• Last Updated:
  • Mar 6th, 2014 9:07 pm
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6 replies
Deal Addict
Mar 8, 2009
1420 posts
109 upvotes
Speak with some financial planners.
Sr. Member
Mar 31, 2010
832 posts
453 upvotes
Cowgary
If you currently get $175/mo on $70,000 that's roughly a 3% return. Assuming that's inside a HISA, without getting into bonds or riskier assets, that's probably about as good as it gets.
Member
May 23, 2013
220 posts
67 upvotes
jeremyhalifax88 wrote: So ive been saving a lot of money these last couple years and I now have 70k stuck in TFSAs. I'm making about $175/month with it which is decent in my books as there is no risk.
I'm currently renting a place until my girlfriend is done school then we are going to move and buy a place.

My real question is..
Is there a better place to keep my money where id see a higher guaranteed interest payment?

Thank-you
If guaranteed is a requirement, then the short answer is 'no'. Highest guaranteed return I've seen is the 3% for Personal Trust's TFSA HISA that it sounds like you're already in. Haven't seen any GIC or other HISA higher.
Deal Addict
Jun 29, 2009
2307 posts
213 upvotes
Toronto
jeremyhalifax88 wrote: So ive been saving a lot of money these last couple years and I now have 70k stuck in TFSAs.

Total TFSA limit is ~30k or so now? What did you do to get ~100% return?
Or am I missing something here?
Deal Addict
Oct 29, 2010
4475 posts
811 upvotes
He said TFSA's so maybe he has that under him and his girlfriend which means up to 62k.
Deal Addict
May 2, 2007
3013 posts
270 upvotes
Kingston
And how are suppose to pull being broke line to get your locked in amount?

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