9 Reasons Why You Should Open a Tax Savings Account in Kitchener


Saving is an important factor by which we can enjoy great benefits in our problem days. Natural disasters and family problems can come any time so we must be ready to face them by making some savings. It is difficult to save money these days after allocating & budgeting for important items like transportation, housing, and food but it is very important to save money, even a small amount, as the benefits are multiple.

A tax-free savings account in Kitchner will help you to meet both short-term and long term goals. TFSA’s are flexible investment accounts that can be used to achieve a wide range of objectives such as family vacations, home renovations, purchasing a new car, or even to supplement your retirement plan.

  1. No maintenance fees when the combined assets of investment accounts total $15,000 or more. 
  2. No withdrawal fees.
  3. No commissions when you sell or buy mutual funds.
  4. Competitive trade commissions with no minimum account balance as low as $6.95.
  5. Save on foreign exchange conversions by holding and settling in US/CAN currency.
  6. With a tax-free savings account, you can further diversify your investment portfolio using our vast selection of investment options including mutual funds, stocks, exchange traded funds (ETFs), and guaranteed investment certificates (GICs). We provide access to the latest research and investment tools to better assist you in making confident, profitable decisions.
  7. Unlimited Withdrawals - Number of withdrawals in saving account is unlimited with some of the banks providing ATM facility free of charge.
  8. Saving in Secure accounts - Banks in Kitchener provide different choices in saving accounts like online saving accounts, simple saving accounts with different rates and choice of withdrawals (with and without withdrawals). People can choose according to their suitable rates, everything is a secured saving option.
  9. Free and No minimum balance  - Many banks in Kitchner are providing saving accounts to its customers without any fee and with no minimum balance required. You can open saving account with any amount you want to save and deposit.

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