Personal Finance

The Official RFD TFSA thread for Savings Accounts! (Updated as of 09/09/2017)

[OP]
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Mar 23, 2004
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andrew4321 wrote:
Jul 17th, 2017 8:52 am
What's the deal with Wealth One Bank? It seems that they have 2.50% for regular HISA as well.
It's a new bank opened July 2016. And most of its BOD/investors are mainland Chinese.
「もし、奇跡を起こせたら……」
Sr. Member
Sep 19, 2009
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angel_wing0 wrote:
Jul 17th, 2017 9:02 am
It's a new bank opened July 2016. And most of its BOD/investors are mainland Chinese.
Thanks Angel. Any decent review from a customer perspective?
[OP]
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andrew4321 wrote:
Jul 17th, 2017 9:08 am
Thanks Angel. Any decent review from a customer perspective?
Nope, I just knew about it after it was posted here on Sat. No interest in trying consider that they are opened by Mainland Chinese.
「もし、奇跡を起こせたら……」
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Sep 19, 2009
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angel_wing0 wrote:
Jul 17th, 2017 9:17 am
.... No interest in trying consider that they are opened by Mainland Chinese.
It is CDIC insured. What is your concern?
[OP]
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andrew4321 wrote:
Jul 17th, 2017 9:22 am
It is CDIC insured. What is your concern?
Read the article posted on the Wealth One thread. 0.20% more than EQ is not worth it, and I need the 5 EMT trx per month that EQ gives.
「もし、奇跡を起こせたら……」
Member
Jun 13, 2017
213 posts
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Most TFSAs have $50 transfer fee so assuming max amount, it would take 2 months to be even. (aprox. $28/mo more than Alterna at 1.9)

It was 0.85% from Jul 2016 until May 2017 (last cache I found). With such a big jump I am hesitant chasing the new rate.
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Jun 13, 2017
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That was quick. Wealth one TFSA down to 0.85%. I dont know how many people jumped on 2.5% taking $50 hit, and you'd be at loss.
[OP]
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They are obviously trying to bait you into the account. Their normal savings account could be next.
「もし、奇跡を起こせたら……」
[OP]
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^ Thanks, updated.
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Dec 15, 2009
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Ontario
Laughable.
Prime goes up.
Borrowing goes up.
Savings still $hit.
Deal Addict
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Dec 17, 2008
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Winnipeg
Accelerate FInancial 1.85% http://www.acceleratefinancial.ca/rates/rates.aspx

RBC TFSA - http://www.rbcroyalbank.com/RBC:SWVrDo7 ... s/rsp.html
now 0.70%

Ideal Savings TFSA is now 2.00% - https://idealsavings.ca/rates/

Steinbach CU TFSA is now 2.05% - https://www.scu.mb.ca/rates/savings-rates

First Ontario DOWN to 1.50% - https://www.firstontariocu.com/Personal/Rates/
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[OP]
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Mar 23, 2004
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^ nice, looks like we have a new leader in TFSA Savings :D
「もし、奇跡を起こせたら……」

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