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Email this12:14 pm
December 18, 2015
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But the comparison chart does more than just show the interest rates. I find the links very helpful. I've previously used your comparison chart (which I have bookmarked) as a jumping off point for all my savings research. I'd use the links to go to new companies or find out about accounts I might be interested. Now since you're not showing low interest companies, I can no longer use your links either to find out for myself what their interest rate is.
Please reinstate these companies, if for this reason alone.
1:40 pm
August 4, 2010
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Nothing against Peter, and it's his site, but the selection criteria seems to be defeating the whole purpose of a simple list. Even setting aside whether 0.8% is "competitive" or whatever, people can certainly average more that that with Tangerine, albeit moving money back and forth. Leaving them off the list says "Tangerine is of no interest to people interested in the topic of this site (high interest savings)", and that just isn't true. Sacrificing information to some sort of purity test is more the function of an opinionated advisory site, not an informational one.
3:22 pm
October 21, 2013
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Personally, I don't really care whether Tang etc are listed. I rarely use the comparison chart anyway.
However, any newbie who looks at the chart and sees such a low rate is not likely to pursue that institution at all. Everyone else knows to look on the Tang forum, or whichever bank it is, or at the Promos, to find out what the latest complicated scheme is.
If you're going to list Tang at 0.8, then I'd be hard-pressed to think of a reason why you shouldn't list Scotia, with its myriad accounts to sort through.
I think we all agree there should be some criteria, and that they should be enforced. The discussion is over what those criteria should be. Doing this does not make it an "opinionated advisory site".
6:43 pm
September 11, 2013
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Maybe the list can just be the "top 15" or something like that. And maybe there could be two lists, one for federally-covered banks, the other for provincially-covered credit unions. Doesn't matter to me, just throwing out some ideas.
Please write your comments in the forum.