If I had to choose one bank which one would it be? | Page 2 | General financial discussion | Discussion forum

It's good to hear that you may be able to avoid the chequing fee with sufficient deposits. You lose on the interest, of course, when there is some, but still a better deal overall.

You said that you were surprised that PC lowered its interest rate so much. It's pretty much on a par with what all or most of the other financial institutions did around that time, and it's related to the drop in the Bank of Canada rate in late January. If you keep an eye on those announcements in the news, you will be able to anticipate future rate changes much of the time. If the Bank of Canada rate goes down again, which some think it will, then you can anticipate another drop in daily savings rates and some GICs. This is where the cashable GIC can be very useful. If rates go down, you are already locked in so are not negatively affected. If rates go up enough, you can always cash out and reinvest at higher rate at no loss. Win-win - my favourite!

Yes, there's something to be said for being able to go into a financial institution and talk to someone, particularly when you have a business account. And credit unions pride themselves on their community-friendly approach, which I hope proves to be true.

Glad I could help a bit!