Why don't all Canadians move their DI deposits to LBC Digital?
You sort of ask a whole new question here at the end of your post, but I think it's the more interesting one, so I'm going to take a stab at answering it.
From a Jun 2019 CBC article:
Canadians are forecast to save just 3.21 per cent of their disposable income in 2020, or about $1,277 on ...
Banks are businesses, with the attendant differences in service offerings and internal cost structures. This alone accounts for differences in prices for essentially identical goods and services. After all, every accountant offers accounting services by definition, but not all of them charge the same amount.
Googling about for the bank LBC Digital at the ...
Why would you envisage that Swap Point wouldn't exist in forex trading in UK or in the matter anywhere else in the world.
Swap Points (forward pips) are the difference in interest rates between transaction currencies.
Swap point is a phenomena which will exist whenever you trade in a pair of currencies, because the factors affecting the interest rates ...
Not quite. Since the yields have decreased and bond prices increased, one could take a view (not necessarily correctly) that investors think short term interest rates could be due to increase less quickly than previously expected.
Bond investors face a choice: they can either buy short term bonds and reinvest the payments or they can buy a longer term bond....
This leads me to believe paying of an account is much more beneficial than putting funds in an offset.
Is this correct?
Am I missing something?
The money accumulating in the offset account is just sitting there growing at 0% while the mortgage balance is growing at 3.36%.
If you could find liquid security which guaranteed you 3.36% ...