Investing

TD TFSA/RRSP Promo - invest $1000 get $100 reward

  • Last Updated:
  • Apr 14th, 2020 1:30 pm
[OP]
Newbie
Nov 23, 2019
26 posts
62 upvotes
Edmonton, AB

TD TFSA/RRSP Promo - invest $1000 get $100 reward

https://www.td.com/ca/en/personal-banki ... 00-02-3824

For a limited time, invest $1000 and get $100.
Conditions apply
Offer ends February 9, 2020.

Here’s how you can get $100.

1.Open an account
Open a New RRSP or Open a New TFSA

2. Contribute
Contribute or transfer-in (from another Canadian financial institution) $1,000 or more into a New RRSP or New TFSA, *and* invest in one or more of the Qualifying Product(s), as defined below, by February 9, 2020.

You must be a Canadian resident who is of the age of majority in your respective province or territory by February 9, 2020.

3.Maintain the assets
Maintain $1,000 minimum contribution/transfer-in to the New RRSP or New TFSA until April 30, 2020.

Click here for complete offer Terms and Conditions.

Qualifying Product(s)
TD Canada Trust non-cashable Guaranteed Investment Certificate (GIC) with a maturity of 1 year or more.

Or

An eligible TD Mutual Fund or TD Managed Assets Program portfolio; and a Pre-Authorized Purchase Plan ("PPP") in the New RRSP or New TFSA, with a minimum monthly investment of $25 by February 9, 2020. The first PPP transaction must be made by March 2 , 2020, and the PPP must be maintained until April 30, 2020.

Ready for your Award?
The Award will be paid, on or before June 30, 2020
The maximum and only award amount is $100 per individual. The Award will be calculated based on the aggregate balance within the New RRSP or New TFSA, as of February 9, 2020, of all contributions or transfers-in made during the Campaign Offer Period (Nov 1, 2019 – Feb 9, 2020) and held in the Qualifying Product(s) until April 30, 2020, with a balance equal to, or greater than, $1,000.
The New RRSP or New TFSA must remain open until June 30, 2020 to receive the Award.

Edit: added link text to post
Last edited by doodle07 on Dec 9th, 2019 8:06 pm, edited 1 time in total.
44 replies
Deal Addict
User avatar
Jul 29, 2013
1240 posts
866 upvotes
Could this offer be used for TD DI TFSA/RRSP or just the bank?
Deal Fanatic
Jul 1, 2007
8444 posts
1494 upvotes
profile wrote: Could this offer be used for TD DI TFSA/RRSP or just the bank?
Has to go into a TD GIC or qualifying TD Mutual Fund (almost certainly excludes e-series)
Money Smarts Blog wrote: I agree with the previous posters, especially Thalo. {And} Thalo's advice is spot on.
Deal Addict
Sep 11, 2006
1680 posts
511 upvotes
Guaranteed $100? Sure why not. Beats your average market return without any tax.

Open an account
Open a New RRSP or Open a New TFSA .
Contribute
Contribute or transfer-in (from another Canadian financial institution) $1,000 or more into a New RRSP or New TFSA, and invest in one or more of the Qualifying Product(s), as defined below, by February 9, 2020.

You must be a Canadian resident who is of the age of majority in your respective province or territory by February 9, 2020.

Maintain the assets
Maintain $1,000 minimum contribution/transfer-in to the New RRSP or New TFSA until April 30, 2020.
[OP]
Newbie
Nov 23, 2019
26 posts
62 upvotes
Edmonton, AB
Shadow Rider wrote: Guaranteed $100? Sure why not. Beats your average market return without any tax.
Yeah pretty much. 10% plus whatever your GIC/MF pays out at maturity seems like a no brainer as long as you can afford to lock up $1000 for a year with a GIC.

I'm not familiar with the mutual fund option though but maybe that's a better option if you want your money back as soon as the reward is paid? Anyone know how that one works.
Sr. Member
Apr 18, 2017
571 posts
431 upvotes
I wouldn’t do the MF due to market fluctuations and your 1k could drop and then they won’t pay out the $100. Stick to the GIC
Deal Addict
Mar 8, 2013
2637 posts
1348 upvotes
hockeyfan1990 wrote: I wouldn’t do the MF due to market fluctuations and your 1k could drop and then they won’t pay out the $100. Stick to the GIC
That is almost certainly not true. If you do not do any withdrawals, you will get the $100 regardless of the market value on any particular day. However, I agree that if you are investing only $1000 and plan to withdraw ASAP, a GIC is probably a better choice.
Deal Addict
Jan 21, 2018
3655 posts
3743 upvotes
Vancouver
Beware the $75 transfer-out fee if you do not intend to keep the TFSA at TD.
Deal Addict
User avatar
Sep 6, 2018
1498 posts
1762 upvotes
Halifax, Nova Scotia
Scote64 wrote: Beware the $75 transfer-out fee if you do not intend to keep the TFSA at TD.
Just withdraw the cash (don't 'transfer' the whole account,) you'll get your contribution limit back in the following year.
Deal Addict
User avatar
Sep 6, 2018
1498 posts
1762 upvotes
Halifax, Nova Scotia
UrbanPoet wrote: I’ll do it.
It’ll probably only take a 30-45 minute appointment.
Maybe an hour tops. $100 Not bad for 1 hour of work!
I haven't tried yet, but I was hoping to open a TFSA GIC online without going in branch at all.
Deal Expert
User avatar
Jan 27, 2004
43711 posts
6942 upvotes
T.O. Lotto Captain
I just checked out fine print...
Theres some hoops to jump through.


https://www.td.com/ca/en/personal-banki ... lans/tfsa/
Qualifying Product(s)

TD Canada Trust non-cashable Guaranteed Investment Certificate (GIC) with a maturity of 1 year or more.
An eligible TD Mutual Fund or TD Managed Assets Program portfolio; and a Pre-Authorized Purchase Plan ("PPP") in the New RRSP or New TFSA, with a minimum monthly investment of $25 by February 9, 2020. The first PPP transaction must be made by March 2 , 2020, and the PPP must be maintained until April 30, 2020.
So you either gotta lock up the $1k for a year in a gic.

Or do MF with a minimum $25/month pre authorized purchase plan...
So it looks like @ the minimum you gotta contribute an extra $50 if you just wanna quickly get the bonus $ & bounce.

I thinks i’ll still do it. I’m not a huge saver anyways bc im a broke ass foo. But i do put a few bucks aside in case shtf.
Sr. Member
Dec 28, 2007
999 posts
524 upvotes
aweawea wrote: Just withdraw the cash (don't 'transfer' the whole account,) you'll get your contribution limit back in the following year.
Or it should be possible to do a free transfer to TDDI accounts. I'd expect that TD mutual funds could be transferred in-kind; GICs might need to wait until after maturity.

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