Scotiabank 5% money master rsp til June 1

[Lizz__20]

This might be good if you want to make the RSP deadline but don't have time to think about where to actually invest your money once it's in there. This givces you til June with a pretty good rate.

From the site: Link (http://www.scotiabank.com/cda/content/0,1608,CID12117_LIDen,00.html)
"Make your RSP contribution before the February 29th deadline. Scotiabank’s offer of a 5.00% guaranteed rate on new RSP contributions until June 1, 2008 to a Money Master for RSPsTM account.


Then, come in and sit down with a Scotia® advisor to get a Second Opinion on what’s right for your RSP portfolio.

From February 15th, 2008 to June 1st, 2008:

5.00% special annual interest rate applies to New Registered Deposits held in your Money Master for RSPs account.
A New Registered Deposit includes funds deposited during the promotional period to your Money Master for RSPs account as a contribution or a transfer from another financial institution.

The then-posted Money Master for RSPs account interest rate+ will apply to your entire Money Master for RSPs account balance after June 1st, 2008 (subject to change without notice).

Any special interest earned will be paid on June 30th, 2008."

[WHO]

Not bad, I wonder if I can then switch it to my ScotiaMcLeod self-directed RSP account afterwards.
I'll check it out, thanks.
***
I found out that they only pay interest semi-annually. In june and december.
So, this is no better than the current HSBC 4.75 deal paid monthly. Especially since Scotia's regular rate (after june 1st) is only 2.35%)...