Canadian Tire Bank HISA rate falls to 1.55% | Page 2 | Canadian Tire | 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
Canadian Tire Bank HISA rate falls to 1.55%
April 13, 2021
2:34 pm
leigh
Newbie
Members
Forum Posts: 2
Member Since:
November 5, 2009
sp_UserOfflineSmall Offline

CTFS just emailed me saying:-

"We’ve changed the interest rate applicable to your High Interest Savings Account. Your interest rate is now 1.75% per annum. That includes any savings already in your account and any new deposits you make."

Not sure why this is different.

Checking my accounts, that is the HISA rate they're paying me at the moment but the TFSA is down to 1.55% as already stated here.

April 13, 2021
3:32 pm
Londonguy
Member
Members
Forum Posts: 533
Member Since:
May 27, 2016
sp_UserOfflineSmall Offline

leigh said
CTFS just emailed me saying:-

"We’ve changed the interest rate applicable to your High Interest Savings Account. Your interest rate is now 1.75% per annum. That includes any savings already in your account and any new deposits you make."

Not sure why this is different.

Checking my accounts, that is the HISA rate they're paying me at the moment but the TFSA is down to 1.55% as already stated here.  

If you signed up before last September and had a valid Canadian Tire credit card in good standing, you would have qualified for the VIP program in place at the time which awards an additional 0.20% in bonus interest each month. The VIP program is now long gone, but the bonus entitlement remains.

That's what I qualified for as well, so it's 1.55 + 0.20 = 1.75%

April 13, 2021
5:46 pm
Alexandra
British Columbia
Member
Members
Forum Posts: 192
Member Since:
September 24, 2019
sp_UserOfflineSmall Offline

Wow Leigh and London....good for you!! Nice to see some customer appreciation from a bank. I signed up in December and don't have (or want) a Canadian Tire Credit Card so no deal for mesf-confused I'm really glad for you though. Nice to hear some positive stories.

April 13, 2021
7:39 pm
leigh
Newbie
Members
Forum Posts: 2
Member Since:
November 5, 2009
sp_UserOfflineSmall Offline

The CT Triangle Mastercard is actually worth having if you shop much there. It gives you 4% back on practically all store purchases and 5 cents off each litre of gas, plus some other cash back benefits that I don't use.

April 15, 2021
7:04 am
pwr1019
Member
Members
Forum Posts: 16
Member Since:
October 7, 2019
sp_UserOfflineSmall Offline

MG said

@pwr1019, actually Canadian Tire is now at 1.55%  

If you have a Canadian Tire Mastercard they give a preferred interest rate which was just lowered from 2% to 1.75%. Since its a no fee MC that includes perks like a free Gold Roadside Assistance membership its worthwhile getting IMHO.

April 15, 2021
7:19 am
MG
Member
Members
Forum Posts: 148
Member Since:
February 16, 2013
sp_UserOfflineSmall Offline

pwr1019 said

If you have a Canadian Tire Mastercard they give a preferred interest rate which was just lowered from 2% to 1.75%.   

Thanks for the info. Sounds like a good deal to me, especially if you don't carry a balance!

April 15, 2021
8:11 am
Londonguy
Member
Members
Forum Posts: 533
Member Since:
May 27, 2016
sp_UserOfflineSmall Offline

Let's not be spreading false hope here. The 0.20% HISA bonus interest program is long gone. You had to be enrolled in it by September 30th of 2020, over 6 months ago.

Also, CT credit cards have no annual fee, but it is only the World Elite version of the CT Triangle MasterCard that comes with free Road Side Assistance. To qualify for the World Elite card you need to have a minimum personal income of $80,000, and that's not a CT requirement. The minimum income level is set by MasterCard itself for all World Elite versions of their cards

April 15, 2021
10:47 am
Norman1
Member
Members
Forum Posts: 3984
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

Another requirement is that World Elite MasterCards need a $15,000 minimum annual spend to keep.

