So I just noticed PC gave me a "INTEREST EARLY BIRD INCENTIVE RATE " bonus interest... which when added to my Jan interest amount means I got the 3.75% for the full month of Jan, even though the rate droped half way through??..

it seems I am locked in at 3.75% since I opened it up before Jan? I wonder for how long? :D :D :D

I bet they had alot of poeple complain about the rate dropping so fast.

Stops in March. Read the fine Print.

the piece of paper I got when I signed up just say "rates subject to change at any time"

Let's say I put $5000 in a TFSA right now. In Mid-December, the account is now worth $6000. I withdraw the entire amount in mid December.

Next year, is my contribution room $10,000 or $11,000?

11000

so wheres the best rate at the moment?

I think PC is at 2.55 and TD 2.5 don't know about others. you can still get GIC's at 3+ so if you don't need the money in the next couple years, but wanted no risk. GIC would probbaly be better.

PC's dropped to 2.35%. Since I'm a student with low income anyways I decided to withdraw it all out and dump it in a GIC because of the impending rate drop from BoC. No point waiting for them to drop my rates again since TD offers some pretty decent GICs in the range of 3-4% per annum.

The TFSA is a great way to invest tax-free, it doesn't have to be a "savings account".

I plan to open an investment account, sell some of my investments, and rebuy them inside the tax-free shelter. Why limit yourself to 3-4% returns?