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Does spare cash in my Trading Cash or Margin accounts pay me any interest? If so at what rate? If not, is there another investment vehicle that does pay interest on overnight cash. One representative mentioned tdb8150 as an overnight interest baring account? Any recommendations would be appreciated....Thanks...Ken
January 6, 2013 11:17:11 AM
Investing and Planning for Retirement
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In reply to Ken, Nanaimo
Thanks for reaching out to me here at TD Helps.
Depending on the account that you have there may be interest payable on cash balances in your TD Waterhouse Direct Investing Account, please follow this link to find the current rates: http://www.tdwaterhouse.ca/products-services/investing/td-direct-investing/accounts/rates.jsp . TDB8150 is the investment savings account through TD and is a great short term savings investment to put cash balances in. If you are not ready to make a long term investing decision want to and keep your money relatively liquid. Check out the current rates here: http://www.tdassetmanagement.com/Content/Products/p_LandingPage.asp?PID=27 . If you'd like some assistance putting money into this account, please call a TD Waterhouse trading desk specialist at 1 800 465 5463.
I hope that this was helpful - have a great day!
January 6, 2013 06:40:14 PM
1 person recommended this