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TD Canada Increases Its TFSA Interest Rate
This is one of the first banks that I have seen that actually increased its interest rate for its tax free savings account. TD bank definitely had one of the lowest interest rate overall and as you can see here they have upped its offering to 2.5%: While the rates are subject to change like…
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Scotiabank TFSA Interest Rate
Okay, lots of people have been asking me if I knew what the TFSA interest rate for Scotiabank was. For some reason this is one of the few banks that haven’t posted the information online and I think I can see why. But based on the review posted by one of visitors to this site…
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Withdrawing TFSA Funds Instead of Transferring To Avoid Fees
As expected I have been hearing a lot of negative vibe about the business/marketing practices of certain financial institutions that have suddenly dropped its tax free savings account interest rates. As a result, many people do not want to move their funds out of the account as well as their provider charges a fee to…
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PC Financial Drops Its TFSA Interest Rate
Wow, this happened way faster than I thought. As many may know, PC Financial’s TFSA interest rate was a fairly high 3.75%. Just recently though, I visited the site and discovered that the interest rate for its “Tax-Free Interest Plus” plan has been dropped to 3.05% as you can see in this screenshot: I suppose…
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Citizens Bank TFSA Rate And Plan
Here is another bank added to the list. Citizens Bank is a division of Vancity and so it is not too surprising that the annual interest rate is virtually the same at 2.75% as you can see here: They are dubbing this plan as the “Tax-Free Ultimate Savings Account”. Since this a virtual banking option,…
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HSBC TFSA Interest Rate
HSBC offers two different types of savings account for TFSA shoppers. As you can see here, they have a “TFSA High Interest Savings Account” where you can earn a regular maximum of 2.5% or with its “Direct TFSA” account where the regular figure is 2.75%. Now the main difference between the two to justify the…
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CIBC TFSA Interest Rate
The official tax free savings account interest rate for CIBC appears to be 3% as you can see here: Similar to the information provided before too, there is a hefty $100 fee should you decide to transfer some or all your funds to a different financial institution. So for this bank you should really think…