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Boost FHSA, TFSA, and RSP savings with a 2% match.
December 26, 2024
12:54 pm
kesa
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February 14, 2023
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December 27, 2024
1:28 pm
usephrase
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December 7, 2023
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I am not interested in it, Term and Condition says you can not invest in GIC. How about after a month, EQ drops its regular rate? Also I prefer the BIG SIX banks, not EQ.

December 28, 2024
6:03 am
dougjp
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January 9, 2011
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I don't see a problem because the combined rate vs. 1 year GICs is better than everybody, and other than Wealth MCan and Saven, is currently over 1/2% better. So even if the core rate drops. the average rate for a year should be favorable.

I found out that the 2% is paid quarterly, June 6, Sept 6, Dec 5 and Mar 7, while the normal interest is monthly. Of course that payment frequency is better than a 1 year GIC, and funds are liquid if need be.

Now I have a question regarding New Money next year before the end of February. Does everybody that already has a TFSA or other registered account with them qualify to get this, or only those who got the e-mail/had a registered GIC with them?

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