We found Oaken Fiancial’s GIC rates to be decent. We were eyeing the TFSA and RSP options in particular. You can see their rates here and do write in to us if you know of better rates.
It’s the right time to take advantage of a great rate.
Between January 1 and March 31, 2016, you can earn 2.5%* interest on new deposits in these TFSA and RRSP accounts:
- Tax-Free Interest PlusTM Savings Account
- Interest Plus RRSP
With PC Financial, it’s easy to start saving. You’ll earn a great rate on every dollar with no fees and no minimum balance required.
See their website page about this promotional offer for more information.
As part of the Federal Budget announced on Tuesday, April 21, 2015, the annual contribution limit to tax-free savings accounts went from $5,500 to 10,000. This is effective for this year.
No more inflationary changes to the TFSA are to be expected given this new rise in limit.