Interest rate is now 1.20% | AcceleRate Financial | Discussion forum

MrMGoldberg said
I just noticed this on the chart here! For some reason the "OD Int Rate" (of 21.000%!) is listed in the place where the interest rate would normally be. This seems suspicious to me. Accelerate used to always be near the top of the charts for rates. Now they're just at the top alphabetically, having dropped their HISA interest rate 1.1% in a calendar year (or -47.8% in real terms).

I know rates are lower, but without doing much research, I wonder if the recent merger has something to do with it.

I'm thinking of jumping ship to Canadian Tire. Anyone else thinking like me?  

Perhaps you believe that Cdn Tire will stay @ 1.8%?
I think 1.2% is getting to be pretty much the general "market rate" these days and I wouldn't be surprised to see more reductions by some FIs to 1.0% during first quarter of 2021. The economy in Canada is quite weak right now and govt spending is sky high. I believe interest rates are likely to trend lower. Interest rate trend is good for mortgages (buying a house) but not good for savers.