Saving anything these days can be quite difficult at times, especially when the rates are not exactly the best. Canadian Tire Financial Services has decided to help those who are trying to save by introducing an offer that savers should not miss out on.
What is the offer?
Canadian Tire Financial Services will be offering a hand for 90 days at least with a bonus 1% annual interest rate for new Canadian Tire Tax Free High Interest Savings Accounts (Tax Free HISA) or Canadian Tire High Interest Savings Accounts (HISA).
The difference between the two savings is that the former qualities for the government’s tax free savings account exemption is that you can put in $5,000 a year and any gains are tax free where as the latter has no such tax protection.
What is the rate?
The Tax Free HISA currently has a rate of 2.5%, and the bonus of 1% will now bring it to 3.5%. The regular HISA has a rate of 1.5%, with the bonus of 1% it will bring it to 2.5%.
With the bonus, it makes it the highest rate out there, however this only last 90 days, after which the rate will become competitive, but not the highest.
With all of that said, it can be said that this is a deal that should not be missed. Getting a bonus of 1% can make a huge impact on your savings.
Whichever account you decide on, you have to deposit your funds before November 15th, and the amount must remain in the account for 90 days.
Do not miss your chance to for the 1% bonus rate, who knows when you will get another chance at such a high rate.