- Link:
- https://www.eqbank.ca/personal-banking/tfsas
- Retailer:
- Equitable Bank
2.3% TFSA/RRSP, 2% 10YR GIC
These rates are amazing, considering I just renewed my mortgage at 1.65%, Bank of Canada is paying us to borrow.
EQ Bank also gives both referrer and referee a $20 credit.
Current normal savings account rate is 1.5% why would you use it instead of a TFSA? What would be the disadvantage of TFSA? Is interest calculated at a different interval?[Normal account is calculated daily]
These rates are amazing, considering I just renewed my mortgage at 1.65%, Bank of Canada is paying us to borrow.
EQ Bank also gives both referrer and referee a $20 credit.
Current normal savings account rate is 1.5% why would you use it instead of a TFSA? What would be the disadvantage of TFSA? Is interest calculated at a different interval?[Normal account is calculated daily]