The Business and Financial Forum CIBC.RBC-RoyalBank.TD-CanadaTrust.BMO.ScotiaBank.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.. |
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02-17-2009, 05:22 PM
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#26
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HELP ME PLS!!!
Join Date: Jan 2004
Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
Failed 208 Times in 42 Posts
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So I just noticed PC gave me a "INTEREST EARLY BIRD INCENTIVE RATE " bonus interest... which when added to my Jan interest amount means I got the 3.75% for the full month of Jan, even though the rate droped half way through??..
it seems I am locked in at 3.75% since I opened it up before Jan? I wonder for how long? 
I bet they had alot of poeple complain about the rate dropping so fast.
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02-17-2009, 06:21 PM
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#27
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WOAH! i think Vtec just kicked in!
Join Date: May 2005
Location: vancouver
Posts: 1,620
Thanked 218 Times in 59 Posts
Failed 43 Times in 16 Posts
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Stops in March. Read the fine Print.
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02-17-2009, 10:24 PM
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#28
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HELP ME PLS!!!
Join Date: Jan 2004
Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
Failed 208 Times in 42 Posts
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the piece of paper I got when I signed up just say "rates subject to change at any time"
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02-28-2009, 09:16 AM
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#29
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Orgasm Donor & Alatar owned my ass twice!
Join Date: Mar 2003
Location: Vancouver
Posts: 6,803
Thanked 91 Times in 38 Posts
Failed 17 Times in 6 Posts
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Let's say I put $5000 in a TFSA right now. In Mid-December, the account is now worth $6000. I withdraw the entire amount in mid December.
Next year, is my contribution room $10,000 or $11,000?
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02-28-2009, 09:57 AM
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#30
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HELP ME PLS!!!
Join Date: Jan 2004
Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
Failed 208 Times in 42 Posts
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11000
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02-28-2009, 10:38 AM
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#31
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My homepage has been set to RS
Join Date: Apr 2005
Location: Van
Posts: 2,082
Thanked 2 Times in 2 Posts
Failed 4 Times in 2 Posts
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so wheres the best rate at the moment?
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03-01-2009, 09:50 PM
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#32
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HELP ME PLS!!!
Join Date: Jan 2004
Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
Failed 208 Times in 42 Posts
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I think PC is at 2.55 and TD 2.5 don't know about others. you can still get GIC's at 3+ so if you don't need the money in the next couple years, but wanted no risk. GIC would probbaly be better.
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03-02-2009, 10:53 PM
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#33
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RS has made me the bitter person i am today!
Join Date: Aug 2005
Location: Canada
Posts: 4,564
Thanked 19 Times in 14 Posts
Failed 62 Times in 39 Posts
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PC's dropped to 2.35%. Since I'm a student with low income anyways I decided to withdraw it all out and dump it in a GIC because of the impending rate drop from BoC. No point waiting for them to drop my rates again since TD offers some pretty decent GICs in the range of 3-4% per annum.
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03-03-2009, 02:36 PM
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#34
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Banned (ABWS)
Join Date: Feb 2009
Location: Kits/Richmond
Posts: 4,409
Thanked 1,105 Times in 540 Posts
Failed 555 Times in 222 Posts
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The TFSA is a great way to invest tax-free, it doesn't have to be a "savings account".
I plan to open an investment account, sell some of my investments, and rebuy them inside the tax-free shelter. Why limit yourself to 3-4% returns?
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