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Simplii HISA rate change (Sept 2024)
November 3, 2024
4:39 am
usephrase
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Norman1 said
That 3.25% rate for the RBC One-Year Cashable GIC is not publicly displayed.

I see that rate offered when I log into RBC Online Banking and navigate into my GIC account. See my previous post.  

Thank you

November 3, 2024
8:51 am
Norman1
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Norman1 said

Simplii has changed the rate for some tiers of their HISA. Must have happened sometime October 24 to today, November 1:

If your account balance is: Annual
rate
$0.00 to $50,000.00 0.35%
$50,000.01 to $100,000.00 0.75%
$100,000.01 to $500,000.00 0.80%
$500,000.01 to $1,000,000.00 1.45%
$1,000,000.01 and up 3.75%

Effective date of the new rates was Tuesday, October 29.

Regular interest, posted to the Simplii HISA October 30, was for September 26 to October 30, inclusive. Interest, calculated with that effective date for the new rates, is within ½¢ of what Simplii paid.

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