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Email this7:15 pm
April 6, 2013
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dougjp said
To clarify, those getting the 2.3% or 2% get that, or slightly less?
Those on the Simplii 2% offer are still getting 2%:
The Offer
The special annual interest rate of 2.00% is a combination of the regular annual interest rate set by Simplii Financial payable on an Eligible Account balance (“Regular Interest”), plus the promotional annual interest rate (“Promotional Interest”) …. Any change to the Regular Interest rate will result in a corresponding change to the Promotional Interest rate so that the overall special annual interest rate of 2.00% will remain the same during the Offer Period.
…
8:56 pm
January 31, 2020
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Would there be somewhere on this site where we could automatically keep track of Simplii's savings rate and savings rate changes?
I know Simplii doesn't have a regular high interest savings rate, but they do have regular high interest savings promos every year and the date of the base rate changes really help when calculating whether the monthly interest being paid is correct or not. Waiting until the bonus payout date half a year later is a bit late.
Thoughts?
4:21 am
January 9, 2011
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Norman1 said
dougjp said
To clarify, those getting the 2.3% or 2% get that, or slightly less?
Those on the Simplii 2% offer are still getting 2%:
The Offer
The special annual interest rate of 2.00% is a combination of the regular annual interest rate set by Simplii Financial payable on an Eligible Account balance (“Regular Interest”), plus the promotional annual interest rate (“Promotional Interest”) …. Any change to the Regular Interest rate will result in a corresponding change to the Promotional Interest rate so that the overall special annual interest rate of 2.00% will remain the same during the Offer Period.
…
Thanks. I eventually managed to find my 2.3% confirmation which also states " The Offer
The special annual interest rate of 2.30% is a combination of the regular annual interest rate set by Simplii Financial payable on an Eligible Account balance (“Regular Interest”), plus the promotional annual interest rate (“Promotional Interest”) that is calculated at the end of the Offer Period on the Additional Balance as defined below. Any change to the Regular Interest rate will result in a corresponding change to the Promotional Interest rate so that the overall special annual interest rate of 2.30% will remain the same during the Offer Period. "
"Keep your stick on the ice. Remember, I'm pulling for you. We're all in this together." - Red Green
6:23 am
November 6, 2018
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topgun said
OTR Sorry I do not know what this means? Please explain.
I have the same question. What is the meaning of "OTR" in the heading of this discussion?
8:23 pm
January 31, 2020
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OTR = On The Record/Off The Record?
9:53 am
April 6, 2013
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hwyc said
Checking today & rate is 0.10% on Simplii website
... I think this happen after Tangerine's drop
... pretty sure it's 0.15% before
…
Checked the interest I received on November 30 for October 31 to November 29.
Interest calculated with these rates is within ¼¢ of what I received:
| Rate | Period |
| 0.20% | 31-Oct to 01-Nov |
| 0.15% | 02-Nov to 16-Nov |
| 0.10% | 17-Nov to 29-Nov |
12:48 pm
January 31, 2020
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Norman1 said
hwyc said
Checking today & rate is 0.10% on Simplii website
... I think this happen after Tangerine's drop
... pretty sure it's 0.15% before
…Checked the interest I received on November 30 for October 31 to November 29.
Interest calculated with these rates is within ¼¢ of what I received:
Rate Period 0.20% 31-Oct to 01-Nov 0.15% 02-Nov to 16-Nov 0.10% 17-Nov to 29-Nov
This is so helpful thanks.
I wish this site could automatically keep track of Simplii's base rates with one of its scripts.
6:15 pm
April 2, 2018
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FC said
I wish this site could automatically keep track of Simplii's base rates with one of its scripts.
Why? Simpli is NOT High Interest Rate FI same as Tangerine is not either. Promotional rates once in a blue moon cannot be considered.
8:55 pm
January 31, 2020
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pooreva said
Why? Simpli is NOT High Interest Rate FI same as Tangerine is not either. Promotional rates once in a blue moon cannot be considered.
