10:07 am
August 7, 2015
I phoned PC Financial to see why I had not received the promo interest from the last campaign (turns out I misunderstood the terms), But Brandon told me there was a new campaign. From my confirmation email:
Get ready to watch your savings grow. You're now earning 2.5% interest* until December 31, 2015 on new deposits into any of these accounts:
• Interest Plus™ savings account
• no fee bank account
• Interest Plus™ RRSP
• Tax-Free Interest Plus™ account
Offer Period: August 5, 2015 to December 31, 2015. To participate in the Offer, an eligible account holder must enrol between August 5, 2015 and September 30, 2015. Other accounts may be eligible for this offer. Ask for details.
The offer applies to all net new deposits made between August 5, 2015 and September 30, 2015, to eligible accounts, not to exceed (i) $500,000 in the aggregate, across all of an account holder´s Eligible Accounts, and (ii) the aggregate net new deposits to eligible accounts made between August 5, 2015 and September 30, 2015.
The Non Registered promotional interest rate of 2.5% (the "Promotional Rate") is a combination of the regular annual interest rate on an eligible account (President´s Choice Financial no fee bank account, Interest Plus™ savings account and/or Interest First® savings account), which is calculated on its full daily closing balance and paid monthly, plus promotional interest calculated during the offer period. The Promotional Rate will be calculated during the offer period on the portion of aggregate average daily closing balances across all of a primary account holder´s eligible accounts that exceeds the aggregate closing balance across the primary account holder´s aggregate eligible account(s), if any, on August 4, 2015. Promotional interest will be paid in January 2016 into a single eligible account held by a primary account holder. Rates may change at any time. Offer is non-transferable, cannot be combined with other promotional rate offers, and may be changed or cancelled at any time.
The Registered promotional interest rate of 2.5% (the "Registered Promotional Rate") is a combination of the current annual interest rate on an eligible account plus promotional interest calculated during the offer period. For each eligible account (President´s Choice Financial The World´s Best Registered Retirement Savings Plan (RRSP), Interest Plus™ RRSP and/or Tax-Free Interest Plus™ savings account), the Registered Promotional Rate will be calculated on the portion of the eligible account´s average daily closing balance during the offer period that exceeds the closing balance as at August 4, 2015. The Promotional interest will be paid in January 2016 to the account holder´s eligible account(s). If an account holder has multiple eligible accounts, the promotional interest for each eligible account will be paid separately into such eligible account.
Other conditions and restrictions apply. Click here for detailed Terms and Conditions, visit a pavilion, or call 1 888 723 8881 for the full terms and conditions of this offer. For more information, including current rates, visit http://www.pcfinancial.ca, speak to a representative at a President´s Choice Financial pavilion or call 1 888 723 8881.
3:52 pm
May 28, 2013
11:09 pm
October 21, 2013
9:29 am
June 24, 2014
5:51 pm
October 21, 2013
As I read it, the account must be open in January 2016 in order to receive the promo interest, but I don't think you are obliged to leave all the money in the account for the entire time if a better deal comes along or if you choose to remove the money in order to make way for the next promotion from PCF (which might apply only to "new" money, as does this one).
Dos anyone disagree with this interpretation?
7:01 pm
September 11, 2013
9:45 am
August 7, 2015
9:01 am
October 27, 2013
Actually, the way promos have traditionally worked at PC Financial (in non-registered accounts at least) is on new money only (new deposits to PC Financial). It is likely a new promo will be announced on/before January 12th and it will be based on new deposits based on Dec 30 or Dec 31 balances. Hence you would have had to remove your money from PCF before Dec 30th in order for that same money to qualify for any new promo.
I moved all my money out on Dec 29th in anticipation of a new promo sometime in the next 2 weeks. You will know of the new promo either by email (if you are on their email list) or when you log on to your PCF account.
11:40 am
September 11, 2013
AtlaRed, I moved my dough out too, but I wouldn't be surprised if PC changes its promo approach - if they're even going to play the promo game with non-registered accounts any more. I signed in to PC today and noticed no messages, nor do I have any mail messages, but it's still the long holiday weekend.
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