If you have money idle in your account, you might want to look into this GIC option currently available at ING Direct. For a limited time, ING Direct has a 2.5% interest 90-day GIC.
You can choose to put this GIC towards your Retirement Savings Plan (RSP) or put it in a Tax-Free Savings Account (TFSA). If you put your GIC in a TFSA, you can withdraw funds and re-deposit that amount the following year in addition to your annual $5,000 contribution limit. Unlike RSPs, your TFSA contributions are not tax-deductible. Click here to learn more or get more insights from our Forum. The 2.5% GIC offer is available until February 29.
Right now, ING Direct also has a promotion for new clients. If you open a RSP or TFSA account with ING and deposit $100 or more, you can get a $25 bonus. This bonus, unfortunately, is offered to new clients only. Click here to get more info from our Forum members.