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Email this5:06 pm
February 14, 2014
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It seems that Hubert quietly lowered their rates this afternoon from 1.8 to 1.75. I don't follow GIC rates, so I don't know if they've changed as well.
11:20 pm
October 21, 2013
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Oh, joy. This puts them on a par with Oaken. Accelerate may not be far behind.
They are always quiet about it -something I don't like about them.
7:22 am
February 24, 2015
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when I signed in yesterday after your post, it still showed 1.8. This morning it showed 1.75%, and just now I got an email from Hubert with the change. GIC no change.
9:06 am
July 10, 2011
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Got this this morning..
__
Good morning,
Hubert’s savings rate will be changing to 1.75% as of December 18, 2015.
The change will affect our High Interest Savings, TFSA, and RRSP accounts. If your funds are locked into one of our great term rates, like our Tickled Pink tax free terms, you can sit back and relax; your rates won’t be affected by this change!
If you have any questions please give us a call or send us an email. We can be reached by phone at 1-855-4HUBERT (1-855-448-2378) or by email at hubert@happysavings.ca. We're happy to help!
Thank you, and happy holidays!
Hubert
10:17 am
February 14, 2014
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After I posted the change here, I later accessed their mobile web page from my phone (for the first time) and it still showed 1.8%! Before I could post that here, the email came out announcing the drop to 1.75. The mobile page now shows 1.75.
11:15 am
December 23, 2011
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I checked yesterday based on ricksbank first entry and it showed 1.75. I received the email this morning. You would think the email should have been first and would say the rate change is effective tomorrow....similar to what Oaken does?
12:31 pm
February 24, 2015
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kanaka, that would be ideal but I think Oaken is the only one that warns ahead of time. I likely will be moving money there from Tangerine because of this feature.
1:20 pm
December 23, 2011
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2of3aintbad said
kanaka, that would be ideal but I think Oaken is the only one that warns ahead of time. I likely will be moving money there from Tangerine because of this feature.
For Hubert it would make sense to send a note out after closing hours and update their website after closing hours. I guess my point is why send a note when some of us already saw the change on their website? They could have accomplished more of a personal touch than putting the cart ahead of the horse.
And from what I see here is BNS has destroyed ING/TANG.
1:31 pm
October 21, 2013
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I don't think BNS has destroyed Tang. My average rate at Tang over 2015 in savings has been north of 2.6, much better than Hubert.
What's with lowering the rate when there has been no lowering at BofC? FIs are always keen to blame BofC when the rate does down normally? I'm going to reduce my account at Hubert because this makes me nervous. There was no explanation in that email as to why they did this. As "members", I think we're entitled to a clear explanation when rates go down. I still like their 1yr GIC, but think it should be at a bit higher rate.
1:33 pm
February 24, 2015
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right on, kanaka. I wonder how much Tangerine is spending on people answering the phone when clients call in to beg for the latest promotion.
1:35 pm
December 23, 2011
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Loonie said
I don't think BNS has destroyed Tang. My average rate at Tang over 2015 in savings has been north of 2.6, much better than Hubert.
What's with lowering the rate when there has been no lowering at BofC? FIs are always keen to blame BofC when the rate does down normally? I'm going to reduce my account at Hubert because this makes me nervous. There was no explanation in that email as to why they did this. As "members", I think we're entitled to a clear explanation when rates go down. I still like their 1yr GIC, but think it should be at a bit higher rate.
Re Hubert and others....I always give my head a shake and ask why I do a 5 yr GIC at 2.5 vs the 1.8 savings account. Is the .7 spread worth locking in for 5 years? So now 1.75 looks better for the spread! 
Ps. I remain....I won't deal with an offshoot (or a an institution powered by) of a big 5 like Tang or PC.
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