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12-10-2008, 11:39 PM
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#1 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
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| anyone signed up for the PC tax free acount?
opening at 3.75% is pretty good.
but when I try to apply online (while signed in) I just get this
We are unable to complete this request.
If you have any questions, please contact President's Choice Financial® Customer Support at
1-888-723-8881 or visit a pavilion near you.
President's Choice Financial® products are currently not available to residents of Quebec.
You must have reached the age of majority in your province in order to apply for credit products and overdraft protection.
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12-11-2008, 05:00 PM
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#2 | | RS has made me the bitter person i am today!
Join Date: Aug 2005 Location: Canada
Posts: 4,564
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Yea, same thing happened to me. I've tried opening every type of account but they've all direct me to the same screen.
Last edited by terkan; 12-11-2008 at 05:00 PM.
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12-16-2008, 09:49 PM
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#3 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
Failed 208 Times in 42 Posts
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still can't make one. this is lame. maybe I'll call tomorrow
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12-16-2008, 10:12 PM
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#4 | | Rs has made me the man i am today!
Join Date: May 2008 Location: Burnaby
Posts: 3,148
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probably faster if you can somehow drop by a PC Financial hut at Superstore. Takes them less than 10 minutes to set up accounts on the computer, and you're there to see it all.
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12-19-2008, 10:42 AM
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#5 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 9,032
Thanked 3,695 Times in 1,463 Posts
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whats the rate after jan 1st?
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12-19-2008, 11:59 PM
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#6 | | 14 dolla balla aint got nothing on me!
Join Date: Nov 2008 Location: Hong Kong
Posts: 613
Thanked 38 Times in 25 Posts
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HSBC is offering 3.75% too
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12-20-2008, 07:24 PM
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#7 | | Ubereem Mod
Join Date: Mar 2002 Location: Richmond
Posts: 3,070
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go vancity!
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12-23-2008, 04:29 PM
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#8 | | I Will not Admit my Addiction to RS
Join Date: Sep 2005 Location: Port Moody
Posts: 576
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tfsa's arent just high interest savings accounts.....at TD for example, we have our full line up of investment options (all gics + term deposits) and you can use your tfsa for self-directed trading (td waterhouse discount brokerage). these options are def worth it and will be a lot better profit wise then a 3.75% acct. just something to think about......
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01-03-2009, 11:54 AM
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#9 | | My homepage has been set to RS
Join Date: Apr 2005 Location: Van
Posts: 2,082
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does any bank offer more than 3.75%
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01-03-2009, 02:31 PM
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#10 | | Peanut Butter Jelly with a Baseball Bat!
Join Date: Aug 2005 Location: richmond
Posts: 1,364
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the 3.75% rate for HSBC is only going to last for contributions up to March 16 2009... damn fine print.
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01-03-2009, 06:29 PM
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#11 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
Failed 208 Times in 42 Posts
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finaly went by superstore... took them about 2 mins to make it. (since I already have a acount there)
I doubt their 3.75 rate will last more then a couple months either.
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01-03-2009, 08:24 PM
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#12 | | RS.net, where our google ads make absolutely no sense!
Join Date: Dec 2003 Location: Surrey
Posts: 966
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I don't have a tax-free account but I have the Interest Plus (IIRC) Account. If you got more than a grand in there, 3.75~4% interest rate (whatever BOC is at, I THINK...)
So if you have ~5k, you'll get around $13-14 per month.
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01-03-2009, 10:13 PM
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#13 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
Failed 208 Times in 42 Posts
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the interest plus is down to 2.25% or so now...
set up a tax free and move it to there. otherwise $4 of that 14 is owed to the government
I just checked the TD rate for the TFSA and it's 1.75% .....
saving rates are droping hard
Last edited by johny; 01-03-2009 at 10:15 PM.
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01-03-2009, 11:37 PM
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#14 | | I STILL don't get it
Join Date: Dec 2003 Location: Vancouver
Posts: 457
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Like stated above, TFSA are NOT restricted to savings, but to investments such as GIC's.
