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Bank of Montreal TFSA Interest Rate Drop
I guess this is one of the last round of large banks who has officially decreased its tax free savings account interest rate. BMO originally had a 3.0% interest rate and as you can see here today that has apparently dropped to 2.25% So by the looks of it people were only able to enjoy…
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Scotiabank TFSA Contest
I’m not sure how I missed this before, but Scotiabank is holding a contest where everyday it is giving away $5000 through random draws. You can enter the contest at this page https://5000aday.scotiabank.com/ From what I see you don’t have to have a TFSA account with them initially to enter the contest. As well, the…
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RBC TFSA Interest Rate Drop
This one was to surprising to me as I expected the bigger banks to drop its interest rates sooner or later. I guess you can add RBC to the mix as its new rate is 2.25% compared to its original 2.5% The rate is kind of interesting as it is in-line with Outlook Financial’s change…
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Outlook Financial TFSA Interest Rate Drop
Looks like this financial institution has recently had a significant drop in its interest rate. Outlook Financial originally had a pretty high 2.8% offering and as you can see here that has dropped to 2.25%. That’s a loss of 0.55%. This is the first credit union I have seen where the interest rate has taken…
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PC Financial Early Bird Incentive Interest Rate Bonus
I have been getting word that some people who have signed up for PC Financial’s TFSA plan before the official launch date got some kind of bonus interest incentive. It is not too much by the sounds of it, but free money is always nice especially since this bank in particular has dropped its rates…
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Scotiabank Fast TFSA Interest Rate Drop
If you ever wanted an example of a very fast interest rate drop and how they can change at anytime, I guess Scotiabank is a good example of that. It has been a little over a week since I posted about its initial interest rate increase from 1.75% to 2.6%. Just today, I was told…
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That $5000 Bank Thing
Well this was kind of funny. I was talking to a person today about a tax free savings account and at first he had no idea what it was. I started explaining a bit about how it is kind of like an RRSP that worked a little differently as you can earn interest and not…