What's your experience with Peoples Trust?

[anicas_stash]

Some people on SC mentioned Peoples Trust (PT) as the bank they use for their TFSA and savings accounts. I checked the PT website and found out that their rates are 3% for TFSA and 1.9% for the e-savings account.

I'm interested in opening accounts with them so I wonder what experiences you have with their services before I take the plunge. Thanks

[kris32]

I have no experience personally however I have definately looked into it and everything seems good from a google search I did,the only downfall seems to be is there is a 1000$ minimum deposit and the fact that you must link your bank account to another to get your money out. Both of which are no problem to me! I am so close to getting a tfsa with them,going to double check do a extra google search,check tfsa contribution limits for this year and probably most likely, go for it!seems too good to be true,I know that's why I am still a tiny bit hesitant,lol.

[Carlotta]

TFSA contribution limits for this year are $5500. So the maximum you can have contributed in your TFSA (before growth) is $25,500.

[aemi]

I've been with them over 2 years. No problems. I told my family and some moved to PT too after a while. Ask me any question you wish about them, I will try and answer. I don't work for them so maybe you should call them though ).

[anicas_stash]

Thanks for replying! Much appreciated