Yeah, but only for new accounts. Otherwise, if you haven't receive the new promo, it's 1%... I know it's less of a darling than CASH.TO, but HISA.NE now offer 5.48% gross - 0.15% +tx fee.
this post was submitted on 13 Jul 2023
16 points (100.0% liked)
Personal Finance Canada
1266 readers
1 users here now
Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!
founded 2 years ago
MODERATORS
Tangerine extends promotional interest rate offers to existing customers as well. As a long-standing customer myself, I recently benefited from 5.25% offer just last month.
Wow, awesome news. They already extended their previous offer to me (5%), but I haven't received anything to extend it this time, so let's hope I'm going to win the rate lottery.
Do Horizon ETFs typically increase their $CASH.TO distribution soon after a Bank of Canada rate increase? I’m curious if you’re familiar with the historical trend behind it.
Yes, they do. It sometimes happens very quickly within a few days, or it's sometimes a little longer. The increase may not always be equal to the increase in the BoC rate though. I've been using CASH.TO since February 2022.
What!? Those bastards only offered me 5.25% I should file a complaint with ombudsman for banking services /s
Horizon ETF $CASH.TO yield of 5.41% as of July 13, 2023 - Management fees 0.10%, (Plus applicable sales tax)