2% until August 31, 2012 | Simplii Financial | Discussion forum

I'm already getting 2% so why should I move it to PCF when I know they will pull the rug out in August. They're going to have to do a lot better than that. No thanks.

serge said:

where are you getting 2%

Most everywhere. Just check the Comparison Chart and pick your favourite place.

Don't mix up getting a great rate on your savings and GICs with necessarily free banking. For example, ING & PC have very good no fee banking (as does Cambrian Credit Union & Coast Capital for those that like branches), however both ING & PC have average, at best savings rates. As such, you may want to seperate your longer term savings from day to day banking. I've moved most of my savings to Achieva Financial, they have offered some of the very best rates on savings, RSP & GICs since the late 90s'. You can set-up an electronic transfer process from your bank to direct your savings. Everything is online and ask about their $1 a month credit for e-statements.

Or stay with ING for the convenience, but just know you won't get the best rates. Ohh ya, I'm sure all those long time customers at PC Financial must love the fact that new depositers get a better rate than they do!!!

Is this a 2% bonus on the deposit, or a 2% interest rate on the account?
RetirEd

RetirEd said:

Is this a 2% bonus on the deposit, or a 2% interest rate on the account?
RetirEd

Their interest rate is 1.35% (for over $1000) on the account, but they will top it up by 0.65% to make it 2% total interest. You don't get this bonus added until Aug. 31st when the program is good until, not at the end of each month. In order to get this special bonus rate you also must call them and register for it or you won't get it.