ING Direct is offering 2.5% interest on new deposits to an investment savings account (ISA). This offer is valid for a ISA, a Tax-Free Investment Savings Account (TFSA) or an RSP Investment Savings Account (RSP ISA).
The offer is valid from now until June 30th, 2013.
The Fine Print
Savings Sale rate of 2.50% is calculated daily, paid monthly and will be applied to the first $250,000 (CAD) of personal ISA balance growth from April 1, 2013 to June 30, 2013. This rate does not apply to internal balance transfers made from other ING DIRECT Accounts, including GICs.
Also as a reminder, ING Direct is a wholly-owned subsidiary of Scotiabank.
@RobinMonks and? what does that mean? is scotiabank bad? should I consider moving my savings? Please explain.
I think Robin’s point is that ING Direct is attached to Scotiabank, which may make some people feel safer because it is attached to a well known, physical bank. According to wikipedia, Scotiabank is the third largest bank in Canada by deposits and market capitalization.
Actually, Amy, I personally have had horrible experiences with Scotiabank, so much that I’ve closed up all my accounts and moved elsewhere. The fact that ING Direct Canada (which will change name shortly) is now a wholly-owned subsidiary of Scotiabank is, for me, a show stopper.
Too bad.