2.8% promo interest on new money to Savings, RRSP, TFSA (November 1, 2019 - April 30, 2020) | Simplii Financial | Discussion forum

Existing accounts need to be signed up:

^† The Simplii Financial^TM promotional savings interest rate offer (the “Offer”) is available between November 1, 2019 – April 30, 2020 (the “Offer Period”) to Eligible Savings Accounts and Eligible Registered Savings Accounts (together, “Eligible Accounts”) that meet all of the applicable terms and conditions below. Only primary account holders are eligible for the Offer.

“Eligible Savings Accounts” means a Simplii Financial High Interest Savings Account and/or Savings Account. “Eligible Registered Savings Accounts” means a Simplii Financial Daily Interest RRSP Account and/or RRSP Savings Account, or Tax Free Savings Account.

How to Enrol in the Offer

For Eligible Accounts opened before the Offer Period, to participate in the Offer, the primary account holder must enrol during the Offer Period by (i) accepting the online offer through online banking, (ii) selecting the “accept” button for e-mail offers, or (iii) calling 1-866-747-8128 to complete enrolment.

Eligible Accounts opened during the Offer Period will be automatically enrolled in the Offer.

The Offer

The special annual interest rate of 2.80% is a combination of the regular annual interest rate set by Simplii Financial payable on an Eligible Account (“Regular Interest”), plus a promotional annual interest rate (“Promotional Interest”) that is calculated for the Offer Period on, as applicable, the Additional Balance or New Balance (each as defined below). Any change to the Regular Interest rate will result in a corresponding change to the Promotional Interest rate.

For Eligible Accounts opened before the Offer Period, Promotional Interest is calculated, at the end of the Offer Period, on the portion of the applicable account’s average daily closing balance during the Offer Period that exceeds the closing balance as at October 31, 2019 (the “Additional Balance”), to a maximum Additional Balance amount of $500,000 in each of a primary account holder’s (i) Eligible Savings Accounts, collectively, (ii) Simplii Financial Daily Interest RRSP Account and/or RRSP Savings Account (together “RRSP Accounts”), and (iii) Tax Free Savings Account (“TFSA”). If an Eligible Account is overdrawn as at October 31, 2019, the closing balance is deemed to be $0.00.

For Eligible Accounts opened during the Offer Period, Promotional Interest is calculated, at the end of the Offer Period, on the Eligible Account’s average daily closing balance from the date the Eligible Account is opened to the end of the Offer Period (the “New Balance”), to a maximum New Balance amount of $500,000 in each of a primary account holder’s (i) Eligible Savings Accounts, collectively, (ii) RRSP Accounts, and (iii) TFSA.

Promotional Interest will not be paid on existing funds that were in any Simplii Financial deposit or registered account as at October 31, 2019 and are transferred to an Eligible Account during the Offer Period.
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In the past, it has taken a week or so for the sign in popup to be implemented on their web site. Same with sending out the e-mail with the confirmation button.

Just called, half hour wait on phone - good thing I've got one of those newfangled speaker phone deals, I could continue with my household chores while I waited. I'll wait to get the promised confirming email before I move money in.

Wow, Simplii's email confirmation of the 2.8% rate until April 30/2020 just arrived, less than 15 minutes after I enrolled! Now I gotta catch my breath....

How long before Tangerine launches a new offer?

LOL> As soon as I initiate a transfer from Tangerine to EQ, I log in the site and see this. Going to cancel the transfer to EQ and use this one instead. Thanks for posting it.

Called simplii they said this offer is only good for new money not existing money. So need to find best deal out there now. Any suggestions for hisa account.

money grabber said

Called simplii they said this offer is only good for new money not existing money. So need to find best deal out there now. Any suggestions for hisa account.  

Motive 'Savvy Savings Account' @ 2.80%

Link ➡ https://www.motivefinancial.com/Accounts/SavvySavingsAccount/

Selkirk (a.k.a. Dean)