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01-03-2009, 11:39 PM
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#15 | | Peanut Butter Jelly with a Baseball Bat!
Join Date: Aug 2005 Location: richmond
Posts: 1,364
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ING TFSA is sitting at 2.70. 2.70-2.75 seems to be what most places are offering now. kinda sucks that if you want to throw more than 5k in there you'll get a penalty for it though
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peanut butter jelly, peanut butter jelly, peanut butter jelly with a baseball bat! Quote:
Originally Posted by Ulic Qel-Droma this aint mcdonalds, smiles aren't free. | | |
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01-13-2009, 05:08 PM
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#16 | | 14 dolla balla aint got nothing on me!
Join Date: Sep 2005 Location: East Van
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BMO TFSA offers 3% for its Cash Savings account. I heard Coast Capital has some good rates although I can't confirm. Anything over 3% for redeemable is great, esp. in today's market.
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01-13-2009, 06:33 PM
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#17 | | My dinner reheated before my turbo spooled
Join Date: Nov 2006 Location: Vancouver
Posts: 1,720
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Alot of banks are opening tax free accounts now
which reminds me i need to open up a TD one
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01-13-2009, 07:36 PM
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#18 | | I Will not Admit my Addiction to RS
Join Date: Aug 2007 Location: vancouver
Posts: 511
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Fuking sucks. I'm not of age so i cant open up an account. I got to wait till next year then im allowed to put in 10 grand. I'll probably put in 7 grand or so next year.
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01-13-2009, 11:29 PM
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#19 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
Failed 208 Times in 42 Posts
| Quote:
Originally Posted by StaxBundlez Alot of banks are opening tax free accounts now
which reminds me i need to open up a TD one |
the TD savings acount is only 1.75% I think... TD is a waste unless you are doing something else with the money.
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01-14-2009, 09:08 AM
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#20 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 9,032
Thanked 3,695 Times in 1,463 Posts
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looks like PCs 3.75 introductory rate has already fallen to 3.05 in 2 weeks
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01-27-2009, 10:41 AM
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#21 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 9,032
Thanked 3,695 Times in 1,463 Posts
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ouch... 3.05 has become 2.55
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01-27-2009, 03:47 PM
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#22 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
Failed 208 Times in 42 Posts
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ouch, maybe time to move to a GIC, but those aren't great now either.
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01-27-2009, 05:44 PM
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#23 | | Orgasm Donor & Alatar owned my ass twice!
Join Date: Mar 2003 Location: Vancouver
Posts: 6,803
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It's unfortunate PC doesn't have an option for mutual funds like the other banks. I hate to have to take my money elsewhere.
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01-27-2009, 08:43 PM
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#24 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
Failed 208 Times in 42 Posts
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I wonder what the process is for moving money from a tax free acount to another bank? I guess it would be simular to an RRSPs. (but I don't know how that works)
I guess if you set up a TFSA an another bank, and transfer acount to acount it would be ok. you can't withdraw the money though and then deposit in the other acount, as the $5000 limit has already been used up. (asumming your had 5k in it)
I beleive if you withdraw money, the space does free up, but not untill the following year. IE I can deposit $5k in Jan. withdraw in march. My 5K for the year is used up, but The following year I regain that space, and can put in 10k. (the freed up space from this year + the extra 5k for next year)
I think that's how the TFSA works. I don't know how RRSP's work in this requard. if I withdraw from an RRSP, do I regain that RRSP contribution space in the future? or is it gone forever?
Last edited by johny; 01-27-2009 at 08:48 PM.
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01-28-2009, 09:40 AM
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#25 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 9,032
Thanked 3,695 Times in 1,463 Posts
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^i think thats correct. if you withdraw you wont be able to re-contribute till next year.
i think i read that theres a fee ($25 or so) to xfer to another TSFA account. there goes a big chunk of the interest you would make on your TSFA right there. i might move it to TD just to invest in some mutual funds, GIC rates are terribad.
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