CIBC offers a variety of TFSA GIC products. Their non-redeemable TFSA GIC rates range from 2.750% to 3.000%. The minimum deposit amount to open a GIC account is $1,000. 1-year TFSA GIC rate: 3.000% 10. Scotiabank GIC Rates Scotiabank’s GIC rates range from 3.000% to 3.250% for non...
A TFSA can function just like a savings account if you decide to use it like one and deposit your money in a high-interest savings account as a TFSA. You can also choose to invest the money in your TFSA in options, such as a GIC, ETF, stocks or bonds. A conventional savings account...
When we look at maxed out RRSPs, there is even less overall data. We know that with the invention of the TFSA in 2009, overall RRSP contribution rates went down, as savers now had more options. Considering how much more RRSP contribution room Canadians have relative to TFSA room – and ...