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July 17, 2015
8:32 am

taxed

Canada

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Forum Posts: 9

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May 6, 2015

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Heads up everyone, CDF has dropped their high interest to 1.5% as of 7/17.

Wonder if and when the others will follow suit

July 17, 2015
8:49 am

Peter

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Forum Posts: 1449

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May 15, 2007

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Its savings account is down from 1.75% (to 1.50% as taxed noted). Its TFSA is down from 1.75% to 1.60%.

July 17, 2015
10:14 am

Bryan Stro

Kamloops

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Forum Posts: 7

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November 14, 2012

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I can report that, that thus far, People's Trust, Hubert Financial, Maxa Financial, and Achieva Financial have all maintained their rates on 2 year GICs. (In the past, Canadian Direct Financial and Canadian Western Bank have always been hyper quick to lower their rates when the Bank of Canada lowers. It's to be expected.) If there is any good news in this, maybe the Bank of Canada is becoming irrelevant and the market is beginning to set rates.

July 20, 2015
9:47 am

Bear

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Forum Posts: 12

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March 20, 2015

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Outlook Financial savings rate dropped to 1.70%. I wonder who else will follow?

July 20, 2015
11:22 am

james1900

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June 24, 2014

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Everybody will follow, sooner or later. To make depositors richer is never their intention. If paying less but attracting same depositors, they will definitely go this way.

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