CTFS down to 2.00% (+1.00% for 90 Days) | Canadian Tire | Discussion forum

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CTFS down to 2.00% (+1.00% for 90 Days)  

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UserPost

9:32 am
May 22, 2009


djino

Ottawa (Gatineau, Qc Area)

Member

posts 209

Down to 2.00%

djino

10:01 am
May 22, 2009


Hussain

Guest

Much better than the 1.35% from ING DIRECT

10:20 am
May 22, 2009


Craig

Guest

I'm resisting the urge to transfer my cash there. Their rates will probably drop precipitously once they have enough

  • suckers
  • customers transfer cash to their accounts.

    1:29 pm
    May 22, 2009


    Hussain

    Guest

    A financial services company needs at least 10billion in deposits to realize that rates increase/decrease can affect profit – CTFS is no where near that. ING DIRECT Canada has over 23 billion and that's why you seem them move the quickest on lowering rates — costs lots of money to provide interest to 23 billion

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