If I have $3000 sitting in an account with a 0.5% interest rate compounded daily, does that mean it will only make $15 in 1 year?
>>1330304
http://www.moneychimp.com/calculator/compound_interest_calculator.htm
>>1330315
I used the calculator
I'm wondering why the return is so shit if it's a "high interest TFSA"
>>1330304
holy fuck that's trippy
i stared at that gif for 5 minutes wondering when it would land already
>>1330318
you are suppose to buy equities with a TFSA because it's sheltered from taxes you would have to pay
>>1330322
Fug, why the hell do they advertise it as an alternative for a RSP?