c-towns Posted May 22, 2008 Report Share Posted May 22, 2008 Can anyone recommend a gooder? Something with high yield in a short(ish) period that I couldn't touch for a pre-determined amount of time?ING direct? I've heard good things, any suggestions or comments? Link to comment Share on other sites More sharing options...
Basher Posted May 22, 2008 Report Share Posted May 22, 2008 ING Direct for sure.PM me your email address and I'll refer you. We will both get free moeny. Link to comment Share on other sites More sharing options...
Basher Posted May 22, 2008 Report Share Posted May 22, 2008 ING Direct doesn't work like that though, at least not their savings account.You get 3% interest with zero fees whatsoever. I set up a $30 pull a week from my "regular" TD account - you'd be surprised how quickly the money adds up. Link to comment Share on other sites More sharing options...
bradm Posted May 22, 2008 Report Share Posted May 22, 2008 Can anyone recommend a gooder? Something with high yield in a short(ish) period that I couldn't touch for a pre-determined amount of time?You might consider a GIC (Guaranteed Investment Certificate). I bank with CIBC, which offers them in various forms and for varying periods of time (as short as 30 days), but I assume other banks offer the same kind of thing.http://www.cibc.com/ca/gic/index.htmlAloha,Brad Link to comment Share on other sites More sharing options...
Basher Posted May 22, 2008 Report Share Posted May 22, 2008 They have GICs and ING direct as well, but the interest is comparable to the savings account. Link to comment Share on other sites More sharing options...
Blane Posted May 22, 2008 Report Share Posted May 22, 2008 Can anyone recommend a gooder? Something with high yield in a short(ish) period that I couldn't touch for a pre-determined amount of time?ING direct? I've heard good things, any suggestions or comments?What you're looking for isn't a savings account, it seems, but a term deposit. Savings accounts are always available to you, not non-redeemable, like GICs, bonds etc. Bear in mind that rates are extremely low right now so you're not going to find a high-yield option. For a look at current rates go here:http://money.canoe.ca/rates/As far as high-yield savings accounts go, ING is popular. I have an RBC e-banking one that gives me 3%. Not great, but not terrible. Hope that helps. Link to comment Share on other sites More sharing options...
c-towns Posted May 22, 2008 Author Report Share Posted May 22, 2008 Thanks.Anyone want to invest in me? Link to comment Share on other sites More sharing options...
jayr Posted May 22, 2008 Report Share Posted May 22, 2008 Scotia Money Master is good. Link to comment Share on other sites More sharing options...
d_rawk Posted May 25, 2008 Report Share Posted May 25, 2008 E-trade Canada 'cash optimizer' account will give you 4.15% which beats ING by a bit. Technically you can withdraw your money anytime, but it is kind of a hassle, so it is sort of like having it locked in Link to comment Share on other sites More sharing options...
MoMack Posted May 25, 2008 Report Share Posted May 25, 2008 RBC has a 4% account. But its real easy to withdraw from. So mine is empty. Link to comment Share on other sites More sharing options...
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