AcceleRate Savings UP -- 2.20% (Sept 14, 2010) | Page 2 | AcceleRate Financial | Discussion forum

Thanks Kanaka, I like that the CU in bc are backed provincially now, maybe that is why many question the Manitoba CU's, because the provincial governmentin Manitiba does not back them. Thanks for posting the review on the Manitoba CU guarantee, Lately I have preferred dealing with the Manitoba credit unions than any other institution, so any positive news about them gives me peace of mind.

I saw Maxa'a redemption rules, not great, but I was thinking at least they have one just in case I need the money for something else. Their 5 year is at 3.6 and the 6 year is at 3.75, I have to get a five year to complete my ladder this year, so it is looking attractive right now.

Good advice on the TFSA's, my husband and I have both been buying them but do not have a ladder in place for them yet. Our financial plans seem similar,we are believers in protecting our capital, the stock market and mutual funds didn't work for us, saving our money has been the best investment of all!

I will do some research on Outlook, you mentioned they have a redemption policy too. Coincidence, BMO called me today because I have a rrsp maturity coming up in 10 days, I told them it is already in a transfer process to Accelerate Financial, she said, may I ask why you are transferring out of BMO? They just don't get it do they? Haha

Funny you should say that "saving our money has been the best investment of all" as it's exactly the same thing with us too. Living within your means and just plain old saving everything you can has worked wonders. Our stocks have done nothing (well, in fact, they are down about 25% right now), RRSP has returned 10% over 12 years and our savings "return rate" over 2 years has been 60%. Goes to show you make more money buy avoiding a casino (stock market) and going straight to the bank (deposit).

Well, it really depends on which decade we're talking about, doesn't it? The decade following the tech crash in the late 1990s has been a "lost decade" for sure in terms of stock returns. Anyone who put a pile of money into the stock market during the late 1990s and early 2000s is definitely not a happy camper these days if they held onto their positions since then. If that same person had put a pile of money into the markets in the late 1980s and early 1990s though, that's a whole different story. You just got into the market at the wrong time. Don't feel bad though, it's not possible to time the markets no matter what anyone says.

p.s. Not sure what you mean by savings "return rate" and the 60% figure. I like everyone else am getting a return rate of around 2% on my high interest savings acocunt cash...

I have an account with accelerate and I am so haapy:smile:
with the service and rates