5:52 pm
November 22, 2018
The rate is still listed on their site.
https://www.pcfinancial.ca/en/legal-stuff/pcsavings-interest-rates/
6:02 pm
December 20, 2019
8:54 pm
April 6, 2013
The rate is still there on the PC Money Account product page:
PC Money™ Account
NEW! Earn 4.25% interest on savings1The only bank account that earns you points for spending and interest on your savings, with no monthly fee and no minimum balance - get up to $700 in average annual value.2
9:39 am
April 6, 2013
Corange said
…I can't really recommend it. My transfers in take forever to be available - 8 business days even though the terms say 6.
Pending transfers disappear from the pending section which one led me to assume one didn't process and reenter it.…
Would bill paying to the PC Money card from the other financial institution take less time for the funds to be available? Bill paying to my Scotia iTRADE account makes the funds available with no restrictions when they arrive. In contrast, pulling the funds in at Scotia iTRADE results in restrictions on the funds (may not be transferred out until after 10 business days from the date of deposit).
Simplii too has similar behaviour with their transfers to/from external accounts. The transfer disappears, the business day before, from the list of pending transfers and isn't posted to the Simplii account until the day of the transfer.
12:00 pm
June 20, 2023
Would bill paying to the PC Money card from the other financial institution take less time for the funds to be available? Bill paying to my Scotia iTRADE account makes the funds available with no restrictions when they arrive. In contrast, pulling the funds in at Scotia iTRADE results in restrictions on the funds (may not be transferred out until after 10 business days from the date of deposit).
In my experience, funds paid to the PC Money card from another financial institution are fully available once they arrive in the PC Money account.
7:41 am
April 6, 2013
Spending limits from their chatbot:
Keep the following spending limits in mind when using your PC Money™ Account:
- Using your card for tap payment: $100 max. per transaction ($250 max. daily)
- Chip & PIN payment: $2500 max. per transaction ($2500 max. daily)
- Apple & Google Pay tap payment: $100 max. per transaction ($250 max. daily)
- Online, Telephone or Mail Order: $2500 max. per transaction ($2500 max. daily)
- Cashback: $200 max. per transaction ($200 max. daily)
- Bill Payments: $10,000 max. per bill ($25,000 max. daily)
8:05 am
April 6, 2013
200,000 points welcome offer for three months of payroll/pension direct deposits:
Earn 200,000 bonus PC Optimum™ points with a welcome offer when you open a PC Money™ Account and set up a min. of $1,500 in payroll or pension direct deposits for 3 consecutive months.
Offer ends October 31st, 2024. See terms and conditions* for details.
* This introductory offer is available to new, first-time PC Money™ Account cardholders. For this offer you must have completed the actions or met the conditions described below in order to be eligible for the PC Optimum™ points shown. This offer replaces any other introductory offers. This offer may be terminated or changed by us at any time without notice.
Earn 200,000 PC Optimum™ points for completing the following steps: (i) starting within 60 days of opening your account, deposit a total of at least $1,500 in a calendar month to your PC Money™ Account using automatic payroll or pension direct deposits; and (ii) in each of the following 2 calendar months deposit at least $1,500 to your PC Money™ Account using automatic payroll or pension direct deposits. There must be a minimum of $1,500 deposited for 3 consecutive months for requirement to be met.
The welcome payroll or pension direct deposit bonus points offer during this promotional period is the sum of: (i) the standard payroll or pension points earned each calendar month when you deposit at least $1,500 using automatic payroll or pension direct deposits, and ii) additional points for qualifying deposits made during the promotional period (as outlined above) to top up to a total of 200,000 points.
Standard points will be awarded to your PC Optimum™ account within 2-7 business days of when you meet the minimum direct deposit amount(s). The additional points will be awarded to your PC Optimum™ account 4-6 weeks after you meet the requirements.
Note: The classification of a direct deposit as a payroll or pension direct deposit is determined solely by President’s Choice Bank. Interac e-Transfer® services, electronic funds transfers, and other forms of deposits or transfers to your account do not count towards this bonus.
9:53 am
December 12, 2009
Loonie said
PC Financial is CDIC-insured through PC Bank. I didn't know they offered deposit-taking accounts, but I have better offers elsewhere.I don't imagine this rate will hold. Will wait to see where it settles compared to others.
Agreed. It's good to know. For me, it's a nice potential alternative to Neo Financial (whom I refuse to use), but when I can get comparable, or better, offers with EQ Bank, Tangerine, and Scotiabank (through Scotia iTRADE), I'll go there. 🙂
Likely a bait-and-switch offer.
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