Expired Hot Deals

[TD Bank] Contribute $1,000 to a new RSP. Get $100

  • Last Updated:
  • Sep 10th, 2019 12:19 pm
[OP]
Deal Addict
May 31, 2005
1626 posts
353 upvotes
Mississauga

[TD Bank] Contribute $1,000 to a new RSP. Get $100

https://www.td.com/ca/en/personal-banki ... getstarted

Contribute $1,000 to a new RSP. Get $100 towards your retirement

Step 1

Open a new personal or spousal TD Canada Trust RSP or TD Mutual Funds RSP account ("New RSP") and contribute $1,000 or more (direct contribution or transfer from a registered plan at another Canadian financial institution) into the New RSP, by March 1, 2019 through an investment in one or more of the qualifying products set out under the Qualifying Product section.

You must be a Canadian resident who is of the age of majority in their respective province or territory by March 1, 2019
Qualifying Product(s)

TD Canada Trust non-cashable Guaranteed Investment Certificate (GIC) with a maturity of 1 year or more purchased by March 1, 2019; and/or

An eligible TD Mutual Fund or TD Managed Assets Program portfolio and set up a Pre-Authorized Purchase Plan ("PPP") in the New RSP TD Mutual Funds RSP, with a minimum monthly investment of $25 by March 1, 2019, make the first PPP transaction by March 31, 2019, and maintain the PPP until July 31, 2019.

Step 2

Maintain minimum $1,000 contribution/transfer in the New RSP until July 31, 2019 and keep the New RSP account open until August 31, 2019.
46 replies
Jr. Member
Sep 23, 2009
138 posts
39 upvotes
Montreal
nice. I guess for people who already have RRSP with them are not qualified,,,
sign...
Newbie
Apr 19, 2018
40 posts
23 upvotes
Vancouver
I think that there is a fee to transfer RRSP from TD to another institution. The fee is $100.
So, there is no way to use this $100 bonus because MF and GIC is not good way to invest your money.
TD MF have high MER. It will cost you much more than $100 bonus...
I am not looking to offend anyone.
Member
Mar 28, 2010
207 posts
282 upvotes
vancouver
What kind of MF are you comparing to? I can say we're quite competitive when you're comparing apples to apples.

And just accumulate 5k, transfer to wealthsimple, then transfer out (to your preferred institution). No fees.

Edit: for comparison on 60/40 portfolios sold in branch: TD Comfort Balanced Growth Portfolio 60/40 is 2.02%.
BMO SelectTrust Balanced Portfolio 60/40 is 2.39%.
Newbie
Sep 26, 2018
24 posts
36 upvotes
I dunno what you just said but I do love wealthsimple
Deal Fanatic
User avatar
Sep 6, 2002
7850 posts
776 upvotes
Vancouver
havercanada wrote: I think that there is a fee to transfer RRSP from TD to another institution. The fee is $100.
So, there is no way to use this $100 bonus because MF and GIC is not good way to invest your money.
TD MF have high MER. It will cost you much more than $100 bonus...
Not looking to offend anyone. I’ve been looking to set up an rsp and $1000 isn’t much.

If I use wealth simple will I get this $100 or close to it? Not in a rush to collect but 10% for $1000 sounds like a decent way to park a grand
Did I post something that interests you? Feel free to PM further questions.
Deal Addict
User avatar
Aug 10, 2006
1112 posts
575 upvotes
Not looking to offend anyone. I’ve been looking to set up an rsp and $1000 isn’t much.