I know Simplii doesn't have a regular high interest savings rate, but they do have regular high interest savings promos every year and the date of the base rate changes really help when calculating whether the monthly interest being paid is correct or not. Waiting until the bonus payout date half a year later is a bit late.
7:28 am
March 15, 2019
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Did anyone get an email circa December 8, 2020 from Simplii offering 2% HISA?
8:30 am
April 6, 2013
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Yes, the e-mail is another mention of their 2% on new money (Oct 1, 2020 - Mar 31, 2021) offer that hwyc reported.
10:48 am
September 6, 2020
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I found the offer.
https://www.simplii.com/en/special-offers/no-fee-chequing-account.html
I signed on to online banking. I have a savings account with them. I qualify. The trouble is I have limited funds available to tie up for 3 1/2 months. Simplii is offering a very good deal. They are a good FI. If you have funds JUST DO IT.
Have a Great Day
11:29 am
April 6, 2013
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There's no requirement to leave the new funds in the HISA until March 31, 2021.
If one leaves the funds there for a month, one will receive 2% on the new funds for the month the funds were there.
11:51 am
September 6, 2020
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Norman1 said
There's no requirement to leave the new funds in the HISA until March 31, 2021.If one leaves the funds there for a month, one will receive 2% on the new funds for the month the funds were there.
So how much do you have to deposit in Simplii for the month to make the 2% worthwhile? I get 1.2% currently on my HISA. At end of March the funds go back to my HISA.
Have a Great Day
2:16 pm
April 6, 2013
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The extra 0.8% per annum is not very interesting with $100:
$100 x 0.8% x 1 / 12 = $0.07 extra per month.
With $10,000, it is more interesting:
$10,000 x 0.8% x 1 / 12 = $6.67 extra per month
Definitely worthwhile for $100,000:
$100,000 x 0.8% x 1 / 12 = $66.67 extra per month
3:35 pm
September 6, 2020
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Norman1 said
The extra 0.8% per annum is not very interesting with $100:$100 x 0.8% x 1 / 12 = $0.07 extra per month.
With $10,000, it is more interesting:
$10,000 x 0.8% x 1 / 12 = $6.67 extra per month
Definitely worthwhile for $100,000:
$100,000 x 0.8% x 1 / 12 = $66.67 extra per month
Thank you very much for the realistic numbers. I could do about $10,000. My HISA paying 1.2% is allowed 1 debit per month without additional fees. Simplii does not count transactions. At Simplii transfer from savings to checking one day. The next day do whatever you want with the funds in checking. The links were setup years ago so I know it will work properly.
Have a Great Day
5:02 pm
April 6, 2013
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One can now transfer funds immediately out of the Simplii HISA. 
That next-day transfer-out restriction was removed sometime after the rebranding from PC Financial to Simplii Financial.
5:28 pm
March 15, 2019
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Norman1 said
Yes, the e-mail is another mention of their 2% on new money (Oct 1, 2020 - Mar 31, 2021) offer that hwyc reported.
Oh darn, so it's the same 2% promo from October 1st. That didn't make sense for me because the "old money" would only earn 0.20% (now 0.10%). So, I took all my money out of Simplii.
BTW: Is Simplii offering any good rates for TFSA and/or RRSP?
3:29 pm
September 30, 2017
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This is like clockwork. Simplii's HISA is seen 0.40% now (ain't so a day or two ago)
4:31 am
September 30, 2017
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Annual rate (If your account balance is)
0.40% ($0.00 to $50,000.00)
0.40% ($50,000.01 to $100,000.00)
0.40% ($100,000.01 to $500,000.00)
1.00% ($500,000.01 to $1,000,000.00)
2.00% ($1,000,000.01 and up)
Since we don't cover Simplii on the chart, let's keep this thread rate informational & leave personal comments elsewhere ? Much appreciated.
Please write your comments in the forum.