Not sure if that minimum spend from MasterCard Canada is for all the Canadian World Elite cards or just for the no annual fee ones. However, the CT Triangle World Elite card is a no annual fee card.

PC Financial has been applying that minimum spend to their World Elite cards. Rogers Bank has as well. It is likely there will be an announcement from Canadian Tire Bank too this year.

April 15, 2021
12:11 pm
Bill
Member
Members
Forum Posts: 2368
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline

Took me a while to figure out how to get monthly statements: sign on, choose Account Activity, pick monthly, pick Advanced Options, under Format you'll see the download options. Might save somebody some time.

April 15, 2021
9:02 pm
smayer97
Member
Members
Forum Posts: 331
Member Since:
September 29, 2017
sp_UserOfflineSmall Offline

Note that the CDN Tire WE Mastercard is no longer being offered, only the basic MC.

April 18, 2021
1:18 pm
rodeworthy
Member
Members
Forum Posts: 84
Member Since:
February 1, 2016
sp_UserOfflineSmall Offline

Bill said
Took me a while to figure out how to get monthly statements: sign on, choose Account Activity, pick monthly, pick Advanced Options, under Format you'll see the download options. Might save somebody some time.  

Interesting tip Bill. I had been there before but forgot how I got there sf-laugh!

I expanded on your tip and found it useful to use the calendar selection to give me a complete printout of my accounts since inception (Sept/20) which was useful to me. YMMV.

Thanks for sharing.

April 18, 2021
3:46 pm
pwr1019
Member
Members
Forum Posts: 16
Member Since:
October 7, 2019
sp_UserOfflineSmall Offline

smayer97 said
Note that the CDN Tire WE Mastercard is no longer being offered, only the basic MC.  

Not sure that is true the web-site still has the WE Mastercard option

https://triangle.canadiantire.ca/en/credit-cards/triangle-world-elite-mastercard.html

Norman1 said
Another requirement is that World Elite MasterCards need a $15,000 minimum annual spend to keep. It is likely there will be an announcement from Canadian Tire Bank too this year.  

They updated terms and condition just this month and I can confirm there is currently no such requirement. Perhaps it will be announced as you suspect one day in the future.

Still a good no fee card in my books. Not even mentioning the fact I get 1% back paying my kids tuition or my property taxes via their banking app.

April 19, 2021
7:20 am
Peter
Admin
Forum Posts: 1209
Member Since:
May 15, 2007
sp_UserOfflineSmall Offline

Further discussion about paying tax, utility, and insurance bills with Canadian Tire credit cards has been split into a separate thread.

April 19, 2021
2:31 pm
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 610
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline

Norman1 said

gta_905 said
Rate dropped to 1.55% please be aware.

Thanks. I think that news deserves its own topic.  

And less than two weeks later, CT Bank is HISA 'Leader-Of-The-Pack' Again ❗

sf-laugh What a chuckle https://www.highinterestsavings.ca/chart/

Note: Neo doesn't have a TFSA.

    Dean

sf-cool " Live Long And Prosper " sf-cool

April 19, 2021
3:35 pm
gta_905
Member
Members
Forum Posts: 10
Member Since:
November 20, 2018
sp_UserOfflineSmall Offline

Wouldn't have predicted that honestly, however at this point I guess take what you can get.

April 19, 2021
3:57 pm
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 610
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline

Dean said

And less than two weeks later, CT Bank is HISA 'Leader-Of-The-Pack'
Again ❗

sf-laugh What a chuckle https://www.highinterestsavings.ca/chart/

Note: Neo doesn't have a TFSA.

    Dean

  

gta_905 said

Wouldn't have predicted that honestly, however at this point I guess take what you can get.  

Yes ... the pickens have become so slim now. sf-confused

If this trend continues, we'll soon be better off
keeping our money in an old . . .

Sad,

    Dean

sf-cool " Live Long And Prosper " sf-cool

No permission to create posts

Please write your comments in the forum.