If I use wealth simple will I get this $100 or close to it? Not in a rush to collect but 10% for $1000 sounds like a decent way to park a grand
For a new TD investor, i think it is also nice way to get access to their web investment platform compared to other big banks platforms that isnt that great..

lol.. i was just in personal finance section before checking out hot deals.
Member
May 19, 2009
421 posts
283 upvotes
Vancouver
st-d wrote:
Jan 30th, 2019 11:46 pm
nice. I guess for people who already have RRSP with them are not qualified,,,
sign...
Yes, I made an appointment there two weeks ago just to find out that since I already have RRSP with them I don't qualify for the $100. It was a disappointment since in my appointment message I specifically said that I saw this advertisement so I wanted to bring in new funds for the RRSP... WIsh the advisor who saw the e-mail had called me to let me know that I don't qualify. Ah well, it's too much of a hassle to transfer out so I just bought this year's worth with TD again =\
Member
Mar 28, 2010
207 posts
282 upvotes
vancouver
sherri-chan wrote:
Feb 2nd, 2019 4:10 am
Yes, I made an appointment there two weeks ago just to find out that since I already have RRSP with them I don't qualify for the $100. It was a disappointment since in my appointment message I specifically said that I saw this advertisement so I wanted to bring in new funds for the RRSP... WIsh the advisor who saw the e-mail had called me to let me know that I don't qualify. Ah well, it's too much of a hassle to transfer out so I just bought this year's worth with TD again =\
TD has RRSP offers for transfering in to direct investing (up to $200) in free trades, or TD financial planning ($300-$1000) for transfer in of 100k+.
Deal Addict
Mar 8, 2013
2461 posts
1180 upvotes
Where is the $100 deposited if you buy a $1000+ GIC?
[OP]
Deal Addict
May 31, 2005
1626 posts
353 upvotes
Mississauga
akaManny wrote:
Feb 2nd, 2019 10:59 am
Where is the $100 deposited if you buy a $1000+ GIC?
5. Deposit of the Award: For individuals with only one New RSP, the Award will be paid, on or before August 31, 2019, as set out below:
For a GIC investment :
As a deposit into the Daily Interest Savings Account within the New RSP in which the GIC is held.
For TD Mutual Funds or TD Managed Assets Program portfolio* investment:
As an investment into the same series of the same mutual fund in the same proportion as set out in the qualifying investment amount in the New RSP. The Award is paid in Canadian dollars.
[OP]
Deal Addict
May 31, 2005
1626 posts
353 upvotes
Mississauga
havercanada wrote:
Feb 2nd, 2019 1:40 am
I think that there is a fee to transfer RRSP from TD to another institution. The fee is $100.
So, there is no way to use this $100 bonus because MF and GIC is not good way to invest your money.
TD MF have high MER. It will cost you much more than $100 bonus...
the $100 award is deposited into the Daily Interest Savings Account within the New RSP in which the GIC is held.
10% return for $1000 GIC is not too shabby
Sr. Member
Sep 18, 2008
564 posts
131 upvotes
I don't bank with TD can I just buy $1000 RSP to get the $100 or would I have to setup a savings/chequing account as well? I am not interested in paying a monthly fee. Thanks!
Sr. Member
Jun 26, 2010
579 posts
306 upvotes
Vancouver
tdotojnf wrote:
Feb 2nd, 2019 12:48 pm
I don't bank with TD can I just buy $1000 RSP to get the $100 or would I have to setup a savings/chequing account as well? I am not interested in paying a monthly fee. Thanks!
There's no monthly fee on their most basic savings account.
Newbie
Apr 19, 2018
40 posts
23 upvotes
Vancouver
xbournex wrote:
Feb 2nd, 2019 1:55 am
What kind of MF are you comparing to? I can say we're quite competitive when you're comparing apples to apples.

And just accumulate 5k, transfer to wealthsimple, then transfer out (to your preferred institution). No fees.

Edit: for comparison on 60/40 portfolios sold in branch: TD Comfort Balanced Growth Portfolio 60/40 is 2.02%.
BMO SelectTrust Balanced Portfolio 60/40 is 2.39%.
I am not looking to offend anyone. MF is dying industry. Especially Canadian MF industry has highest in the world MER.
Is there any prove that transfer RRSP money from TD to anywhere including wealthsimple free (with No $100 fee) ?
Thank you.
I am not looking to offend anyone.

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