ward wrote:ATL5000 is described at RBCDI as being "Front-end load." Meaning?
sc101 wrote:ward wrote:ATL5000 is described at RBCDI as being "Front-end load." Meaning?
I have called RBCDI.
Front-end load means a sales charge up front. Howevever, there is no sales charge for ATL5000, it is the same as those no load RBC money market funds.
Inquisitive wrote:No. Think of it as like a high interest savings account.
p.s Do you really hate work?
IHateWork wrote:Inquisitive wrote:No. Think of it as like a high interest savings account.
p.s Do you really hate work?
Of course, who doesn't?
This may be something I should just call RBC with, but if you have your money in the ATL5000, and you want to move it to a stock right away, can you just sell the ATL and buy the stock without waiting for the sell of ATL to clear? Or do yu pick the "sell money market funds" or whatever that settlement option is?
queerasmoi wrote:I'm on the cusp of opening up shop with the highest-interest savings account I can find that is not too inconvenient. I will use an external account for daily banking but this is for my "cash reservoir". The top rates I can see are:
People's Trust 2.10% - but no online banking and all transfers are by phone, 5 free withdrawals/month....
Any comments, suggestions, other banks to consider?
Pickles wrote:According to their website, after the initial deposit is made, electronic transfers to and from your "home" account are permitted. I plan to open an account there next week.
CROCKD wrote:Request to transfer ‘to your account at CDF has been received and setup in our system. The transfer will take place at 11:59 P.M. MST on August 31st, 2009.’
In other words 3 business days for them to schedule the transfer, with CDF scheduling it for 1 minute to midnight MST.
Go figure ????
queerasmoi wrote:Hm interesting. Although they may still initiate the EFT earlier - perhaps they are simply indicating the date on which it would be finished.
snowback96 wrote:I have done several transfers with CDF and it has always been executed 2 business days later at 11:59 pm. They set it up in their system on the day you call but it takes 2 business days to transact/execute.
All things considered, it's not a bad product given the high interest rate. They tell me they are working on adding online transfer capability. Not sure if that will speed up the transfer process or not. (On the other hand, more features & faster service may also reduce the interest rate they need to pay. So be careful what you wish for!!!)
queerasmoi wrote:My problem with People's Trust is that there is zero online banking at all - you have to phone in to get your bank balance. This would drive me batsh*t crazy.
queerasmoi wrote:I wonder, will CDF issue a "Void Cheque Form" so that I can link it to HSBC or ING and execute the transaction on the other end?
I wonder, will CDF issue a "Void Cheque Form" so that I can link it to HSBC or ING and execute the transaction on the other end?
BRIAN5000 wrote:Is this what you whant an ETF set up form?
https://www.canadiandirectfinancial.com ... _04_09.pdf