC appears to have dropped its TFSA interest rate to 1.75% as you can see here: Again, this always makes me wonder if there is some kind of behind the scenes talk ahead of time where the banks collaborate with each other to…

  • Lower Scotiabank TFSA Rate

    Scotiabank has adjusted its TFSA interest rate to 2% as you can see here: Looks like the rate is getting closer and closer to the initial 1.75% rate. I’m actually surprised that banks aren’t holding out a little longer to maintain a better image to the customers.

  • Extremely New Low PC Financial Rate

    You talk about a drop in interest rate. I was checking the interest rate today and it has fallen to a whopping 1.85% as you can see here: It is pretty unbelievable and how fast the rates has dropped for PC financial considering they started as one of the highest at 3.75%. If I’m not…

  • CIBC TFSA Rate Lowers

    So it looks like CIBC took a hit today as its tax free savings account interest rate fell. Not surprisingly, it has dropped to the widely adopted figure of 2.25% as you can see here: It’s almost like all the big banks have a discussion with each other ahead of time to determine a universal…

  • ING Direct TFSA Interest Rate Drop

    ING Direct definitely had one of the higher interest offerings at 3% initially and just recently the rate has been reduced to 2.3% as you can see here: The rate is still higher than most other financial intuitions I suppose which is the good thing as a lot of other banks seemed to have adopted…