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8:19 am
February 6, 2009
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djino
| | Ottawa (Gatineau, Qc Area) | |
| Member | posts 215 | |
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PC Interest Plus 2.75% => 2.25% => 2.55%.
djino
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10:00 am
February 6, 2009
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Mike
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Interesting! I guess by going so low in interest rate many people (like us) pulled their money from PCF.
I know I did and moved it to HSBC.
Will it come back? Maybe, in time… They will have to do better than 2.55% though to get my business back.
Mike
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10:57 am
February 6, 2009
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jeremywong
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I'm not confident that PCF can maintain a TFSA rate that's better than their Interest Plus rate. The TFSA rate for balance up to $1000 can drop to 1%. Besides, PCF doesn't have good GIC rates–a disadvantage should you wish to buy a GIC inside your TFSA.
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2:25 pm
February 6, 2009
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Craig
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This is the first time I've seen an abrupt about-face like that from one of the online banks. Just goes to show that cash is king in the current economic climate.
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6:07 pm
February 7, 2009
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voodoo22
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| Member | posts 12 | |
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We pulled our money out when they went crazy low. The might be .05% higher than ING now, but we'll keep our money there for now. I think CIBC is getting way too greedy with PCF and I think eventually we will stop all our business with CIBC and PCF.
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