Serious Amounts of Stupid
Last night I found out that our economy sucks, and I don't mean hypothetically (as I previously thought), I mean it's in the crapper. When I was 15 I bought a $1000 GIC at 3.5% interest. YOU CANT FIND THAT RATE AT ANY BANK ANYWHERE ANYMORE let alone the 5% interest you NEED to make a dent in retirement savings.
My bank was offering me 1.25% interest on a TFSA, and 0.25% interest on RRSPs, guess what? ING Direct offers 2.00% (highest on the market currently) interest on TFSA accounts, and EVEN BETTER: 2.85% if you lock funds into a 5-year TFSA GIC. That's the best you can do. I checked.
So my bank lost a customer today. Thanks Gail :)
My bank was offering me 1.25% interest on a TFSA, and 0.25% interest on RRSPs, guess what? ING Direct offers 2.00% (highest on the market currently) interest on TFSA accounts, and EVEN BETTER: 2.85% if you lock funds into a 5-year TFSA GIC. That's the best you can do. I checked.
So my bank lost a customer today. Thanks Gail :)