Must do 1 transaction in tfsa per 2 yrs to maintain active TFSA acct, otherwise acct goes dormant.
No interest while the acct is dormant.
0.1% interest per year. (1000$ grows to 1001$)
Interest is deposited into the acct monthly. simplii has mutual funds and gic s. No brokerage accounts.
Simplii high interest saving account - Interest deposited last day of the month. Interest is on calculated based on every day of the month except the last day. Unlimited transactions to/from chequing. Transfers from chequing to savings and back is unlimited. 0.1%/yr interest rate
No fee Chequing acct - 0$ - 25000$ 0.01% interest, 25001++ 0.05%. unlimited transactions.