Money101 wrote:Man, these rates are pitiful. Why not invest in the bank's stock to get a bigger return through their dividend?
Money101 wrote:Why not invest in the bank's stock to get a bigger return through their dividend?
Money101 wrote:Actually, they were something I started looking at recently but Il don't understand the difference between those and regular dividend paying bank shares, at least not a difference that I would experience.
If you want dividend income from banks, just buy the common stock.
bones1 wrote:About the only benefit of preferreds is the dividend tax credit.
bones1 wrote:It's a big benefit, but I don't think it's worth taking on the equity risk of prefereds while at the same time giving up the upside potential of the common stock.
Money101 wrote:Don't you also get this benefit with common stock?
Why does the common stock have more upside potential?
IdOp wrote:MIP510 down to 0.90%
DYN500 down to 0.80%
PCF Interest Plus still at 0.75% (over $1000, 0.50% otherwise)
Does anyone have any knowledge of anything better out there.
northbeach wrote:RBCDI now offers CIBC Renaissance High Interest Savings. Symbol is ATL5000.
broke wrote:northbeach wrote:RBCDI now offers CIBC Renaissance High Interest Savings. Symbol is ATL5000.
Ok, I've tried the symbol ATL5000 in several places at RBCDI and get nothing.
What's the secret?
broke wrote:Funny how it wouldn't come up in the several other searches I had tried.
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