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Anyone finding any good AgriInvest accounts that pay interest?

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  • Hopperbin
    Senior Member
    • Dec 2007
    • 6562

    Anyone finding any good AgriInvest accounts that pay interest?

    As the title asks.
  • Wheatking
    Senior Member
    • Sep 2007
    • 476

    #2
    I was wondering the same thing. My CU was paying .75% I think. Would be nice to find an account that would treat it the same as an RRSP allowing you to buy and sell stocks in, as I am sure I could do much better than .75%.

    Comment

    • fjlip
      Senior Member
      • Oct 2002
      • 9866

      #3
      Cornerstone CU pays 1.13% if over 10000.

      Comment

      • JDGreen
        Senior Member
        • Jan 2008
        • 865

        #4
        isnt BMO advertising 1.25% ??

        Comment

        • burnt
          Banned
          • Sep 2009
          • 3918

          #5
          Not to forget 100 FREE Airmiles from BMO - oh the prosperity that generates . . .

          Comment

          • Saskfarmer99
            Banned
            • Sep 2009
            • 3918

            #6
            Be careful with the way it is advertised. 1.25% is most likely an annual rate. Others advertise .2% but it is like a monthly rate.

            My suggestion to anyone is to withdraw the funds and use for LOC or debt repayment. Its the best way to get 4 to 6%.

            Even better is to use to purchase inputs. The way things are going 15 to 20% may be achievable with the way things have jumped recently

            Comment

            • tipsy
              Senior Member
              • Apr 2009
              • 385

              #7
              Your right sask-99, the best rate I could find was 1% compounded 1/4ly. That is what I did for the best bang for my dollar. BUT, remember when you with draw these funds, it's now considered income, for income tax purposes. Which is/was of no consequence for me this year.

              Comment

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