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When will ING drop their TFSA rate from 3% in 2010?

  • They won't in 2010, they may even raise it.

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ING 3% TFSA rate

9K views 20 replies 10 participants last post by  lister 
Now that I know you can move between TFSA accounts, I'll take ING up on their 3% as I want to hold some cash in case of a market drop, and when ING does drop the 3% or their is a market correction, I'll transfer to itrade, for free.
I just opened a TFSA account with Ally. Ally also allows moving a TFSA account for no fee. I find Ally and ING to be comparable in their rates.

To be honest I picked Ally because I didn't know ING Direct allows you to move the TFSA account out to another institution. You learn something every day.
 
Is this a cash account CC? or GIC? If GIC, is it cashable - penalty free (aside from losing promised interest)?
I opened a cash account but I'll consider their 1-year cashable GIC, which is cashable anytime and pays out the accrued interest if you do cash out. You don't lose interest. However, for the terms that are less than 1-year, you do lose the interest.
 
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