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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…
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Outlook Financial TFSA Interest Rate
Looks like Outlook Financial has finally displayed its tax free savings account interest rate on its site. As you can see, it is listed at 2.8%: The rate itself seems okay when you compare it overall with the other financial institutions and is one of the higher choices when it comes to a credit union.
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PC Financial Lowers Its TFSA Interest Rate Again
This is getting a little silly I must say when it comes to the interest rate for PC Financial. Not too long ago I posted how they dropped its interest rate from 3.75% to 3.05%. Today, I discovered that it dropped yet again to 2.55% as you can see here: At this rate, I wouldn’t…
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ING Direct TFSA Interest Rate And A Free $13 Bonus
While the interest rate for ING Direct was the predicted 3% as mentioned in the previous post, I never actually made an official post for it. As well, there was another detail about this financial institution that was worthy of a mention too. Until January the 31st of this month, if you open up a…
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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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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…