Vancity TFSA Interest Rates

Here’s another financial institution added to the list and is one of the only ones I have found so far that lists its TFSA interest rates for 2009 as you can see here:

I must say, that “non-redeemable” aspect of Vancity’s offer kind of defeats one of the main benefits of a tax free savings account where you can withdraw your funds at any time. The main benefit that they mentioned in using this plan is that it is like a GIC where the interest rate will be fixed.

The Jumpstart High Interest Savings at 2.75% sounds interesting though and would probably be the one that I would go for if I was to use Vancity.

Maybe they will add something different by tomorrow, but we’ll just have to wait and see.

One Comment

Jack F.  on August 14th, 2010

2.75% – 1.25% for the Vancity TFSA rate? So it works out to 1.5% total?

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