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Time to Top Up your TFSA

Get 2.75% for your 2020 Tax-Free Savings Plan (TFSA)

Start the New Year off right and maximize the taxable benefits of saving within a TFSA.  We will hold your deposit in our Premium Savings Account and transfer it to your TFSA on January 2, 2020 so you get the full benefits of tax savings. 

To help you save we have put together a special offer:  Exclusively for your TFSA, enjoy a 1-Year GIC rate of 2.75%.  Saving in a Parama TFSA means the interest your money earns will accumulate tax-free!   If you aren’t maximizing the use of TFSAs in your financial plan, you could be paying more tax than you need to – very important to consider with interest paying investments like GICs. 

ACT NOW!  Don’t miss this opportunity to grow your savings at the best 1-year GIC rate we’ve found to be available today.  

Compare this rate

1-Year non-redeemable GIC rates

BMO / TD / RBC Royal Bank

1.45%

DUCA Credit Union

1.90%

Meridian Credit Union

2.25%

Steinbach Credit Union

2.25%

GICDirect

2.37%

Alterna

2.40%

EQ Bank

2.40%

Implicity Financial

2.45%

People’s Trust

2.45%

Oaken Financial

2.55%

Source: Ratehub.ca or website, as of November 27, 2019

Go to TFSA APPLICATION AND DEPOSIT FORMS

Conditions:

  • Minimum investment is $6,000 (the maximum TFSA allowance for 2020). You could invest up to $69,500 - if you've never invested in a TFSA.  
  • NEW money only
  • Not eligible for Member rebate/profit-sharing
  • Not cashable
  • Must be a Member of Parama
  • Exclusive offer may end at any time — GIC Rate is guaranteed for 1 year
  • Deposits are insured by the Deposit Insurance Corporation of Ontario up to $250k (unregistered accounts) or unlimited (registered accounts). For further information on deposit insurance, visit DICO’s website at www.dico.com

 

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