What is the first promotion?
Presidentâ€™s Choice Financial is offering you 2.5% interest on any new deposit amounts that you make into the registered investments listed below; this promotion is available from December 1st 2010 â€“ April 30th, 2011.
The investments that are eligible for this bonus interest are the following:
- Interest Plus RRSP
With the Interest Plus RRSP, you earn a competitive interest rate, and when you maintain an average annual balance of more than $1,000, you get an anniversary bonus that increases the more you save and the longer you invest. There are no risks, fixed term, fees or penalties for early withdrawals.
At this moment, the normal annual interest rate for this investment is 0.50% for $0-$1,000 and 1.50% for $1,000.01 and up.
- The Worldâ€™s Best RRSP
This particular investment allows you to benefit from no risks or conditions, no minimum deposits or fixed term, which allows your RRSP to always be cashable. This daily interest investment account RRSP is a risk free investment with a guaranteed return. With no conditions, all you have to do is deposit and watch your money grow.
At this moment, the normal annual interest rate for this investment is 0.65% for all balances.
- Tax Free Interest Plus Savings Account
You can optimize your savings cash flow with this particular savings account, especially since you pay no tax on the interest earned. Not only will you get a competitive interest rate, but you also get an anniversary bonus. The only time you will be taxed on this account is when contributions are made in excess of your personal contribution room. If that is done, then you will be subject to a 1% per month penalty tax.
At this moment, the normal annual interest rate for this investment is 1.50% for all balances.
Both the Interest Plus RRSP and The Worldâ€™s Best RRSP funds are taxable upon withdrawal and they are not eligible for withdrawals through bank machines or Interac Direct Payment transactions.
Keep in mind; the RRSP contribution deadline is March 1st, 2011. If you are planning on investing in your savings, then you might as well consider investing in one of these RRSPâ€™s because you benefit from the bonus interest rate.
What is the second promotion?
The second promotion available allows you to get 5000 bonus PC Points. The only requirement to get these bonus points is that you have to use your PC MasterCard when purchasing an iTunes card that is $25 or more. The 5000 bonus points are equivalent to a $5.
Some might be tempted to purchase several iTunes gift cards to receive such a large bonus in PC points, however it is not possible. These bonus points are awarded and limited to only one PC points accounts per qualifying purchase transaction. The points will be automatically awarded into your account within 8 weeks of the purchase.
This offer is valid until February 28th, 2011.
Personally, I find the first promotion I listed to be a great introduction into the New Year. The second promotion is good, especially for those who download often from the iTunes store.
How do you feel about these two promotions?