Yes. I've been waiting since they've announced this tax-free savings account.
Since I have no money, I plan to just put the money in a regular savings account. This way I will always have access to the money. I will consider GIC too, it all depends on the interest rates.
ING Direct has the Tax Free Savings accounts a few months already. They are running a promo now that you get twice the interests, and the account will convert to the Tax Free account next year.
I already maxed it out by depositing $5000 in there.
原帖由 pkphilip 於 2008-11-20 00:36 發表
ING Direct has the Tax Free Savings accounts a few months already. They are running a promo now that you get twice the interests, and the account will convert to the Tax Free account next year.
I alr ...
"Open an ING DIRECT promotional tax-free Investment Savings Account today and on December 31st we will double your interest payment. This should be enough to cover any tax you’ll need to pay on interest earned"
so they only will double the interest for this short period of time, not DOUBLE INTEREST for the whole time frame of your investment. correct me if i am wrong. so you maxed out $5,000, and they double your interest which is going to be 2.7% X 2 = 5.4%. let's say you opened the account in early october, so they will pay you $5,000 X 5.4% divided by 12 (months)X 2 (two months oct to dec), which you will end up with $22.50. is that truth? thanks.
a bit off topic here, so how many LYK will invest the money in mutual funds these days? (under this tax free saving account), let's say 5 years time frame.
發表於 2008-11-19 17:45
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