The Double Deal Of
The ing Direct Tax Free Savings Account

The ing Direct tax free savings account allows me extra interest. And right now, that's a very good thing.





First of all, any Canadian with up to $5000 in savings would be well advised to consider taking advantage of the government's tax free savings account that comes into play January 1, 2009. Any of the major banks can offer that.

But as usual, ing direct offers a sweetener. ing Direct rates are comparable to those of other banks, but they are doubling until December 31, 2008. The bank's promotional material points out that the extra interest will more than pay for any tax disadvantage.

I certainly bit. With the promise of sheltered money that I can still access at any time, and the dollop of extra interest over two months, I'd have been crazy to hold onto that money.

With mutual funds basically in the tank, plain old savings accounts, especially tax free savings accounts, are looking pretty good. An ing direct tax free savings account looks doubly good at the end of 2008.