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Friday, January 6, 2012

TFSA Interest Rates Comparison Chart for Canadian Banks 2012

Since interests rates are always changing I am provided you with a link to the TFSA information for each bank.

Bank of Montreal Tax-Free Savings Account (click to read more)
TFSA Current Interest Rate: 1.25%
Minimum Investment: $50.00 Cad
Maximum Investment: $5,000.00 Cad / yr

CIBC TFSA Tax Advantage Savings Account (click to read more)
TFSA Regular Interest Rate: 1.15%
TFSA Bonus Interest Rate: 0.35%
Minimum Investment: $25.00 Cad
Maximum Investment: $5,000.00 Cad / yr

ING Direct Tax-Free Investment Savings Account (click to read more)
TFSA Current Interest Rate: 2.00%
Minimum Investment: no minimum
Maximum Investment: $5,000.00 Cad / yr
No fees, no service charges and no minimum balances

RBC Tax Free Savings Account (click to read more)
Information Not Clear
Excellent TFSA Write up
At RBC, we don't charge any TFSA withdrawal or annual administration fees.

Scotiabank Tax Free Savings Account (click to read more)
TFSA Special Rates 2.00% Cash Rate on new deposits
Read Frequently Asked Questions

TD Canada Trust High Interest TFSA Savings Account (click to read more)
TFSA Current Interest Rate: 1.15%
Minimum Investment: N/A
Maximum Investment: $5,000.00 Cad / yr
Earn a special 1.5% interest rate on all new balances until March 30, 2012.

HSBC TFSA High Rate Savings Account (click to read more)
TFSA Current Interest Rate: 1.25%
Minimum Investment: N/A
Maximum Investment: $5,000.00 Cad / yr

PC Financial Tax-Free Interest Plus™ Savings Account (click to read more)
TFSA Current Interest Rate: Not Clear


Canadian Tire Financial Services - TFSA (click to read more)
TFSA Current Interest Rate: 2.75%