PC Interest Plus back up to 2.55% | Simplii Financial | Discussion forum

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PC Interest Plus back up to 2.55%
February 6, 2009
8:19 am
djino
Ottawa (Gatineau, Qc Area)
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PC Interest Plus 2.75% => 2.25% => 2.55%.

djino

February 6, 2009
10:00 am
Mike
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Interesting! I guess by going so low in interest rate many people (like us) pulled their money from PCF.

I know I did and moved it to HSBC.

Will it come back? Maybe, in time... They will have to do better than 2.55% though to get my business back.

Mike

February 6, 2009
10:57 am
jeremywong
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I'm not confident that PCF can maintain a TFSA rate that's better than their Interest Plus rate. The TFSA rate for balance up to $1000 can drop to 1%. Besides, PCF doesn't have good GIC rates--a disadvantage should you wish to buy a GIC inside your TFSA.

February 6, 2009
2:25 pm
Craig
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This is the first time I've seen an abrupt about-face like that from one of the online banks. Just goes to show that cash is king in the current economic climate.

February 7, 2009
6:07 pm
phrank
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We pulled our money out when they went crazy low. The might be .05% higher than ING now, but we'll keep our money there for now. I think CIBC is getting way too greedy with PCF and I think eventually we will stop all our business with CIBC and PCF.

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