Accelerate Savings Rate Increase | Page 2 | AcceleRate Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Accelerate Savings Rate Increase
February 5, 2023
10:40 am
Canadianbull
Member
Members
Forum Posts: 389
Member Since:
December 26, 2018
sp_UserOfflineSmall Offline

Thanks, I would like to know about the experience of the people with these guys. Good or bad.
I am very disappointed with wealthone's after the conversation I had with their CS. I have secured 5% with Meridian for another 20 days.
Does anyone hoping to see another 5years at %5.30 soon?

February 5, 2023
5:46 pm
Loonie
Member
Members
Forum Posts: 9232
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

You do realize that Accelerate is now the same CU as Hubert, yes? They are both online divisions of Access CU.
At some point Accelerate and Hubert will probably merge.

February 5, 2023
6:03 pm
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 1913
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline

.
What Lonnie said (Post # 22).

I'm guessing Access CU will fold AcceleRate Financial into the much better Hubert Financial, and AcceleRate will be no-more.

As for timing ... look for it to happen later this year, or early next.

My Two Centavos,

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

February 5, 2023
10:16 pm
Canadianbull
Member
Members
Forum Posts: 389
Member Since:
December 26, 2018
sp_UserOfflineSmall Offline

I would assume that merger should be welcome by their members? I am thinking to buy a gic 5% for 7 years for my tfsa account.

February 5, 2023
10:46 pm
Loonie
Member
Members
Forum Posts: 9232
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

Time will tell how beneficial it is. I voted against the merger but others are more optimistic. Sometimes (usually, in my experience) larger means worse!

If they maintain both the tiered one year GIC from Hubert and the longer-than-five-years from Accelerate, we should benefit, but it will depend on rates and quality of service being maintained at the level of Hubert. So far, at least, they seem to be moving cautiously.

I don't envision a problem for you with your seven year GIC, but you should assume that by the end of that term Accelerate Financial may be a different entity which includes Hubert and maybe others. Access has been aggressively courting smaller CUs to get them to join, so we don't really know what it will look like by 2030. You should expect though that your GIC will be honoured.

February 6, 2023
8:59 am
Canadianbull
Member
Members
Forum Posts: 389
Member Since:
December 26, 2018
sp_UserOfflineSmall Offline

Why wouldn't they honor me sf-cool?
May be they want to become one of the biggest institute in Canada like Meridian?

February 6, 2023
10:52 am
Loonie
Member
Members
Forum Posts: 9232
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

They WILL honour it, as I said. I only mentioned it because some people are afraid that they may lose a GIC if there are administrative changes.

February 6, 2023
1:36 pm
Canadianbull
Member
Members
Forum Posts: 389
Member Since:
December 26, 2018
sp_UserOfflineSmall Offline

How long do I need to wait after filling out the application before they send me the log in information? @loonie

February 6, 2023
2:19 pm
Loonie
Member
Members
Forum Posts: 9232
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

Sorry; I don't know. I don't belong to Accelerate, and it's years since I joined Hubert. I would expect it to be timely.

February 8, 2023
6:47 pm
Canadianbull
Member
Members
Forum Posts: 389
Member Since:
December 26, 2018
sp_UserOfflineSmall Offline

Still waiting for the confirmation email. I might call them tomorrow morning.

February 9, 2023
2:12 pm
TommyT
Member
Banned
Forum Posts: 127
Member Since:
March 18, 2021
sp_UserOfflineSmall Offline

Canadianbull said
I would assume that merger should be welcome by their members? I am thinking to buy a gic 5% for 7 years for my tfsa account.  

The Canadian CPI for January comes out February 21st which will boost interest rates. Month over much will be a lot higher and in American month over month marginally higher. I don't know if it will lead to any increases in GIC rates or not?

February 11, 2023
7:45 am
Canadianbull
Member
Members
Forum Posts: 389
Member Since:
December 26, 2018
sp_UserOfflineSmall Offline

Still waiting for the log in information. There has been e-mails going back and forth but I and accelerate but no progress on my end. I'm sure there has been some progress on their end. I hope soon I receive the log in information. I have made my mind to go with these guys unless someone offer better rate. I'm very disappointed with W1.

February 16, 2023
7:08 pm
Canadianbull
Member
Members
Forum Posts: 389
Member Since:
December 26, 2018
sp_UserOfflineSmall Offline

Not so impressive regarding opening account. Apply on about 10 days ago, by now the account is still not opened. I have not phoned yet, I have sent 3 emails no response!

February 21, 2023
1:41 am
Canadianbull
Member
Members
Forum Posts: 389
Member Since:
December 26, 2018
sp_UserOfflineSmall Offline

Finally received a
Package in mail today.

February 21, 2023
9:04 am
Rail Baron
Member
Members
Forum Posts: 266
Member Since:
November 3, 2022
sp_UserOfflineSmall Offline

Canadianbull said
Finally received a
Package in mail today.  

What was in this package?

February 21, 2023
9:16 am
Loonie
Member
Members
Forum Posts: 9232
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

I find that snail mail from Selkirk MB [Hubert] is generally slow, and can take up to two weeks, to Toronto. But perhaps this is coming from Wpg and is a bit faster?

February 21, 2023
4:07 pm
Canadianbull
Member
Members
Forum Posts: 389
Member Since:
December 26, 2018
sp_UserOfflineSmall Offline

It's about 10 days window from wpg to ab. The letter was issued on 13th and I received it on 20th.

March 4, 2023
2:41 pm
Canadianbull
Member
Members
Forum Posts: 389
Member Since:
December 26, 2018
sp_UserOfflineSmall Offline

Rail Baron said

What was in this package?  

Information about the log in information. 12 cheques inside a very nice leather cover. 2 GIC applications.

March 4, 2023
2:43 pm
Canadianbull
Member
Members
Forum Posts: 389
Member Since:
December 26, 2018
sp_UserOfflineSmall Offline

Loonie said
I find that snail mail from Selkirk MB [Hubert] is generally slow, and can take up to two weeks, to Toronto. But perhaps this is coming from Wpg and is a bit faster?  

So far, my experience with these guys is amazing! Superb CS. Their App/Site is much better compared to Hubert.

March 7, 2023
1:14 pm
higrader
Newbie
Members
Forum Posts: 2
Member Since:
December 12, 2022
sp_UserOfflineSmall Offline

Just logged off a Chat session. NO response after 10min!

No permission to create posts

Please write your comments in the forum.