freedom_2008 wrote:But their GIC rates are still very different between their public page and the "Valued Customers" page (e.g. 5yr GIC 2.4% vs 3.25%). If I remember correctly, you can only get the better rate if you have an account with them already and buy GIC on-line, not via phone.
3/4/5 year GIC rates have now been cut to 2.7/2.85/3.1%. Still the top rates in the country, matching the best CU rates.
As I reported upthread there is a $25000.00 minimum.
I make an annual withdrawal from my RRIF.
I bought units for one of the Investment Savings Banks online.
However when I went to sell this morning (as RRIF withdrawal is scheduled for tomorrow, BMOIL's software would not accept the order and said it had to be done manually.
This was not a problem as when I called the 5* desk, they put the order in right away.
I was considering putting available cash in my TFSA ( at TDWH) into TDB8150 but I see they have a $1000 minimum initial investment. At this point I do not have $1000 cash in there.
I want a place to put cash dividends as I get them. Two out of the three securities in my TFSA pay monthly dividends, the other is a mutual fund reinvested.
Does anyone know if you can add small amounts such as $50+ once you have the min. amount in.
What happens if for example you have $1500 in the account and then take $700 to buy a security causing the account balance to fall below $1000?
" A verbal contract isn't worth the paper it is written on " Samuel Goldwyn
"The light at the end of the tunnel may be a freight train coming your way" Metallica - No Leaf Clover
A few weeks ago, as an experiment, I tried to put in an order for the TDISA at Waterhouse, for an amount less than $1000. It appeared the system did not reject the order, but I didn't complete the final step of putting in the trading password. So, while it might not work, it would be worth a try if someone wants to do it.
After half a year, you earn enough for a postage stamp. I may be stingy, but I can really leave a third of a cent on the table, on a daily basis. (If I see a penny on the sidewalk, I don't bother -- anything higher and I bend to pick it up).
finiki, the Canadian financial wiki
“It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong.” [Richard P. Feynman, Nobel prize winner]
IdOp wrote:It appeared the system did not reject the order, but I didn't complete the final step of putting in the trading password.
Just placed an order for just under $600 in my TFSA at TDWH for TDB8150.
The system accepted the order and gave me a reference no.
At this stage the order status is listed as Open. (but as it after 2PM ET may not be filled till tomorrow)
I will report back.
Last edited by CROCKD on 23 Jul 2012 15:01, edited 1 time in total.
" A verbal contract isn't worth the paper it is written on " Samuel Goldwyn
"The light at the end of the tunnel may be a freight train coming your way" Metallica - No Leaf Clover
CROCKD wrote:Just placed an order for just under $600 in my TFSA at TDWH for TDB8150.
The system accepted the order and gave me a reference no.
At this stage the order status is listed as Open. (but as it after 2PM EST may not be filled till tomorrow)
I will report back.
Cool! IIRC their cut-off time is 3pm ET, so hopefully it will trade today for settlement tomorrow. Thanks for the info and an update on the result would be welcome.
IdOp wrote:A few weeks ago, as an experiment, I tried to put in an order for the TDISA at Waterhouse, for an amount less than $1000. It appeared the system did not reject the order, but I didn't complete the final step of putting in the trading password. So, while it might not work, it would be worth a try if someone wants to do it.
over a month ago, on page 10 of this thread, Arby wrote:I found one minor advantage for TDB8150 over 3rd party HISA's at TDWH. The minimum purchase for TDB8150 is $100 (versus $1000 which was the former limit for 3rd party HISA's at TDWH). That saves me the trouble of waiting until I accumulate $1K in cash to make a HISA purchase.
Edit to add: I've made $500 buys of TDB8150 in both my RRSP and my un-registered account since then.
The problem was I followed the link this morning from finiki to TDAM and the page still states the $1000 minimum investment
" A verbal contract isn't worth the paper it is written on " Samuel Goldwyn
"The light at the end of the tunnel may be a freight train coming your way" Metallica - No Leaf Clover
I think TDAM needs to update their website to reflect their true minimum investments. Once again, FWF membership to the rescue to find the real answers Confirms CROCKD's signature!
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
You can see your account on line but you have to call them to move money in or out.
They are a bit slow on moving money in or out.
There is a charge if you make more than one withdrawal a month. I usually don't move money very often but one month I forgot and had 2 withdrawals and was charged $2.50 much to my chagrin.
" A verbal contract isn't worth the paper it is written on " Samuel Goldwyn
"The light at the end of the tunnel may be a freight train coming your way" Metallica - No Leaf Clover
I have an account at CDF and they transfer the interest every month to my TD chequing account, they set it up this way at my request, and it is always there usually a day before. if I need additional funds, they are usually there the next day. CDF have been the easiest people to deal with.
You can see your account on line but you have to call them to move money in or out.
They are a bit slow on moving money in or out.
There is a charge if you make more than one withdrawal a month. I usually don't move money very often but one month I forgot and had 2 withdrawals and was charged $2.50 much to my chagrin.
Perhaps you haven't checked lately, but you can transfer money in and out from your external bank account online - you have not had to call for quite awhile. Transfers are usually completed within 2 days.