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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…
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Bank of Montreal TFSA Interest Rate Update
Looks like BMO has updated its website. The rate seems to be better than the previously noted 2.75% as from what I see it is 3% as you can see here: http://www4.bmo.com/personal/rates/0,2278,35649_63297975,00.html That’s pretty good I think personally. It also indicates that “There are no fees for contributions, withdrawals or transfers” which is great for…
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TD Canada TFSA Interest Rates
On TD Canada’s site they have released information about its interest rates for a tax free savings account. They are labeling it as the “High Interest TFSA Savings Account” with an annual interest rate of 1.75% that is paid out monthly as you can see by this chart: From my own observations, despite the name…
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Bank of Montreal TFSA Interest Rate
Alright, so I just got some information about BMO’s tax free savings account interest rate. Apparently the interest rate it is going to be 2.75%. As of now the information is still unpublished on the site, but that should give everyone who is considering BMO a good head start in their decision making process. Of…