How To Increase Your Savings » Open

How Old Do You Have To Be To Open A Tax-free Savings Account?

Increase Savings — Sat, 19 Dec 2009 00:37:00 +0000

All Canadian residents over the age of 18 and in possession of a social insurance number. Residents of British Columbia, Newfoundland and Labrador, Nova Scotia or New Brunswick have to be 19 years old. Allowable contribution space will start from the time you turn 18.
So if you are 18 you can register an account. You may have to wait until you are 19 to contribute, if the province you live in is one of the above.
Example:
You are 18 and you live in New Brunswick. You register a tax free savings account. You cannot make a contribution, but you will get $5000 contribution room. The next year you turn the legal age of 19. You can now contribute to the TFSA. You now have $10,000 contribution room.
You are 18 and you live in Ontario. Your register a tax free savings account. You can make a contribution right away. You have $5000 in contribution room.
Hope this is clear!

What Is The Best Bank For Me To Open A Savings Account & Get A Debit Card?

Increase Savings — Fri, 18 Dec 2009 12:28:51 +0000

in sixteen & i need a place for my money. and i want to use a debit card
i need something w. a good return rate.
& dividends maybe?

What Is The Best Bank For Me To Open A Savings Account & Get A Debit Card?

Increase Savings — Thu, 17 Dec 2009 12:25:52 +0000

in sixteen & i need a place for my money. and i want to use a debit card
i need something w. a good return rate.
& dividends maybe?

I Want To Open Up A Savings Or Cd Of Some Sort?

Increase Savings — Wed, 16 Dec 2009 00:25:12 +0000

I have 4,000. I want to put it in the bank to gain interest. But I’d still like some sort of access of it for just in case purposes. what is the best way to do this. should I put it in a regular savings account or a cd or something. which one would benefit me the most. I really don’t know much about these sort of things…can someone help me out.

Is It Possible To Open A High Interest Savings Account In An Overseas Country?

Increase Savings — Wed, 09 Dec 2009 18:38:33 +0000

Hi I’m an Aussie, I was just wondering if it is possible to open a high interest account overseas and if its a good idea? For example, if South Africa has an interest rate of 11% could I open an account there and get around 11% return on the money in the account/term deposit?

I Want To Open A Savings Account Online. Are They Going To Run My Credit?

Increase Savings — Wed, 09 Dec 2009 00:34:02 +0000

I am in the process of getting a new home and dont want too many hits on my credit before the closing.

Which Bank Is Best To Open A New Savings Account Nowadays?

Increase Savings — Sun, 06 Dec 2009 12:47:29 +0000

Which bank is the most sturdy and has the most safeguards to weather the current economy, as well as offers good rates and services for its customers?

What Is The Best Bank For Me To Open A Savings Account & Get A Debit Card?

Increase Savings — Sat, 05 Dec 2009 01:06:57 +0000

in sixteen & i need a place for my money. and i want to use a debit card
i need something w. a good return rate.
& dividends maybe?

Best Online Bank To Open A Savings Account With. I Want The Highest Interest?

Increase Savings — Fri, 04 Dec 2009 00:49:58 +0000

Yesterday I applied for a checking account with a local bank and as soon as im finish with them I want to open a savings account online.

Which Bank Can I Open A Savings Account With Online Banking?

Increase Savings — Wed, 02 Dec 2009 06:26:13 +0000

i want to be able to make bank transactions online but with just a savings account, no checking’s account. is it doable?