General Goals 1) to be debt free in 3.5 years 2) save lots of money

Monday, December 20, 2010

New Savings Account

A couple of months ago I called up Ally and sighed up for a TFSA (Tax Free Savings Account). Ally is very similar to ING in that it offers high interest Savings with no fees. The first cheque I sent them they sent back because something on it was wrong. Since then I haven't done much with the account. The other day I decided that it was stupid not to try and sent the cheque in a second time. So I called to make sure that I got it right this time and send it off today. Ally gives its client an interest rate of 2% which is calculated daily. Basically by not getting my act together I have lost out on some interest not much I'm sure but hey every little bit helps! The cheque I sent in was from my General fund which holds my 10% fund. The amount deposited was $425.05. I plan to keep my General Savings fund tracker the same as the amount is just split up into two different account at the moment. The plan is to eventually shift all of my 10% fund into my Ally account so it can collect the interest. Hopefully this time the cheque isn't returned because if it is I will start to get a complex.

On another note I am finalizing my 2011 goals and New Years resolutions still. So they won't be up until closer to the New Year.


  1. At least it's there now.

    I keep my TFSAs in ING and in Questrade for stock trading.

  2. Ya its nice to get it done so it not hanging over me.

  3. I have been so busy changing and fiddling around with 2011s budget that I forgot about Resolutions. Every year they go something like this " I want to lose and keep of a few pounds, and I would like to see the year out with money in the bank " well the weight thing has been a disaster but i may just manage to have some savings in the bank on 1st January