http://www.taxfreesavingsaccountplan.com Canada TFSA Information Fri, 01 Jan 2010 21:53:40 +0000 http://backend.userland.com/rss092 en Happy new years everyone! This was kind of a good change as I saw today that ING Direct has decided to increase its tax free savings account rate to 3%. As indicated on the fine print too, “Rate as at January 1, 2010 and (like the weather) is subject to ... http://www.taxfreesavingsaccountplan.com/2010/01/01/ing-direct-goes-to-3-for-the-new-years/ I was just sent this e-mail about an offer from a financial institution called Ally. From what I read, they are offering TFSA account holders with other banks up to $50 to switch to them in order for you to recoup any transferring fees that your bank may charge ... http://www.taxfreesavingsaccountplan.com/2009/12/11/free-fift-dollar-fee-credit-for-transferring-your-tfsa-to-ally/ There hasn’t been too much news and happenings when it comes to tax free savings accounts since its launch. I would say the highlights would be how the interest rates took a huge dive which kind of killed the excitement of it for many. However, I was just browsing around ... http://www.taxfreesavingsaccountplan.com/2009/11/18/government-proposed-changes-to-tfsa-accounts/ I know on the ING Direct TFSA site the rate appeared to have dropped for about a month now, but I was hearing mixed stories about how some people were still getting the 3% rate. Thanks to some readers I guess this confirms that everyone is getting a 1.5% ... http://www.taxfreesavingsaccountplan.com/2009/11/18/ing-direct-tfsa-rate-to-one-point-five-percent/ This is a good update for Scotiabank TFSA customers as the rate climbed up to 1.5% While the highest rate initially was about 2%, this is a pretty good increase considering almost everyone else seems to be dropping its rates. This could be a sign that the bigger banks are ... http://www.taxfreesavingsaccountplan.com/2009/09/24/scotiabank-tfsa-rate-increases-to-one-and-a-half-percent/ Been awhile since anything really changed in the TFSA scene. HSBC’s TFSA rate fell by 0.2% not too long as you can see here: Guess it doesn’t really make too much of a difference, but a drop is a drop. http://www.taxfreesavingsaccountplan.com/2009/09/24/hsbc-rates-takes-a-dip/ Maybe this was a Canada day boost, but it’s nice to know that at least one financial institution has dramatically bumped up its tax free savings account interest rate. As you can see, ING Direct is now at 3% which makes it the highest. Maybe that is a good sign ... http://www.taxfreesavingsaccountplan.com/2009/07/03/ing-direct-tfsa-increase-to-3/