SAVEN is actually at or near the top of the chart | Saven Financial | Discussion forum

By now it's no secret that I have chosen SAVEN to be my SAVINGS vehicle.

Let me clarify... I use them only for funds I have sitting in longer term savings. I keep accounts at other institutions for daily banking and regular savings.

That said SAVEN consistently gives me 4 month rates that are at the highest on the charts. Currently my 4 month term matured at 5% and am about to lock in for 4 more months at 3.75% which is still among the very highest on the chart. The highest I can find on the 1 year GIC chart is 3.7%.

Since I have been using the 4 month term on a consistent basis I almost compare it to the old Quarterly Hubert GIC that I loved so much. We know Huberts days are numbered as a top contender so I have chosen SAVEN to be my new fave.

I no longer have to keep moving funds from institution to institution, I just sign up for a 4 month term and I get the best rate.

The only thing that sucks is it takes a week to get your money out and you can only push and not pull. Considering I have taken that into consideration on 4 month terms I have come to be at peace with it. The nice rate makes up for any inconvenience.

So if you don't need super quick access to your cash and only want to tie it up for 4 months at the absolute top rate then I will whole heartily recommend saven for you.

PS. There are no push limits, you can push out a hundred or a million, it works on the same time frame.