Brokerage investment savings accounts | Page 37 | General comparisons | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
Brokerage investment savings accounts
August 29, 2024
8:09 pm
fsabbagh
Member
Members
Forum Posts: 22
Member Since:
June 27, 2019
sp_UserOfflineSmall Offline
721sp_Permalink sp_Print

What are you guys doing with your cash now? Gonna hold on till it get to the mid 3% or are you moving it to a money market ETF? What Money market do you recommend?

August 29, 2024
8:46 pm
mordko
Member
Members
Forum Posts: 997
Member Since:
April 27, 2017
sp_UserOfflineSmall Offline
722sp_Permalink sp_Print

I use CIB238 and Tang promo.

August 29, 2024
9:33 pm
AltaRed
BC Interior
Member
Members
Forum Posts: 3145
Member Since:
October 27, 2013
sp_UserOfflineSmall Offline
723sp_Permalink sp_Print

fsabbagh said
What are you guys doing with your cash now? Gonna hold on till it get to the mid 3% or are you moving it to a money market ETF? What Money market do you recommend?  

There are money market mutual funds as well as Cash ETFs. The latter is not necessarily better with trading costs (at most brokerages) albeit some brokerages now also charge commissions for money market mutual funds since they can no longer collect trailer fees.

I use brokerage ISAs such as DYN6004 at Scotia iTrade and BMT104 at BMOIL, although I also use BMO95142 money market mutual fund which is competitive with any others such as CIB238. Anything within 25bp relative to each other is good enough for me. I do not chase promos or anything of that nature.

September 5, 2024
6:31 pm
Norman1
Member
Members
Forum Posts: 7204
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
724sp_Permalink sp_Print

Since last update, Manulife Bank, National Bank, and Royal Bank have lowered their rates:

ISA (Canadian Dollars) Rate
BMO High Interest Savings Account (BMT104) 4.25%
Scotiabank Investment Savings Account, Series A (DYN6000)
B2B Bank HIIA, Series A (BTB100) 4.15%
Equitable High Interest Savings Account, Series A (EQB1000)
Home Trust High Interest Savings Account, Class A (HOM100)
Renaissance High Interest Savings Account, Series A (ATL5070) 4.05%
TD Investment Savings Account, Series A (TDB8150)
NBI Altamira CashPerformer Account, Series A (NBC100) 3.80%
RBC Investment Savings Account, Series A (RBF2010)
Manulife Bank Investment Savings Account (MIP510) 3.75%
September 5, 2024
6:33 pm
hwyc
GTA
Member
Members
Forum Posts: 1284
Member Since:
September 30, 2017
sp_UserOfflineSmall Offline
725sp_Permalink sp_Print

TD ISAs are also 3.80% when I sign on to check my TDDI holdings.

September 6, 2024
6:17 pm
Norman1
Member
Members
Forum Posts: 7204
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
726sp_Permalink sp_Print

Since previous update, Equitable Bank and TD Bank have lowered their rates:

ISA (Canadian Dollars) Rate
BMO High Interest Savings Account (BMT104) 4.25%
Scotiabank Investment Savings Account, Series A (DYN6000)
B2B Bank HIIA, Series A (BTB100) 4.15%
Home Trust High Interest Savings Account, Class A (HOM100)
Renaissance High Interest Savings Account, Series A (ATL5070) 4.05%
Equitable High Interest Savings Account, Series A (EQB1000) 3.90%
NBI Altamira CashPerformer Account, Series A (NBC100) 3.80%
RBC Investment Savings Account, Series A (RBF2010)
TD Investment Savings Account, Series A (TDB8150)
Manulife Bank Investment Savings Account (MIP510) 3.75%
September 10, 2024
5:05 am
Hubble
Alberta
Member
Members
Forum Posts: 45
Member Since:
January 12, 2018
sp_UserOfflineSmall Offline
727sp_Permalink sp_Print

Scotia also just dropped their ISA rates overnight by .25% across the board . US rates remain unchanged likely for another week or two.

https://ads.scotiabank.com/ADS.Core/ADSContent/DownloadDocuments?documentId=3144&lang=eng

September 10, 2024
5:57 am
Norman1
Member
Members
Forum Posts: 7204
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
728sp_Permalink sp_Print

Since previous update, B2B Bank, Home Trust, Renaissance, and Scotiabank have lowered their rates:

ISA (Canadian Dollars) Rate
BMO High Interest Savings Account (BMT104) 4.25%
Scotiabank Investment Savings Account, Series A (DYN6000) 4.00%
B2B Bank HIIA, Series A (BTB100) 3.90%
Equitable High Interest Savings Account, Series A (EQB1000)
Home Trust High Interest Savings Account, Class A (HOM100)
NBI Altamira CashPerformer Account, Series A (NBC100) 3.80%
RBC Investment Savings Account, Series A (RBF2010)
Renaissance High Interest Savings Account, Series A (ATL5070)
TD Investment Savings Account, Series A (TDB8150)
Manulife Bank Investment Savings Account (MIP510) 3.75%
September 11, 2024
8:42 am
AltaRed
BC Interior
Member
Members
Forum Posts: 3145
Member Since:
October 27, 2013
sp_UserOfflineSmall Offline
729sp_Permalink sp_Print

BMT104 shows a drop to 4% as of today.

