Investment Savings Account (ISA) Interest Rates | Page 9 | Investing | Discussion forum

The name is descriptive and not definitive. The ISA's are actually called "Tiered ISA" and "Tiered Corporate ISA" in their product details sheet.

Just make sure the symbol is correct:

DYN6004 = Tiered ISA, C$, Series F, issued by The Bank of Nova Scotia
DYN5004 = Tiered ISA, C$, Series F, issued by The Bank of Nova Scotia Trust Company

I have not found it either. It may be that because the BNS DYN series of ISAs are mass marketed to a range of brokerages, it is not intended to be viewed as an in-house ISA. It is then up to the investor to go to the 'relevant' public pages to find yield just like one would do so for any mass marketed mutual fund.

BMO's in-house ISAs appear to be strictly BMO and maybe some others are the same such as RBF2010, TDB8150 and others (I am speculating).

Just got the following message @iTrade for DY 5004 "This fund has been closed to new purchase". Did anyone else get this message before?

I want to diversify regarding the CDIC 100k treshold, therefor I want to by DYN 5004. Any experience with MTCC: DYN3065, NT: DYN3055 or SMC: DYN3075 from a CDIC guarantee perspective?

MTCC = Montreal Trust Company of Canada
NT = National Trust Company
SMC = Scotia Mortgage Corporation

The three are CDIC members that are also in the ScotiaBank group of companies.

Details are in the product sheet for the ScotiaBank brokerage tiered ISA's.

I would expect separate T5 slips from them if one places funds in the brokerage ISA's issued by the three instead of placing all the funds in brokerage ISA DYN6004 from The Bank of Nova Scotia.

Too-big-to-fail applies to the banks and not to the bank shares and dividends.

Under bail-in provisions, regulators can cancel all existing shares and trigger the bail-in provisions in bonds to convert the bonds to common shares, if doing so will turn a non-viable bank into a viable one.

Existing shareholders will not only lose dividends but also their shares.

The bank will fail briefly and then be resurrected. Failure is okay if there is a resurrection afterwards and one wasn't a bank shareholder before its resurrection.

I can never find Norman1's last update on ISA rates, thought it would be in this thread, where is the dang thing??

Thanks, Norman1, I'll make a note. Don't suppose we could make a separate chart (the Mr Thrifty guy is not as up to date)? Probably not a good idea, I've been using these accounts for decades and they're rarely competitive with HISAs on here, just in the last while.

Bill said
Thanks, Norman1, I'll make a note. Don't suppose we could make a separate chart (the Mr Thrifty guy is not as up to date)? Probably not a good idea, I've been using these accounts for decades and they're rarely competitive with HISAs on here, just in the last while.

I'm not that interested in the rates on US$ brokerage ISA's. Others who are more interested can gather the US$ ISA rates from the issuer sites and post tables of them here.

I don't know if the brokerage ISA rates, US$ and C$, will continue the way they have in the last while. There is a possibility that the Big Banks have found a low cost channel to outdo the savings accounts from the online-only banks and credit unions!