Quote:
Originally Posted by bizaro86
My parents did the similar CST plan for me as a kid, then added a self-directed RESP with their bank later. The CST one was a bit more work to get the money out, but not dramatically so. They paid up without arguing. It was a pretty poor return over all, but that was the deal.
Granted that was >15 years ago...
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We had a more recent experience, but was very similar. The problem with the CST types is that there is no transparency and it was harder to get the money out. The timing sucked and it somehow took them 2+ months to process.
I would not recommend those to anyone. Use another, more standard financial institution, put money into a fund each month and you will be far happier.