People's Trust Company
3% Interest Tax-Free Savings Accounts (TFSA) at Peoples Trust and Canadian Direct Financial
If you're considering opening a Tax-Free Savings Account or finding an institution with a better rate than your current, there are 2 options right now that are offering an interest rate of 3%.
The institutions are Peoples Trust and Canadian Direct Financial. Money at both institutions is insurable by the Canada Deposit Insurance Corporation. Do note that Peoples Trust does not currently offer online banking.
For those of you who are unfamiliar, you can place up to $5,000 a year in post-tax dollars in TFSA-eligible accounts earnings on those dollars are tax free. You can also have a look at our quick primer on TFSAs that will give you the a rundown of uses, benefits, and weaknesses.
Remember, rates are subject to change!
The institutions are Peoples Trust and Canadian Direct Financial. Money at both institutions is insurable by the Canada Deposit Insurance Corporation. Do note that Peoples Trust does not currently offer online banking.
For those of you who are unfamiliar, you can place up to $5,000 a year in post-tax dollars in TFSA-eligible accounts earnings on those dollars are tax free. You can also have a look at our quick primer on TFSAs that will give you the a rundown of uses, benefits, and weaknesses.
Remember, rates are subject to change!
