ING Direct Canada TFSA Promotion Rate of 2.5%

The current TFSA interest rate in 2014  for ING Direct Canada appears to be at 1.4% as you can see here.

At the same time, they seem to be offering a promotion until March 31st, 2014 on new deposits where they are giving investors 2.5% until April 30, 2014.  Just to be clear as even I was confused at first, essentially the total amount of funds that you put into the account until March 31^st qualifies you to earn 2.5% on those funds until April 30, 2014.  Afterwards I would assume it reverts back to the standard 1.4% TFSA rate.

Apparently if you are a new client too and deposit at least $100 into the account they will throw in an additional $25 bonus for free.  They seem to be going all out in trying to attract new people.

ING Direct Goes To 3% For The New Years

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 change. Interest is calculated daily and paid monthly.” This is currently the highest interest rate offered to my knowledge though. Not a bad way to start 2010.

ING Direct TFSA Rate To One Point Five Percent

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% rate now.

ING Direct TFSA Increase To 3%

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 that others will increase their rates as well or it could be simply that ING is trying to stand out from the rest. ING usually has some of the higher interest rates when it comes to the more conventional savings accounts and so it would be nice if they kept this rate. Or better yet, increase it. 🙂