Bank InvSavAccts [<= 4.50%] [REAL HISAs] [CDIC: Yes!] [CAD/USD]

vdimitrov wrote: ↑ Thanks Do you know if there are any issues with buying a HISA mutual fund from a bank not affiliated with your brokerage? Any fees, minimum holding periods, etc?

I have TD DI and CIBC Investors Edge. In the TD DI account I don't see for example the DYN6000 Scotia ISA fund, I see in in CIBC Investors Edge.

Are TD just greedy and don't want people to buy anything else than TDB8150 fund?

Also, it seems like these funds have 0.15-0.25% trailing fee, which may be waved if buying from the affiliated bank. But even with the trailing fee Scotia's ISA is much higher than the rest.

vdimitrov wrote: ↑ Thanks Do you know if there are any issues with buying a HISA mutual fund from a bank not affiliated with your brokerage? Any fees, minimum holding periods, etc?

I have TD DI and CIBC Investors Edge. In the TD DI account I don't see for example the DYN6000 Scotia ISA fund, I see in in CIBC Investors Edge.

Are TD just greedy and don't want people to buy anything else than TDB8150 fund?

Also, it seems like these funds have 0.15-0.25% trailing fee, which may be waved if buying from the affiliated bank. But even with the trailing fee Scotia's ISA is much higher than the rest.

vdimitrov wrote: ↑ In regards to Scotia's DYN6004, which currently pays the highest interest of 3.80% it is F series fund, no trailing fees or holding periods as the F series funds are supposed to be only available via financial advisors, where clients pay other commisions.

I am not aware of any other Canadian bank allowing their brokerage customers to buy their F series funds directly. If I. was with Scotiabank I would be totally parking my cash in DYN6004.

The other funds we've discussed are A series funds, which normally have trailing fees and some may have min holding periods and can be bought by individual investors.

sk1001 wrote: ↑ if we are using Itrade platform where do we find the DYN6004 ?

sk1001 wrote: ↑ if we are using Itrade platform where do we find the DYN6004 ?

sk1001 wrote: ↑ Sweet thanks for that info.

If i do Dividend cash - the interest earned will get deposited right?

yes newbie question

sk1001 wrote: ↑ Sorry for bugging with this, from what I understand with this DYN6004 is that their are no fees? Do we have to hold them up to 90 days?
From what I was told because it's like interest we'll get a t5?


"If you redeem or switch your mutual fund within 90 days of the purchase date, there are fees that may be relevant to you: Early Redemption Transaction fees may be charged and deducted from the settlement amount by some mutual fund companies including Scotia Mutual Funds. Please refer to the prospectus of each fund for details."

ADenariusSaved wrote: ↑ I have not found any documentation specific to DYN6004, opaque as I said...But I don't see any fees? Maybe something to call about, but Scotia probably has the worst phone customer service I've experienced of the Big 5. Going on the French line barely helps.

Here is the A series document: https://www.scotiafunds.com/en/home/all ... -fund.html
But like...that has a fee, and we're totally not buying A's, we're buying F's.

Gingercookie wrote: ↑ Banks change the rules all the time. I suggest you ask your broker if you are uncertain. For the most part, there are no trading trailing fees, holding periods, if you buy/sell from your broker's bank's HISA, so this should be done to avoid nasty sudden fee surprises.

As for CIBC IE, I caution that even if you see DYN6000 Scotia, you may not be able to execute the order. Seeing it doesn't mean you are allowed to buy it.

ADenariusSaved wrote: ↑ My god, this is messy data to handle vs. the ETFs...I updated Scotia's because I'd use that one personally.

Gingercookie wrote: ↑ I propose the following format in the thread summary. Instead of grouping the banks by rates I've now listed the banks and their rates individually, because it is becoming more frequent that the rates among them are starting to differ, sometimes by a lot. Look at the Canadian dollars - today almost all of them offer different rates.

BNS is the only one that I show series F, because currently only Scotia's discount broker allows customers to purchase the more favorable series F.


Latest Big Six HISA FundSERV discount broker rates (as of Dec 8th 2022)

Canadian Dollars
RY. 3.55%
TD. 3.40%
BMO 3.65%
BNS 4.05% (series F)
CIBC. 3.25%
NA. 3.25%


US Dollars
RY. 3.40%
TD. 3.40%
BMO 3.50%
BNS 3.65% (series F)
CIBC. 3.40%
NA. 3.40%

ADenariusSaved wrote: ↑ Thanks!

You're free to change it as you desire, anyone can really...

The banks make this so convoluted, I'm almost tempted to just give ranges of A-F series. But the only product I know is Scotia. And these aren't as transparent as the HISA ETFs to be able to read product offerings accurately.

Gingercookie wrote: ↑ Hahaha, but you are in charge of this thread. I just want to see if you are okay with my proposal before I start changing it.