Large ING Direct Interest Rate Dive
You would think that the smaller financial institutions would consistently have the higher TFSA interest rates due to a lower overhead cost of the bank. I guess ING is an example on how when it comes to TFSA rates you just never know. As you can see, the rate has dropped to 1.7%.
Kind of sad to see the rate go this low for ING since it seems like for the better part the main attraction to them is usually the high interest rates.
Fred on April 21st, 2009
Yeah but they dont seem to be the only ones. Every bank out there has dropped rates.