Canadian High Interest Savings Bank Accounts - Forum: Bridgewater Bank

hwyc on Rate change

Wed, 29 Nov 2023 23:34:36 -0800

See now 3.60% (was 3.45%)

hwyc on Rate change

Tue, 21 Feb 2023 21:41:11 -0800

Effective Feb 22, 2023, Smart eSavings rate is 3.45% (was 3.25%)

GR on 1 Yr. Cashable GIC at 4%

Wed, 02 Nov 2022 00:22:09 -0700

1 year GIC cashable after 30 days at 4%. Residents outside Alberta must deal with a broker.

doug on Why I won't use Bridgewater Bank

Sun, 16 Oct 2022 05:50:53 -0700

I cannot, under any current circumstances, support this bank or its products and services, chiefly for the following reasons. Aside from generally uncompetitive deposit rates, there is no online banking system. That's a hard red line for me.

Aside from those things, the chief reason(s) I cannot support this bank is the general attitude of contempt they show their direct banking customers or their indirect member owners (they are a wholly-owned, indirect subsidiary of the Alberta Motor Association). When I asked to see Bridgewater Bank's and the AMA's annual audited financial statements, I was told the latter was not available and the former was only available to AMA members and, to make matters worse, to AMA members who visit their head office in Calgary, during business hours, under careful eye of a senior AMA corporate employee! In general, they seem to act like, and seem to think they are, a state-owned enterprise, when they are not. 🙁

Green Shield Canada has a similar attitude, but at least they've provided their annual financial statements in prior years but just discontinued the practice.

If they really wanted to be good corporate citizens for mutual owned companies, they'd look to provincial credit unions, to the Pacific Blue Cross, or to Wawanesa Mutual Insurance Company, all of whom publicly released their audited financial statements on their websites.

Cheers,
Doug

hwyc on Rate change

Thu, 13 Oct 2022 11:43:37 -0700

As of Oct 13, 2022, Smart eSavings rate is 3.00% (was 2.75%)

Caledondave on Promotional 3.75% Rate at Bridgewater

Tue, 13 Sep 2022 04:40:54 -0700

I just received this juicy offer in my inbox from Bridgewater....

Whether it’s for a special event, a bucket-list vacation, or an emergency fund in an unpredictable economy, your savings are more important than ever.

So, here’s something you can count on: Call us with a $500 deposit (or more, if you like), and we’ll activate an enviable 3.75%* interest rate on your entire Smart eSavings Account™ balance until November 30, 2022.

hwyc on Rate change

Tue, 06 Sep 2022 07:50:20 -0700

As of September 6, 2022, Smart eSavings rate is 2.75% (was 2.60%)

hwyc on Smart eSavings interest rate increase 1.70%

Fri, 22 Jul 2022 07:46:37 -0700

Heh ?

AllanB on Smart eSavings interest rate increase 1.70%

Mon, 13 Jun 2022 13:13:05 -0700

FIs seem to be getting away with low Hisa rates to slow their expense at the same time offering higher 2 3yr rates knowing investors won't bite as they wait for more rate increases. 6mths a year goes by they grinding down gic investors overall return. Central bank helpin them out by movin rates up slow.

JohnnyCash on Smart eSavings interest rate increase 1.70%

Mon, 13 Jun 2022 11:42:09 -0700

For those that bank with Bridgewater, can't be too many, the rate as June 14 is 1.70%. I only stumbled upon it as I was looking at the HISA chart and was curious about the bank.

https://bridgewaterbank.ca/sav.....-features/

GR on GIC Rates Up

Mon, 14 Mar 2022 03:32:40 -0700

Loonie said
The page referenced says "Complete the short form below and a deposit broker from our external preferred partner will be in touch within 1 business day to discuss your investment options."
Does anyone know who that deposit broker is?

I think all the deposit brokers deal with Bridgewater, but, if one needs to buy through a broker/agent, higher rates are available from other issuers.

Loonie on GIC Rates Up

Mon, 14 Mar 2022 02:42:07 -0700

The page referenced says "Complete the short form below and a deposit broker from our external preferred partner will be in touch within 1 business day to discuss your investment options."
Does anyone know who that deposit broker is?

GR on GIC Rates Up

Mon, 14 Mar 2022 00:56:49 -0700

New GIC rates include 2.55% for 1 yr., 2.90% for 2 yrs. and 3.10% for 5 yrs.

https://bridgewaterbank.ca/inv.....-features/

hwyc on GIC Rates Up

Sun, 06 Mar 2022 02:59:08 -0800

Here's another thawing.

1-year 18-mths 2-years 3-years 4-years 5-years
2.11% 2.16% 2.39% 2.69% 2.78% 2.91%

... won't be long before everybody to offer 2% or above for a 1-yr term

hwyc on GIC Rates Up

Fri, 10 Sep 2021 03:12:49 -0700

Rates changed again … 5yr up to 2.25% at the expense of shorter term rates