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October 23, 2022
8:54 am
COIN
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Any news/speculation on what happens after October 31st (October 21st)?

October 23, 2022
8:56 am
cgouimet
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COIN said
Any news/speculation on what happens after October 31st (October 21st)?  

My bet is they will remain uncompetitive ...

CGO
October 23, 2022
4:39 pm
pooreva
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COIN said
Any news/speculation on what happens after October 31st (October 21st)?  

YES. It comes November 1st.

October 24, 2022
4:50 am
Patch002
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COIN said
Any news/speculation on what happens after October 31st (October 21st)?  

My speculation is that a percentage of depositors will do nothing, but another percentage of depositors will move their $ out to "greener pastures".

SF will monitor the $ moving out and either do nothing, adjust their 0.4% offer, raise the tiers interest or bring back "Promotional Offers". In other words, it's wait and see what depositors do.

(I'm moving $ out for a better return. It's not personal, it's business.)

October 26, 2022
9:40 am
COIN
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Latest missive (missel?) from Simplii. Promo rate ends October 31st.

"We’re reaching out to let you know that the promotional interest rate offer on your Simplii Financial High Interest Savings Account(s) will end on Octo‍ber 3‍1, 20‍22. After this offer ends, the interest rate for these account(s) will be the regular posted rate. As of the date of this letter, the regular posted rate is 0.40% per annum1. For a list of current rates, please visit simplii‍.‍com‍/‍en‍/‍rates‍.‍html."

October 29, 2022
7:18 am
COIN
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COIN said
Latest missive (missel?) from Simplii. Promo rate ends October 31st.

"We’re reaching out to let you know that the promotional interest rate offer on your Simplii Financial High Interest Savings Account(s) will end on Octo‍ber 3‍1, 20‍22. After this offer ends, the interest rate for these account(s) will be the regular posted rate. As of the date of this letter, the regular posted rate is 0.40% per annum1. For a list of current rates, please visit simplii‍.‍com‍/‍en‍/‍rates‍.‍html."  

Anyone seen a new offer from Simplii?

October 29, 2022
6:00 pm
Norman1
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No new offer so far.

Been moving funds out of my Simplii HISA. I suspect Simplii is not interested in retaining my deposits in response to the current offer.

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