The investment savings account playbook
Investment savings accounts typically offer a yield in the area of 1.25 per cent, which is much better than money market funds. Here's a selection of high interest accounts available through various online brokerage firms.
Broker | High Interest Accounts Available* | Purchase or redemption fees |
---|---|---|
BMO InvestorLine | BMO High Interest Savings Account | none |
TD Investment Savings Account | ||
RBC Investment Savings Account | ||
Altamira High-Interest CashPerformer | ||
Hollis Investment Savings Account | ||
Renaissance High Interest Savings Account | ||
CIBC Investor's Edge | Renaissance High Interest Savings Account | none |
Altamira High-Interest CashPerformer | ||
B2B High Interest Investment Account | ||
Hollis Investment Savings Account | ||
Manulife Bank Investment Savings Account | ||
RBC Investment Savings Account | ||
Credential Direct | Altamira High-Interest CashPerformer | None |
Manulife Bank Investment Savings Account | ||
Hollis Investment Savings Account | ||
RBC Investment Savings Account | ||
TD Investment Savings Account | ||
Disnat | Altamira High-Interest CashPerformer | None |
Hollis Investment Savings Account | ||
Manulife Bank Investment Savings Account | ||
B2B High Interest Investment Account | ||
RBC Investment Savings Account | ||
Renaissance High Interest Savings Account | ||
HSBC InvestDirect | ICICI Bank High Interest Investment Savings Account | None |
Renaissance High Interest Savings Account | ||
Altamira High-Interest CashPerformer | ||
Manulife Bank Investment Savings Account | ||
B2B High Interest Investment Account | ||
Hollis Investment Savings Account | ||
RBC Investment Savings Account | ||
Nat'l Bank Direct Brokerage | Altamira High-Interest CashPerformer | None |
B2B High Interest Investment Account | ||
Renaissance High Interest Savings Account | ||
Manulife Bank Investment Savings Account | ||
RBC Investment Savings Account | ||
Home Trust Investment Savings Account | ||
Qtrade Investor | Renaissance High Interest Savings Account | None |
Altamira High-Interest CashPerformer | ||
B2B High Interest Investment Account | ||
Hollis Investment Savings Account | ||
Manulife Bank Investment Savings Account | ||
ICICI Bank High Interest Investment Savings Account | ||
RBC Investment Savings Account | ||
TD Investment Savings Account | ||
Questrade | Renaissance High Interest Savings Account | A $9.95 commission applies to purchases and sales |
Altamira High-Interest CashPerformer | ||
Hollis Investment Savings Account | ||
Manulife Bank Investment Savings Account | ||
RBC Investment Savings Account | ||
Scotia iTrade | Bank of Nova Scotia High Interest Savings Account | None |
Hollis Investment Savings Account | ||
RBC Investment Savings Account | 1% fee charged on funds held for less than 90 days, minimum $28.88 | |
Manulife Bank Investment Savings Account | ||
Renaissance High Interest Savings Account | ||
Altamira High-Interest CashPerformer | ||
TD Investment Savings Account | ||
RBC Direct Investing | RBC Investment Savings Account | None |
TD Direct Investing | TD Investment Savings Account | None |
Virtual Brokers | Almost all | None |
*These are Canadian dollar accounts. U.S.-dollar versions are often available. Source: Brokerage firms
How to order an investment savings account
You'll need these fund codes to order an investment savings account through an online broker. U.S.-dollar accounts have different codes - consult your broker. Companies offering these accounts have varying minimum upfront investment requirements, but brokers often impose their own minimum purchase of $1,000 or more.
Fund | Code |
---|---|
Altamira High-Interest CashPerformer | NBC100 |
B2B High Interest Investment Account | BTB100 |
Bank of Nova Scotia High Interest Savings Account | DYN1300 |
BMO High Interest Savings Account | AAT770 |
Equitable Bank High Interest Savings Account | EQB100 |
Hollis Investment Savings Account | DYN500 |
Home Trust High Interest Savings Account | HOM100 |
ICICI Bank High Interest Investment Savings Account | IBN100 |
Manulife Bank Investment Savings Account | MIP510 |
RBC Investment Savings Account | RBF2010 |
Renaissance High Interest Savings Account | ATL5000 |
TD Investment Savings Account | TDB8150 |
Source: Investment company websites
Follow Rob Carrick on Twitter @rcarrick
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