If at the end of the year, I have 10k in hand that I want to save/invest and these are my options: 1.Prepay into mortgage. Rate is 2.1% 2.Invest in stocks and I know I can get at least 7 % return. ...
ING Direct is currently offering 2.5% interest for a 90-day GIC, 1% for 180 days, and 1.5% for 270 days. What would be the advantage of locking my money in for longer if I'm just going to get paid ...
What are the advantages of paying off the mortgage quickly?? Sure, not paying interest and truly owning your house is great, but then the money is tied in a fixed asset, and if you want to get at ...
When we say 'Savings Account', does it automatically mean that the interest rate can go up and down? So by that definition, the interest rate on TFSA can go up and down any time?
From the brochure of my bank, here is an excerpt: Interest on the TFSA Savings Account is calculated daily and paid monthly. Interest on TFSA GICs is compounded annually and paid at the end of ...
What kind of information can I use when trying to convince my bank to lower the interest rate on my line of credit?
I'm looking to lower the interest rate on my line of credit, and, before calling up my bank, I am wondering what kind of information I should have prepared that I can use as arguments when trying to ...
Interest rates across Canada are gradually creeping up, but they're still incredibly low compared to when I started my 5.79% fixed rate mortgage a few years ago. Several lenders still seem to be ...
With interest rates beginning to ascend, is it better to lock in a mortgage at fixed rate or opt for variable rate?
With the interest rates beginning to ascend, is it better to lock the house mortgage at a fixed rate or to opt for a variable rate mortgage? Thanks in advance for the sage advice that is shared here.
On the news a couple of years ago, in BC, they said that if you are NOT an financial institution, it was illegal to charge interest on any money that you have lent out. Now I live in Alberta. And ...