{"id":305088,"date":"2008-12-01T11:20:00","date_gmt":"2008-12-01T16:20:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/national-bank-to-offer-gic-transferable-to-a-tfsa\/"},"modified":"2008-12-01T11:20:00","modified_gmt":"2008-12-01T16:20:00","slug":"national-bank-to-offer-gic-transferable-to-a-tfsa","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/products\/national-bank-to-offer-gic-transferable-to-a-tfsa\/","title":{"rendered":"National Bank to offer GIC transferable to a TFSA"},"content":{"rendered":"<p>With a month to go before Canadians can begin putting their savings into tax-free accounts, National Bank Financial Group is launching a GIC that will give savers a head start. <BR><BR>National Bank announced on Monday that it is now offering a non-redeemable Guaranteed Investment Certificate at a rate of 4.1% that will automatically be transferred to a Tax-Free Savings Account at the beginning of January 2009. <BR><BR>The interest on the 19-month term GIC is compounded annually. The investment must be at least $1,000, but must not exceed $4,975, since the principal amount of the GIC and the interest accrued must not exceed $5,000 to be eligible for transfer to a TFSA.<BR><BR>Interest earned on the GIC between the date of issue and the date of transfer to the National Bank TFSA will be taxable.<BR><BR>Investors can also avoid the rush at the beginning of the year and open a Self-Directed TFSA now, at the National Bank Direct Brokerage Web site.<BR><BR>AGF Funds Inc. also announced on Monday that investors can now begin opening TFSAs at AGF, and will be able to begin making contributions on Jan. 2, 2009.<BR><BR><b>IE<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors can now open TFSAs at AGF<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2315],"tags":[3422,2590],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/305088"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=305088"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/305088\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=305088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=305088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=305088"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=305088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}