Just a PSA for the community, in case you don’t check often.

    • MxWarp
      link
      fedilink
      arrow-up
      5
      ·
      1 year ago

      Tangerine extends promotional interest rate offers to existing customers as well. As a long-standing customer myself, I recently benefited from 5.25% offer just last month.

      • Affaires de PiassesM
        link
        fedilink
        arrow-up
        2
        ·
        1 year ago

        Wow, awesome news. They already extended their previous offer to me (5%), but I haven’t received anything to extend it this time, so let’s hope I’m going to win the rate lottery.

    • MxWarp
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      Do Horizon ETFs typically increase their $CASH.TO distribution soon after a Bank of Canada rate increase? I’m curious if you’re familiar with the historical trend behind it.

      • Affaires de PiassesM
        link
        fedilink
        arrow-up
        1
        ·
        edit-2
        1 year ago

        Yes, they do. It sometimes happens very quickly within a few days, or it’s sometimes a little longer. The increase may not always be equal to the increase in the BoC rate though. I’ve been using CASH.TO since February 2022.

  • MxWarp
    link
    fedilink
    arrow-up
    1
    ·
    1 year ago

    Horizon ETF $CASH.TO yield of 5.41% as of July 13, 2023 - Management fees 0.10%, (Plus applicable sales tax)

  • MxWarp
    link
    fedilink
    arrow-up
    1
    ·
    1 year ago

    What!? Those bastards only offered me 5.25% I should file a complaint with ombudsman for banking services /s