Comments on: Cashable GICs from Action Direct

By: michael

michael — Wed, 27 May 2009 18:34:57 +0000

Please try our services we provide the best rates and focus on service.

regards

By: L505

L505 — Mon, 08 Dec 2008 19:26:38 +0000

Also, as soon as you open an account some discount brokerages, you are eligible to earn up to $50 in commission-free trades. In order to get this deal you can let me know if you like.

By: L505

L505 — Mon, 08 Dec 2008 19:20:56 +0000

Some that use RBC Direct, TD Waterhouse, Scotiabank and other ridiculous services which charge outrageous fees for so called “direct investing” may want to consider some discount companies like Questrade ($4.95 trades). For a “discount brokerage” I find the fees with RBC direct and TD Waterhouse absolutely insane.

By: robert

robert — Sat, 11 Oct 2008 20:23:48 +0000

where can I find a list of the companies offering 30 day Cashable GICS and their rates

By: Jason

Jason — Sun, 02 Mar 2008 03:29:55 +0000

If I cash out a 30 day cashable with a 1 year term after 45 days, do I still get interest for the 45 days? Or is that forfeited.

Thanks.

By: illmatic

illmatic — Wed, 23 Aug 2006 21:07:31 +0000

One more thing in respect to the original thread: RY Cashables can be redeemed prior to the first 30 days (not locked in), the downside is that you must forfeit any interest accrued. BMO’s cashable is usually at a higher rate but locked in for the first 30, and last 15 days prior to maturity. For redemptions, RY allows you to do partials of $100 redemptions, while BMO has a minimum of $10k per redemption.

By: illmatic

illmatic — Wed, 23 Aug 2006 21:03:03 +0000

I must admit AD has lagged behind BMO investorline and TDW for quite some time, but they have made considerable changes recently that makes the bottom line much more attractive for clients. They dropped commissions early this May, added an active trader pricing that is cheaper than TDW/BMO/McLeod (with the exception of eTrade I Think), introduced Level II quotes and real-time balances. Their research from the street is supposed to be vamped up also this fall.

By: Canadian Capitalist

Canadian Capitalist — Thu, 20 Jul 2006 15:11:52 +0000

Rob: After reading your comment, I realised I did not answer Mike’s question at all. My rationale for the brokerage account with Action Direct is the same as you. We have all our accounts (checking, US Dollar checking, Line of Credit etc.) with Royal Bank and it was natural for me to open a brokerage account with them. Once the accounts were opened, sheer inertia keeps us there

By: Mike

Mike — Thu, 20 Jul 2006 02:08:25 +0000

Rob, indeed this is a good reason to want to use AD. I feel fortunate that I bank fully with TD and take advantage of TDW which is in house.

By: Rob

Rob — Wed, 19 Jul 2006 21:39:47 +0000

My Rationale for Action Direct is because I already deal with Royal Bank for my banking. It seems easier to have all your finances (investments, bank accounts) accessible through one -portal.

I’m guessing it may make money transfers between investment and regular accounts easier too.

A lot of this may be psychological – which is too bad, because Action Direct really does suck compared with the competitors.