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[B2B Bank] B2B Bank HISA 3.30%

  • Last Updated:
  • Oct 18th, 2019 2:08 pm
Newbie
Jul 12, 2019
25 posts
82 upvotes
swordy wrote:
Aug 14th, 2019 5:27 pm
With all the bank stocks with 4.5% yield on dividend, doesn't make sense staking money away on savings account with @ 2%.inflation at this period
HISAs are more liquid and therefore better suited for "emergency" funds. Bank stocks are way more volatile than HISAs. Read up on "risk-adjusted returns" - a CDIC insured HISA @3.3% may be a steal compared to a bank stock @4.5%.

Also dividends are a red herring. Total return or GTFO.
Newbie
Jun 22, 2009
38 posts
10 upvotes
RichardStroker wrote:
Aug 14th, 2019 6:10 pm
Bank stocks are way more volatile than HISAs. Read up on "risk-adjusted returns" - a CDIC insured HISA @3.3% may be a steal compared to a bank stock @4.5%.

Also dividends are a red herring. Total return or GTFO.
yes, they both serve a different purpose, as I am referring to an investment perspective instead of parking saving/emergency funds

However i'd disagree on variable saving rate of 3.3% is steal compared to Bank stocks as if you look at the history of Canadian banks, the majority will always emphasise on their dividend and the management will insist on not slashing nor suspend it...
With the underlying value in banks and high barriers to entry, plus avg yields are approaching 5% and utilizing covered call strategy will further reducing ACB- achieving annual 10-15% return is feasible in my opinion.
Last edited by swordy on Aug 14th, 2019 7:12 pm, edited 1 time in total.
Newbie
Jun 22, 2009
38 posts
10 upvotes
eugene188 wrote:
Aug 14th, 2019 5:38 pm
Do u buy bank centered ETFs? I find I don't have enough cash to buy single banks and do DRIP from my waterhouse account and have it be worthwhile.
I am not into ETFS.. find them too diversified and limited control.

I know the fund "TSE: FTN" mainly focus on N.A. financial companies which offers high monthly yield.

do make note of the MER and Preferred share holders gets first dip;
plus DIV do get suspended after NAV drops below certain amount
Deal Fanatic
Aug 15, 2015
7608 posts
3778 upvotes
ON
Now if we could only get past their fukn application page...
Finally made it. 48hrs to link an acct.
Newbie
Oct 9, 2014
53 posts
28 upvotes
Quebec, QC
dilligafeh wrote:
Aug 14th, 2019 7:02 pm
Now if we could only get past their fukn application page...
Finally made it. 48hrs to link an acct.
LOL
Deal Fanatic
Aug 15, 2015
7608 posts
3778 upvotes
ON
kipperbernie wrote:
Aug 14th, 2019 5:53 pm
Yes, but not for everyday banking. As the name suggests, more a business bank. I'm checking this deal out for fees, rules and limitations. Their application form is really awful, but the deal seems legit, though likely temporary.
Image
Member
Dec 5, 2016
217 posts
258 upvotes
Will have to remember this once the Manulife offer expires. :)
Deal Addict
Oct 4, 2009
2419 posts
1163 upvotes
Montreal
rolsae wrote:
Aug 14th, 2019 4:28 pm
Expiry:May 31, 2020
Where did that expiry date come from? Thanks.
Deal Fanatic
Aug 15, 2015
7608 posts
3778 upvotes
ON
S5 wrote:
Aug 14th, 2019 8:32 pm
Where did that expiry date come from? Thanks.
Condom in his wallet ??
Deal Fanatic
Aug 15, 2015
7608 posts
3778 upvotes
ON
dealhntr wrote:
Aug 14th, 2019 8:36 pm
Is E transfer free?
Really ? Y u no look hard at pikchure ?
Member
Dec 25, 2007
289 posts
125 upvotes
CALGARY
swordy wrote:
Aug 14th, 2019 6:49 pm
I am not into ETFS.. find them too diversified and limited control.

I know the fund "TSE: FTN" mainly focus on N.A. financial companies which offers high monthly yield.

do make note of the MER and Preferred share holders gets first dip;
plus DIV do get suspended after NAV drops below certain amount
As someone that has been in FTN for well over a year, I can't say I recommend it. It went down to $3 range once a few months ago and is still well below my $10 purchase price :(
Sr. Member
Aug 1, 2006
523 posts
345 upvotes
Toronto
S5 wrote:
Aug 14th, 2019 8:32 pm
Where did that expiry date come from? Thanks.
It says in fine print may expire at any time
b2bbank

1 B2B Bank HISA rates as of August 12, 2019. All rates are subject to change at any time without prior notice. The applicable rate is paid on every dollar in the account. Interest rates are per annum. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account.
Deal Guru
User avatar
May 8, 2009
11034 posts
7570 upvotes
South Pole
This seems tasty on paper. So if I understand correctly...
  1. a HISA that pays 3.3% (calculated on daily balance, paid monthly)
  2. Unlimited withdrawals (bill pays, external transfers)
  3. If they don't have bill pay built in, just link it up to PayTM
  4. No TFSA option
  5. No ATM access or debit card?
  6. No welcome bonus
  7. No deadline or expiry for current rate, but can change any time?

If all this is the case, it takes a nice stab at Manulife, DUCA and the likes, and almost makes those TFSA's at 2.8% irrelevant.
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