Am I missing something here?
http://peoplestrust.com/main/index.php?en&today_rates
TFSA = 3%, can contribute anytime, can withdraw anytime, interest calculated monthly
Tax-Free GIC, interest compounded annually, not redeemable prior to maturity date, and the rates are much worse:
1 year 2.050
2 year 2.200
3 year 2.350
4 year 2.400
5 year 2.600
Both are subject to the same contribution limit right?
I don't see any benefit to the GIC account.
http://peoplestrust.com/main/index.php?en&today_rates
TFSA = 3%, can contribute anytime, can withdraw anytime, interest calculated monthly
Tax-Free GIC, interest compounded annually, not redeemable prior to maturity date, and the rates are much worse:
1 year 2.050
2 year 2.200
3 year 2.350
4 year 2.400
5 year 2.600
Both are subject to the same contribution limit right?
I don't see any benefit to the GIC account.