Tag Archives: interest rate increase

Scotiabank TFSA Rate Increases To One And A Half Percent

This is a good update for Scotiabank TFSA customers as the rate climbed up to 1.5%

While the highest rate initially was about 2%, this is a pretty good increase considering almost everyone else seems to be dropping its rates. This could be a sign that the bigger banks are going to increase its rates as well.

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. 🙂

Scotiabank TFSA Interest Rate Increase Update

I was just looking at the interest rate for Scotiabank and apparently the rate has gone up from 1.75% to 2.6% which was a please surprise as you can see here:

I guess that makes the Scotia Tax-Free Savings Account go from one of the lowest interest rate to one of the higher ones now. This is one of the few banks who are trying very hard advertising wise I think as I keep seeing its commercials on TV all the time.

Should be good for everyone who are considering or are currently using them.

TD Canada Increases Its TFSA Interest Rate

This is one of the first banks that I have seen that actually increased its interest rate for its tax free savings account. TD bank definitely had one of the lowest interest rate overall and as you can see here they have upped its offering to 2.5%:

While the rates are subject to change like all the other banks, it’s good to see them go up instead of down.