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Accelerate Savings Rate Increase
March 4, 2022
6:53 am
vermont
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From 1.25 to 1.4 as of March 4, 2022.

March 4, 2022
7:40 am
Peter
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Thanks for sharing! I wonder whether Hubert Financial's rate will increase to 1.40% soon, since Hubert Financial and AcceleRate Financial are merging.

March 4, 2022
9:03 am
BlueSky
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Peter said
Thanks for sharing! I wonder whether Hubert Financial's rate will increase to 1.40% soon, since Hubert Financial and AcceleRate Financial are merging.  

Also, AcceleRate is available for Quebec residents—Hubert is not. I wonder what will be the outcome for Quebec residents.

March 26, 2022
4:05 am
AlainJF
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While current 1.4% rate of AcceleRate Financial is not bad, their registration process seems to be complicated (download a form, print it, mail it, etc...).

Am I missing something ? Is there a modern/online registration process available for AcceleRate Financial ?

April 3, 2022
11:26 am
AlainJF
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AlainJF said
While current 1.4% rate of AcceleRate Financial is not bad, their registration process seems to be complicated (download a form, print it, mail it, etc...).

Am I missing something ? Is there a modern/online registration process available for AcceleRate Financial ?  

Strange that the FI with the highest rate on the HISA chart does not appear to get any attention.

Am I missing something ? Hum ?

April 3, 2022
12:02 pm
Loonie
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It's not actually the highest rate on the chart - exceeded by Wyth and Saven. It's also exceeded by the 2% promo rate at DUCA CU (Ontario) which is not on the chart, and is equalled by the rate at popular Hubert with which it is merging. In addition, a lot of people like the Hubert one year GIC which is cashable and the EQ 2% 3 month GIC as alternatives. The favourite right now is probably the Tangerine deal at 2.8 if you were targeted for it.

Perhaps some of these are not available to you or you prefer not to deal with them, but i think that's where most of the interest is these days - pun intended.sf-smile

I think the chart is of limited usefulness as it doesn't include the promos, which are almost always available somewhere and create the most traffic. I seldom look at it myself.

April 3, 2022
12:24 pm
AlainJF
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Loonie said
It's not actually the highest rate on the chart - exceeded by Wyth and Saven. It's also exceeded by the 2% promo rate at DUCA CU (Ontario) which is not on the chart, and is equalled by the rate at popular Hubert with which it is merging. In addition, a lot of people like the Hubert one year GIC which is cashable and the EQ 2% 3 month GIC as alternatives. The favourite right now is probably the Tangerine deal at 2.8 if you were targeted for it.

Perhaps some of these are not available to you or you prefer not to deal with them, but i think that's where most of the interest is these days - pun intended.sf-smile

I think the chart is of limited usefulness as it doesn't include the promos, which are almost always available somewhere and create the most traffic. I seldom look at it myself.  

Thanks for the answer ! I am already on some Promos (not the Tang unfortunately), but when the Promos end, I want to have a place to move the funds in case I need to. This is what I did not do with Tang, and now, I am stuck with a non-competitive Promo there.

My initial question was on the AcceleRate Financial initial registration process, which seems to be from another time in the past, unless I am missing something "online" (?). Am I missing something or the process is really manual ? (download a form, print it, mail it, etc...).

April 4, 2022
7:08 am
BlueSky
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Loonie said
It's not actually the highest rate on the chart - exceeded by Wyth and Saven. It's also exceeded by the 2% promo rate at DUCA CU (Ontario) which is not on the chart, and is equalled by the rate at popular Hubert with which it is merging. In addition, a lot of people like the Hubert one year GIC which is cashable and the EQ 2% 3 month GIC as alternatives.   

Gees, don't you love to be part of a "distinct society" in Canada, even when it comes to FIs and GICs...?! sf-frown

April 4, 2022
12:58 pm
pooreva
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Peter said
Thanks for sharing! I wonder whether Hubert Financial's rate will increase to 1.40% soon, since Hubert Financial and AcceleRate Financial are merging.  

But Hubert daily IS 4%?!?
I believe it was for a while...

April 5, 2022
12:51 am
cgouimet
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pooreva said

But Hubert daily IS 4%?!?
I believe it was for a while...  

It's been a long time since we've seen 4% but it has been 1.4% since about Mar 8, or about the same time as Accelerate ...

CGO
April 9, 2022
6:47 am
John J
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Accelerate doesn't have a way to link to external accounts (like Hubert or others) to move larger sums of money in/out?! Wire transfer and bank drafts are a hassle and aren't justified by an extra 0.05-0.10% interest. And I wasn't able to link a bank payment from my everyday acct.

Is there a way?

April 9, 2022
10:07 am
Loonie
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As far as I know, Accelerate will provide cheques that you can use against your savings acccount if you ask - or at least they used to.

June 7, 2022
8:00 am
hwyc
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Rates effective June 6, 2022

AcceleRate High-Interest Savings 2.05%
Tax-Free Savings Account (TFSA)
Registered Retirement Savings Plans (RRSPs)
Registered Retirement Income Funds (RRIFs)

September 22, 2022
5:08 am
hwyc
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Rates effective Sept 19, 2022

AcceleRate High-Interest Savings 2.85% (was 2.60%)
Tax-Free Savings Account (TFSA)
Registered Retirement Savings Plans (RRSPs)
Registered Retirement Income Funds (RRIFs)

September 22, 2022
8:53 am
cgouimet
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hwyc said
Rates effective Sept 19, 2022

AcceleRate High-Interest Savings 2.85% (was 2.60%)
Tax-Free Savings Account (TFSA)
Registered Retirement Savings Plans (RRSPs)
Registered Retirement Income Funds (RRIFs)
  

Yes. It's been 2.85% since Sep 19, in sync with Hubert. For some reason, it has yet to be reflected at https://www.highinterestsavings.ca/chart/ ...

CGO
September 22, 2022
12:45 pm
cgouimet
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cgouimet said

Yes. It's been 2.85% since Sep 19, in sync with Hubert. For some reason, it has yet to be reflected at https://www.highinterestsavings.ca/chart/ ...  

But is now...

CGO
November 4, 2022
7:13 am
hwyc
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Rates effective Nov 4, 2022

AcceleRate High-Interest Savings 3.00% (was 2.85%)
Tax-Free Savings Account (TFSA)
Registered Retirement Savings Plans (RRSPs)
Registered Retirement Income Funds (RRIFs)

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