Tax Free Savings Account » Citizens Bank http://www.taxfreesavingsaccountplan.com Canada TFSA Information Fri, 01 Jan 2010 21:53:40 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Citizens Bank TFSA Rate And Plan http://www.taxfreesavingsaccountplan.com/2009/01/08/citizens-bank-tfsa-rate-and-lan/ http://www.taxfreesavingsaccountplan.com/2009/01/08/citizens-bank-tfsa-rate-and-lan/#comments Thu, 08 Jan 2009 08:02:31 +0000 TFSA http://www.taxfreesavingsaccountplan.com/?p=158 Here is another bank added to the list. Citizens Bank is a division of Vancity and so it is not too surprising that the annual interest rate is virtually the same at 2.75% as you can see here:

They are dubbing this plan as the “Tax-Free Ultimate Savings Account”. Since this a virtual banking option, you will have to be prepared to do all of your banking transaction mostly through the phone or online as oppose to doing it in-branch. Another note is that on the site they indicate that if you were thinking of transferring your TFSA funds from another financial institution they will credit you up to $25 to compensate for the transfer fees.

Overall, it seems like a decent choice when it comes to a decent rate as well as flexibility.

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