Personal Finance

maxa financial anyone?

  • Last Updated:
  • Oct 2nd, 2009 2:27 am
[OP]
Member
Dec 4, 2005
230 posts
3 upvotes
Winnipeg

maxa financial anyone?

Thoughts? Comments? Thinking about moving half my tfsa to them for next year. Then moving this years to ctfs. With the later being more short term and first being longer(ish) term.

Was going to move the money to achieva, since seems to have consistently "top" rates. But if maxa can beat them by a few points, then why not...
5 replies
Newbie
Aug 4, 2009
7 posts
ontario
if you have higher risk investments I would put those into a TFSA

2% on $5000 is $100 a year. Saving you $46 in income tax at the highest marginal rate.

but you are correct....the higher the rate the better!
Member
Aug 7, 2009
251 posts
11 upvotes
If you want high interest, go with Peoples Trust
[OP]
Member
Dec 4, 2005
230 posts
3 upvotes
Winnipeg
Was meant for a rainy day fund, so not sure how high risk to go just yet. Planning on moving out by end of this year so...

People's trust. I looked them up a few months ago, not sure I like to do banking by phone or email only.

Prob just leave in ctfs for now, since can easily push and pull money. Doesn't ctfs give out a bonus 1% interest (on top of what ever the current rates are) at the end of the year? Or is that figure subject to change or disappear as well?
Deal Fanatic
Jul 1, 2007
8526 posts
1684 upvotes
dougmania wrote: their gic looks good at over 4%.
but it doesn't look like they are covered by CDIC.
they are covered by some manatoba credit union guarentee.
not sure if it is reliable or not O_O
Yeah, especially if it's actually written "Manatoba" on their website. I wouldn't trust them.

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