BMO TFSA Savings - 1.25% | Tax Free Savings Accounts | Discussion forum

TFSA rates from the Big 5 (or 6) canadian banks seems always inferior compared with the rates of online banks that we have. Also, I have a TFSA with Scotiabank and I notice that their rate is always changing like a woman's mind. I noticed 3 rate changes for the year 2011. Unlike for example, CDF, 3.00% the whole 2011. (Coast Capital: 2 changes for 2011, from 1.15% to 1.20%)

Yatti420 said:

Yatti420 said:

Hi Everyone..

I saw BMO is now offering 1.25% TFSA savings.. See the following link..

http://www.bmo.com/home/person.....ee-savings

Maybe we should get some banks for the TFSA portion of the comparison list..

See ya,

TD TFSA Rate - 1.15%

BMO is offering 1.25% for a non TFSA savings too. Coast Capital is offering 1.20% for non TFSA savings as well. Not a big deal!!! (not a BMO fan either!!!). No point of offering this service to the banks...when Winnipeg CU's are offering .75% to 1% more.

Yatti420 said:

I realize the CUs might be better/higher rates but shouldn't the banks be included for reference?

I guess you have a point.

Show the low rates offered by the big 5 and let the business sway to the CU's.

Not to mention; it makes you wonder what the big 5 do with the difference in interest rates offered, fees administered, and average customer service.

But is it worth the effort to show what most of us already know??