Tag Archives: ing

CIBC TFSA Rate Lowers

So it looks like CIBC took a hit today as its tax free savings account interest rate fell. Not surprisingly, it has dropped to the widely adopted figure of 2.25% as you can see here:

It’s almost like all the big banks have a discussion with each other ahead of time to determine a universal rate huh?

ING Direct TFSA Interest Rate Drop

ING Direct definitely had one of the higher interest offerings at 3% initially and just recently the rate has been reduced to 2.3% as you can see here:

The rate is still higher than most other financial intuitions I suppose which is the good thing as a lot of other banks seemed to have adopted a 2.25% rate.