Investment savings account 3.8% and up (now updated to 4%+)

There is a thread in RFD about these ISAs
https://forums.redflagdeals.com/big-6-h ... t-2579841/

For Disnat broker, we could search / buy these ISAs in the Mutual Funds trading
https://forums.redflagdeals.com/big-6-h ... #p37121381

Didn't see that in my search in this forum. But I like to see the "tickers" too without hunting. Link also shows the USD ISA

daftfunk wrote: ↑ Didn't see that in my search in this forum. But I like to see the "tickers" too without hunting. Link also shows the USD ISA

Yeah I found these to be hellish to update just because there are so many institutions x A/F class x reasons. Plus all these institutions are on their own relaxed schedules as when to update these - especially as rates rise so they can chinse us.
The site above lags a bit as well but I don't blame the dude cuz I experience the same problems trying to maintain that. That's why I set a thread summary, feel free to add/modify to however you see fit. Or start a thread on non-big 6. The HISA ETF thread is FAR easier to maintain. They don't create an intentional clusterf*** to baffle their clients with bullshit.

Ok, I updated those figures into that thread (second link in my sig), there is some redundancy (with Big 6), ah well...

Maybe I'll remodel the thread to include more than big 6. I feel bad for using that dude's table though, he put a lot of effort/work into that. Or maybe later on, he can just lift ours since we have more eyeballs on it. Honestly it's a lot of work, so most likely we'll be using his, but it is cited/credited.

ADenariusSaved wrote: ↑ Plus all these institutions are on their own relaxed schedules as when to update these - especially as rates rise so they can chinse us.

The Wednesday rate hike prompted me to start looking around and of course no institution has bumped up their ISA rates yet, who knows if they will

Does anyone know the answer to this question, with the TD one, can you put money in and pull it out say in 2 weeks with no penalties? Also, is the interest calculated on a daily basis?

sherman51 wrote: ↑ Does anyone know the answer to this question, with the TD one, can you put money in and pull it out say in 2 weeks with no penalties? Also, is the interest calculated on a daily basis?

Yes, I have bought these from TD, RBC, CIBC before. the interest is daily but the paid out period is monthly. Sometime beginning of the month or end of the month

X360 wrote: ↑ There is a thread in RFD about these ISAs
https://forums.redflagdeals.com/big-6-h ... t-2579841/

For Disnat broker, we could search / buy these ISAs in the Mutual Funds trading
https://forums.redflagdeals.com/big-6-h ... #p37121381

Disnat pays interest on cash balances, payable in the early third week of each month. Although rates are understandingly lower than those of HISA, the advantage is there is no T+1 and hassle free. Interest rates tiers are higher if cash balances are above $25000. Just beware no interest is paid if the interest payable is below $5, which effectively means no interest is paid if the average cash balance is below $2500CAD or $1800USD during the month.

These are the current interest rates for cash balances under $25000 in the month:
CAD 2.45% (prime rate 6.7%-4.25%)
USD 3.25% (prime rate 8%-4.75%) this should increase when US fed raise 25bps this week

Gingercookie wrote: ↑ Disnat pays interest on cash balances, payable in the early third week of each month. Although rates are understandingly lower than those of HISA, the advantage is there is no T+1 and hassle free. Interest rates tiers are higher if cash balances are above $25000. Just beware no interest is paid if the interest payable is below $5, which effectively means no interest is paid if the average cash balance is below $2500CAD or $1800USD during the month.

These are the current interest rates for cash balances under $25000 in the month:
CAD 2.45% (prime rate 6.7%-4.25%)
USD 3.25% (prime rate 8%-4.75%) this should increase when US fed raise 25bps this week

I don't see there is any advantage or T+1 problem. The moment I sell the HISA fund, I could see Disnat update the cash balance right away. No need to wait for T+1 to see the updated cash balance and I could buy other stuffs immediately.

With $0 commission fee, we could freely buy/sell these HISA with higher interest rate compared to keep money idle in the Disnat broker account at lower interest rate.

daftfunk wrote: ↑ The Wednesday rate hike prompted me to start looking around and of course no institution has bumped up their ISA rates yet, who knows if they will

I remember someone calling someone that said, Canada has an uncompetitive banking industry", a tin-foil hat wearer lol
This is just a case and point. Some HISA ETFs run by truly-private non-bank entities boosted their rates the day before the rate hike. The rest by COB on the day of the hike.

X360 wrote: ↑ I don't see there is any advantage or T+1 problem. The moment I sell the HISA fund, I could see Disnat update the cash balance right away. No need to wait for T+1 to see the updated cash balance and I could buy other stuffs immediately.