September 11, 2024
9:10 am
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 2158
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline

.
FWIW . . .

TDB8152 (TD USD ISA) remains @ 4.90% ... but I don't expect that to last
much longer.

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

September 11, 2024
10:37 am
AltaRed
BC Interior
Member
Members
Forum Posts: 3145
Member Since:
October 27, 2013
sp_UserOfflineSmall Offline
731sp_Permalink sp_Print

Dean said
.
FWIW . . .

TDB8152 (TD USD ISA) remains @ 4.90% ... but I don't expect that to last
much longer.

    Dean

  

All the USD ISAs are likely to remain where they are until the Fed drops rates next week. Then count on the suite of them to change within 1-10 days thereafter....as usual.

September 11, 2024
9:17 pm
Norman1
Member
Members
Forum Posts: 7204
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
732sp_Permalink sp_Print

Since previous update, Bank of Montreal has lowered its rate:

ISA (Canadian Dollars) Rate
BMO High Interest Savings Account (BMT104) 4.00%
Scotiabank Investment Savings Account, Series A (DYN6000)
B2B Bank HIIA, Series A (BTB100) 3.90%
Equitable High Interest Savings Account, Series A (EQB1000)
Home Trust High Interest Savings Account, Class A (HOM100)
NBI Altamira CashPerformer Account, Series A (NBC100) 3.80%
RBC Investment Savings Account, Series A (RBF2010)
Renaissance High Interest Savings Account, Series A (ATL5070)
TD Investment Savings Account, Series A (TDB8150)
Manulife Bank Investment Savings Account (MIP510) 3.75%
September 13, 2024
5:32 am
davidgeorge
Member
Members
Forum Posts: 336
Member Since:
May 20, 2016
sp_UserOfflineSmall Offline
733sp_Permalink sp_Print

Is the gain from brokerage ISA account considered as the capital gains, so only 50% of the gain taxable?

September 13, 2024
5:42 am
NorthernRaven
Moderator
Moderators
Forum Posts: 678
Member Since:
August 4, 2010
sp_UserOfflineSmall Offline
734sp_Permalink sp_Print

The ISAs are just CDIC-insured bank deposits, generating interest, which is treated like any other interest income from a bank account.

September 13, 2024
8:54 am
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 2158
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline
735sp_Permalink sp_Print

.
What NorthernRaven said

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

September 13, 2024
9:33 am
Norman1
Member
Members
Forum Posts: 7204
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

The brokerage ISA units or shares are a fiction made for the benefit of the Fundserv system that investment dealers already have to handle mutual funds. There really no actual mutual fund trust or mutual fund corporation behind those simulated units/shares.

The interest is paid out monthly and appear as a simulated mutual fund distribution. The interest is credited to the brokerage account as cash or as additional simulated units/shares.

September 16, 2024
8:05 am
Righand
Member
Members
Forum Posts: 107
Member Since:
December 15, 2016
sp_UserOfflineSmall Offline
737sp_Permalink sp_Print

Norman1 said
The brokerage ISA units or shares are a fiction made for the benefit of the Fundserv system that investment dealers already have to handle mutual funds. There really no actual mutual fund trust or mutual fund corporation behind those simulated units/shares.

The interest is paid out monthly and appear as a simulated mutual fund distribution. The interest is credited to the brokerage account as cash or as additional simulated units/shares.  

Have you looked at RBF636 ? I'm able to buy it in my registered account at RBCDI and the present rate is 4.46 % with an MER of 0.24% which would still be a better return than RBF2010 or am I missing something ??

September 16, 2024
8:16 am
NorthernRaven
Moderator
Moderators
Forum Posts: 678
Member Since:
August 4, 2010
sp_UserOfflineSmall Offline
738sp_Permalink sp_Print

Righand said

Have you looked at RBF636 ? I'm able to buy it in my registered account at RBCDI and the present rate is 4.46 % with an MER of 0.24% which would still be a better return than RBF2010 or am I missing something ??  

RBF636 is a money market fund (MMF), not a CDIC-insured bank deposit. It should be very safe, etc, etc, but it isn't the same sort of thing.

September 16, 2024
10:04 am
Righand
Member
Members
Forum Posts: 107
Member Since:
December 15, 2016
sp_UserOfflineSmall Offline

NorthernRaven said

RBF636 is a money market fund (MMF), not a CDIC-insured bank deposit. It should be very safe, etc, etc, but it isn't the same sort of thing.  

Thank you, I had forgotten that RBF2010 was a CDIC insured bank account.sf-embarassed

September 16, 2024
10:22 am
Norman1
Member
Members
Forum Posts: 7204
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

RBC Canadian Money Market Fund, Series F (RBF636) is an actual mutual fund. RBC Direct Investing could charge its 1% commission on mutual fund purchases for RBF636.

As well, over 68% of the fund's holdings are asset-backed commercial paper, from issuers like King Street Funding Trust, with no bank guarantee or CDIC insurance.

Please write your comments in the forum.