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Steinbach Credit Union Savings Rates
May 1, 2019
5:33 am
Top It Up
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The following rates are effective as of May 1, 2019 and are subject to change without notice.

Savings Rates

All deposits are guaranteed 100% by the Deposit Guarantee Corporation of Manitoba. Applies to Canadian deposits only. Some restrictions may apply. These rates were last updated on March 7, 2019.

Account Balance Consumer Interest Rate

Regular Savings less than $100,000 - 2.60%
Regular Savings $100,000 - $250,000 - 2.70%
Regular Savings more than $250,000 - 2.90%

TFSA - 2.85%

Monthly Savings - 1.70%

PLAN 24 Account - 1.20%

FAT CAT Account (5-12) on 1st $1,000 - 4.20%
FAT CAT Account (5-12) more than $1,001 - 2.65%

Checking - 0.05%

https://www.scu.mb.ca/rates

October 15, 2019
1:44 pm
Loonie
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Steinbach's savings rates are down today from what they were last week. I believe they are all down at least 5 bps but you would need to compare to whatever records you may have from earlier to be certain of details. (I deleted mine.)
Top tier savings rate is now 2.80; TFSA rate is 2.75

October 15, 2019
5:06 pm
Doug
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They are listed in the "profile" pages, but their HISA has not been added to the main "comparison chart" due to their abnormal interest calculation and payment method (calculated daily on the lowest balance in a given month), compounded monthly, and paid annually in November). Access Credit Union and Rosenort Credit Union have similar calculation and payment methodologies.

I would, however, support the trio being added to the "GIC comparison chart" and, for the latter two, for them each to have a profile page and an FI discussion forum.

Also, with Peter, thankfully, re-adding ICICI Bank Canada to the "GIC comparison chart," I think its HISA and/or TFSA should be re-added to the "comparison chart" as it's been at 1.60% for 6 months now and is fully 0.10% above that of Canadian Tire Bank. Niverville Credit Union, paying 2.00%, should also be added to both charts, have a forum, and a profile page.

Alternatively, make the new minimum 1.75-2.00% for inclusion in the main "comparison chart" and drop Canadian Tire Bank.

Cheers,
Doug

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