Personal Finance

B2B Bank HISA 1.50% (Sept 16th) *New accounts opening through referral code from an Advisor only*

  • Last Updated:
  • Sep 15th, 2020 4:04 pm
Newbie
Jul 12, 2019
51 posts
257 upvotes
swordy wrote: 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
87 posts
42 upvotes
RichardStroker wrote: 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
87 posts
42 upvotes
eugene188 wrote: 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
8228 posts
4462 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
73 posts
34 upvotes
Quebec, QC
dilligafeh wrote: 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
8228 posts
4462 upvotes
ON
kipperbernie wrote: 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
237 posts
273 upvotes
Will have to remember this once the Manulife offer expires. :)
Deal Addict
Oct 4, 2009
2583 posts
1447 upvotes
Montreal
rolsae wrote: Expiry:May 31, 2020
Where did that expiry date come from? Thanks.
Deal Fanatic
Aug 15, 2015
8228 posts
4462 upvotes
ON
S5 wrote: Where did that expiry date come from? Thanks.
Condom in his wallet ??
Member
Dec 25, 2007
385 posts
245 upvotes
CALGARY
swordy wrote: 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 :(
Deal Addict
Aug 1, 2006
1358 posts
999 upvotes
Toronto
S5 wrote: 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
13321 posts
10610 upvotes
Leask
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.
No solicitation in sigs

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