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Email this9:48 am
March 30, 2017
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mustang said
My own view-- based on personal experience:
It makes absolutely no difference, if you accept, decline, or just ignore an offer-- i.e., as to if/when you would receive another offer in the future
(However, you can pretty much rely that you will not get another offer until this one is expired-- at minimum)
I am with you but at the same time, if you don't plan to use it, don't accept. There is no upside accepting 🙂
10:14 am
September 7, 2018
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savemoresaveoften said
mustang said
My own view-- based on personal experience:
It makes absolutely no difference, if you accept, decline, or just ignore an offer-- i.e., as to if/when you would receive another offer in the future
(However, you can pretty much rely that you will not get another offer until this one is expired-- at minimum)I am with you but at the same time, if one dont plan to use it, dont accept. There is no upside accepting 🙂
Actually there is no downside accepting the offer.
12:28 pm
December 7, 2011
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Nothing for me this time.
12:43 pm
May 28, 2013
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My last promo ended Feb 28; no new promo offer for me yet.
Anyway, I moved moneys over to the offer I got from BMO at 4.95% til May 15. Much better.
8:05 pm
August 30, 2023
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Norman1 said
zgic said
… So will I earn interest only on the extra amount if I keep above 5k?
That's correct. The top-up to 3.75% is only paid on the parts of the closing balances that exceed the February 28 closing balance:
- Promotional Interest [3.75% minus regular interest rate] is calculated daily on each day's closing balance that exceeds the closing balance as at February 28, 2025 (the “Additional Balance”) beginning on the enrolment date until the end of the Offer Period [June 30, 2025 11:59 PM UTC];
Thanks Norman1. I was not sure of getting a next offer so soon from Simplii. I guess I have to empty the account before the end date of the offer.
5:01 am
March 30, 2017
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canadian.100 said
I am with you but at the same time, if one dont plan to use it, dont accept. There is no upside accepting 🙂
Actually there is no downside accepting the offer.
There is downside IF they do rotate offers around different customers for new rounds of promotion. We just don't know their algo in determining who gets what and when. But if there is another better offer like in this specific instance (Manulife), there is zero upside to accept in my mind.
2:10 pm
December 7, 2011
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Today I was "awarded" with 2.25%.
Amazing, thanks Simplii!
3:03 pm
January 2, 2025
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No one has mentioned that there is a $500K cap of deposits on this offer, if that matters. Most such offers are good up to $1 million. Simplii is clawing back.
10:12 am
October 27, 2018
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ddsdude said
No one has mentioned that there is a $500K cap of deposits on this offer, if that matters. Most such offers are good up to $1 million. Simplii is clawing back.
Perhaps you received different terms & conditions, but the t&c I received stated:
The maximum Additional Balance that is eligible for Promotional Interest is $1,000,000 per
Eligible HISA.
4:25 am
May 21, 2016
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savemoresaveoften said
Personal experience plus I wont post unless its fact check 🙂
I had an account, decided to close it last month due to inactivity. Then this offer pops up. Since I still have my customer profile. I logged in, then select open advantage account thru the promo page, and it shows promo rate etc.
Others have also reported that even it you have an active account, u just have to open another one and it qualifies !
Keep in month 4months promo period start the same day u open the account. So plan accordingly.
Currently there is no savings account promotion from Manulife unless it's targeted. Typically they have promotions listed on the website.
8:12 am
October 22, 2015
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2.25% as well. Pfffft
3:22 am
January 1, 2018
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I just received the '3.50% till June 30th' promo offer, which is interesting, given the timing ... 2 weeks AFTER the Mar 5th start date !
Fortunately (I guess) that I had transferred out all funds from the prior, and much better, 5.25% promo, Feb 26th/27th, I can now bring them back.
Given my TDDI ISA just dropped to 2.30%, and might go lower, I decided the extra interest is worth pursuing, even though it will be l.t. $1,000;
and then there's the principal of the thing, by not giving TD my cash for 2.30%. 😉
9:18 am
November 18, 2017
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Jim Sherat: Though there's a possible pun in your use of "principal" (main or base) instead of "principal" (moral or logical tenet), it's semantically wrong. 🙂
RetirEd
6:16 am
January 1, 2018
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Life has taught me that sometimes it's just best to hit the *IGNORE* button.
(this is one of those times).
9:51 am
March 28, 2025
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I'm kinda floored now that the Offer back in October from Simpli was 6.25% that just ended this 2nd week of March 2025 and new business is now being offered half of that. I also looked into CIBC which offered a 5% but my inital experience as a new customer was pretty rough thus i dropped them a few weeks in
My pivot was to then hop over to BMO which at the time offered 5% (now 4.8%) along with the $450&$200 new account offers with balances of 4k min checking & 10k savings + direct deposit setup and a few bill payments made. Once BMO's promo ends in July i believe it will be time to pack up and move to the next 5% or better offer.
i can't be the only one hopping from promo to promo every 5 months which which for some super savers could net you a few thousand in taxable interest income
1:52 pm
January 23, 2013
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What is "new money" based on? Is it based on combined - chequing and saving - accounts? Or only on saving account?
2:19 am
January 1, 2018
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Dennis - it's based on the total in ALL non-registered accounts.
So if you had $10K in a HISA and $3K in a chequing Acct. [after Feb 27th], and you added another $20K, to Savings, you would only earn the 3.5% on the diff. ie $7K
5:29 am
January 23, 2013
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Jim Sherat said
Dennis - it's based on the total in ALL non-registered accounts.
So if you had $10K in a HISA and $3K in a chequing Acct. [after Feb 27th], and you added another $20K, to Savings, you would only earn the 3.5% on the diff. ie $7K
Thank you.
11:17 am
April 6, 2013
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The Promotional 3¾% Savings Rate Offer for Existing HISAs (2025/03/04 - 2025/06/30) is based only on the closing balances of the eligible Simplii HISA.
Balances in other accounts, like a Simplii chequing account, don't matter. Funds can also be tranferred to the eligible HISA from another Simplii account and be eligible.
11:28 am
January 23, 2013
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Norman1 said
The Promotional 3¾% Savings Rate Offer for Existing HISAs (2025/03/04 - 2025/06/30) is based only on the closing balances of the eligible Simplii HISA.Balances in other accounts, like a Simplii chequing account, don't matter. Funds can also be tranferred to the eligible HISA from another Simplii account and be eligible.
Thanks. It is very good news as I had most of money in chequing account waiting to be pulled but it moved a few days later.
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