2018 10 01 Svgs Rate Promo Ends | Wealth One Bank of Canada | Discussion forum

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2018 10 01 Svgs Rate Promo Ends
October 1, 2018
5:08 am
Nehpets
Ontario
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The promo savings rate that started on June 26 ended yesterday on September 30, 2018.

Current W1 Savings rate is 2.30%

w11001.JPG

October 1, 2018
9:34 am
Vatox
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2.3%. That is a surprise! I figured 2.0%. We will see if it holds. EQ may raise now to gain the top and of course there is a strong position for a boc rate hike on the 24th.

October 1, 2018
3:51 pm
Loonie
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It's interesting that they are favouring the non-registered accounts so significantly. I would anticipate a promo for Registered in January.

WealthOne has the edge over EQ now, IMO, because they offer joint accounts.

Yes, it looks all but inevitable that there will be a rate hike later this month (Dec 05 at latest). I'm holding off on GICs until that shakes out.

October 1, 2018
11:11 pm
Vatox
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Yes, and W1 also has the TFSA that EQ doesn't. EQ needs to add more account types.

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