Brokerage investment savings accounts | Page 40 | General comparisons | Discussion forum

TD dropped too ... next update may want to wait a bit until everybody settles

... Gap between C$ & U$ ISA at TDDI now 1.35%

Just scroll up a number of posts and it is self-evident. The ones that have changed are stated as such. In this case, anything pre-Dec 11th would be from the prior BoC rate.

Only 3 have not yet changed and they will occur any day now.

The only way I know to get the BMO rates is to log into one's BMOIL account and select the HISA, GIC, Bonds tab.

Utter nonsense... unless the BMO ones are ONLY available to BMOIL, BMOIL Advice Direct and BMO Nesbitt Burns type account holders.

As of posting, BMO ISA rates remain unchanged. Just checked.

Awesome Norman, thanks a bunch! That will be helpful to those that just take a cursory look at your very useful chart (rather than following the posts), from trading out of a dropped ISA into another one that has yet to take the plunge.

Rail Baron said
Has there been there any correlation between changes in Home Trust's ISA rates and Oaken's HISA rates in the past?  

Not directly as far as I know as they target different markets. ISA rates are almost exclusively tied to money markets (like MMFs) via investors, while retail HISA rates are related to competition for the retail saver. Back in 2020/2021, ISA rates were in the 0.2-0.25% range along with the BoC overnight rate.

AltaRed said

Not directly as far as I know as they target different markets. ISA rates are almost exclusively tied to money markets (like MMFs) via investors, while retail HISA rates are related to competition for the retail saver. Back in 2020/2021, ISA rates were in the 0.2-0.25% range along with the BoC overnight rate.  

Thanks for the insight. It now looks like Oaken Savings HISA would be better to park short term funds in, as compared to the Home Trust ISA. Oaken's HISA rate is holding up at 3.4% for the moment.

AltaRed said

For the moment. It makes no sense for Oaken HISA to have a yield above the BoC rate despite their loan book needs so that will have to change relatively quickly. Variable rate mortgages from the big banks are now in the 4.5-4.8% range (prime less 50-100 bp or so) so they cannot continue to squeeze their NIM (Net Interest Margin) that tight.... Granted Oaken (Home) is now no longer publicly traded, but Stephen Smith doesn't run his business as charities.

My guess is Oaken's rate will drop pretty quickly to 3% or less.  

Well, Oaken has cancelled the annual holiday chocolates and the birthday gift cards at McDonalds (!), so that should help their bottom line, notwithstanding tight NIMs.