Canadian High Interest Savings Bank Accounts

Hi, I had a terrible experience also with trying to open a business account with ICICI. It sort of worked in the end many months later, but I had lost all confidence at that point. Try Coast Capital Savings credit union – their business savings gives 1% (hard to believe we consider that high interest right now!) and deposit insurance in credit unions is unlimited.

FYI:

I had the brilliant (I thought so) idea of linking my personal PCF chequing account to my business account at ING. Since I own the business, I could then pay myself by direct transfer to my personal account – sort of direct deposit without the setup.

ING Business accounts have a "one and only one external link" restriction on them. since I need the link from my everyday business account (ING is my EI fund of sorts) I can't do this. Too bad.

Just info for anyone else out there. Seems weird since I can (and do) have multiple links to my personal ING account.

Robert