With $0 commission fee, we could freely buy/sell these HISA with higher interest rate compared to keep money idle in the Disnat broker account at lower interest rate.

Holy shit, prime rate is 6.7%, wow...That's why Scotia can match the BoC rates on DYN6004 (if they'd only update it)

daftfunk wrote: ↑ TD Bank (TDB8150, TDB8155, TDB8157, TDB8159) 3.80%

4.05% now

For a corporate account with around $50k, should I invest in a an ISA (thinking TDB8150) or look for a corporate class one from here (https://www.td.com/ca/en/asset-manageme ... ate-class/) ?

AnnCook wrote: ↑ For a corporate account with around $50k, should I invest in a an ISA (thinking TDB8150) or look for a corporate class one from here (https://www.td.com/ca/en/asset-manageme ... ate-class/) ?

https://www.td.com/ca/en/asset-manageme ... undId=6355

Interesting, I don't know why these even exist (the money market ones would be comparable). You don't get CDIC, and you have nearly a 1% MER, which will reduce your 4-4.7$ yield into the 3%s...

Kind of insulting really, you'd think they'd offer corporate people better yields and product for their knowledge but they rip them off just the same as retail investors.

Why do they need a CFA to manage money market funds lol...No wonder why the fees are so high. I'd love that job...

AnnCook wrote: ↑ For a corporate account with around $50k, should I invest in a an ISA (thinking TDB8150) or look for a corporate class one from here (https://www.td.com/ca/en/asset-manageme ... ate-class/) ?

You might want to try the corporate options here: https://ads.scotiabank.com/ADS/Download/980/en. Much better rates.

need2save wrote: ↑ 4.05% now

RBF2010 is also 4.05%. I think we would see the USD version going up next few days to 4.15% perhaps? Right now it's at 3.90%

Looks like almost everyone has followed with rate increases. I'm looking more into Scotia at 4.35% but it looks like they have fees. Can someone confirm?

CIBC (ATL5000) 4.00%
Equitable Bank (EQB1000) 3.95%
HomeBank (HOB100) 4.20%
Home Trust Company (HOM100) 4.20%
Manulife Bank (MIP510) 4.25%
Manulife Trust (MIP710) 4.25%
National Bank (NBC100, NBC6100, NBC8100) 4.05%
RBC (RBF2010, RBF2020, RBF2030, RBF2040) 4.05%
Scotiabank (DYN6000, DYN5000, DYN3064, DYN3074, DYN3054) tiered: 4.35%+
TD Bank (TDB8150, TDB8155, TDB8157, TDB8159) 4.05%

daftfunk wrote: ↑ Looks like almost everyone has followed with rate increases. I'm looking more into Scotia at 4.35% but it looks like they have fees. Can someone confirm?

CIBC (ATL5000) 4.00%
Equitable Bank (EQB1000) 3.95%
HomeBank (HOB100) 4.20%
Home Trust Company (HOM100) 4.20%
Manulife Bank (MIP510) 4.25%
Manulife Trust (MIP710) 4.25%
National Bank (NBC100, NBC6100, NBC8100) 4.05%
RBC (RBF2010, RBF2020, RBF2030, RBF2040) 4.05%
Scotiabank (DYN6000, DYN5000, DYN3064, DYN3074, DYN3054) tiered: 4.35%+
TD Bank (TDB8150, TDB8155, TDB8157, TDB8159) 4.05%

Take a look at DYN6004 currently at 4.5% no fees.
https://ads.scotiabank.com/ADS/Download/980/en

daftfunk wrote: ↑ Looks like almost everyone has followed with rate increases. I'm looking more into Scotia at 4.35% but it looks like they have fees. Can someone confirm?

CIBC (ATL5000) 4.00%
Equitable Bank (EQB1000) 3.95%
HomeBank (HOB100) 4.20%
Home Trust Company (HOM100) 4.20%
Manulife Bank (MIP510) 4.25%
Manulife Trust (MIP710) 4.25%
National Bank (NBC100, NBC6100, NBC8100) 4.05%
RBC (RBF2010, RBF2020, RBF2030, RBF2040) 4.05%
Scotiabank (DYN6000, DYN5000, DYN3064, DYN3074, DYN3054) tiered: 4.35%+
TD Bank (TDB8150, TDB8155, TDB8157, TDB8159) 4.05%

A-series has a 0.15% trailer fee, which is subtracted from the 4.50% you see on the F-series that does not include the trailer fees.
If you want the F-series for the full 4.50% BoC overnight rate, you can access them for sure for free on Scotia iTrade (10k min to avoid fees), and someone mentioned they were able to grab it on QTrade (not Questrade). I can not personally attest to the latter.