Bank of Montreal TFSA Interest Rate Drop
I guess this is one of the last round of large banks who has officially decreased its tax free savings account interest rate. BMO originally had a 3.0% interest rate and as you can see here today that has apparently dropped to 2.25%
So by the looks of it people were only able to enjoy a one month rate of the initial 3%. Although, one good thing is this bank apparently had no transfer fee. So if you were thinking of switching then you can do it without too much worry.
2 Comments
TFSA on April 12th, 2009
Whoops, some updates are needed. For ING’s rates though it is lower than most of the large banks as of this date from what I see. Updates coming soon.
Anonymous on April 8th, 2009
ing direct seems to have the highest rate now.