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Scotiabank TFSA-eligible investments include mutual funds
- Scotiabank TFSA-eligible investments include mutual funds, Guaranteed Investment Certificates (GICs) and cash, all in one registered account.
www.scotiabank.com/ca/en/personal/investing/tax-free-savings-account/faq.html
People also ask
Can you hold Scotiabank mutual funds?
What types of mutual funds does Scotiabank offer?
Are Scotiabank mutual funds a good investment?
Does Scotiabank have a registered SSI investment account?
Jan 18, 2024 · Similarly to GICs, you can hold mutual funds in non-registered accounts or registered accounts, such as registered retirement savings plans (RRSP), tax-free savings accounts (TFSA), first home savings account (FHSA) or registered retirement income funds (RRIF).
SSI offers various accounts and services for investing in ScotiaFunds, such as pre-authorized contributions, registered plans, automatic withdrawal plan, and fees and expenses. You can also use Scotia OnLine to manage your SSI investment account.
Online Banking. Click on any of the topics below for more information on how to manage your mutual funds via Scotia OnLine: Monitor your ScotiaFunds Holdings. Open a new SSI Investment Account and purchase ScotiaFunds. Purchase ScotiaFunds in your Existing SSI Investment Account. Switch between ScotiaFunds in your Existing SSI Investment Account.
- Tiabank Mutual Funds Rating: 4.8 Stars
- Scotiabank Mutual Funds Alternatives
- FAQ
Scotiabank mutual funds have fees similar to those offered by other big banks, and there are relatively few Scotiabank mutual funds available. On the other hand, Scotiabank offers an interesting array of mutual fund portfolio options for investors, and these are available for the full array of investment account types. If you're just starting out i...
We decided to see how Scotiabank mutual funds measured up to those offered by some other big banks in Canada.
What types of mutual funds does Scotiabank offer?
Scotiabank offers 6 types of mutual funds, including Cash Equivalent, Income, Balanced, Equity, Index funds, and portfolios. You can read more about these here.
What’s the minimum investment for Scotiabank mutual funds?
The minimum investmentfor Scotiabank mutual funds is $500. While it would be nice if this minimum were lower so anyone could get started investing in Scotiabank mutual funds right away, $500 is still lower than some minimum investments at other banks.
Are Scotiabank mutual funds free?
They are not free. Mutual funds are professionally managed, and those professionals need to be paid, so there are some feesinvolved with investing in mutual funds. That said, however, these fees are relatively low, with Scotiabank’s MERs ranging between 0.16% to 2.49%.
- Scotiabank
Feb 3, 2023 · Your TFSA can hold the following investments: Mutual funds; Guaranteed Investment Certificates; Savings accounts; Stocks ; Visit the Tax-Free Savings Account page on our website to learn more.
Dec 12, 2019 · Investment funds, including mutual funds and segregated funds, charge a fee for managing the fund. The fees are the Management Expense Ratio (MER) and may include an ongoing commission paid to advisors who sell the fund to their clients. The MER is paid regardless of whether the fund makes money.
Jan 21, 2024 · Learn what mutual funds are, how they work and why they are popular in Canada. Compare different types of mutual funds and their fees, and find out how to invest in them with Scotiabank.
