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June 1, 2022
2:30 am
Benjames35
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February 1, 2016
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Regular savings and TFSA now at 1.45%

June 1, 2022
4:04 am
KamWest
Toronto
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December 20, 2019
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Don't care how high they go, or in this case how high they did NOT go, but I won't be depositing money there anymore.

Compared to Hubert the interface is poor, the way to move my money is poor, and the transaction limits are poor.

My entire experience with them was poor, but only after the switch to the new interface. Before that I had no limits and everything worked. After the switch over everything seemed to fall apart for me, especially the fact I was so limited moving funds.

I am talking about significant funds, you may not have experienced what I did but keeping serious money there was extremely limiting.

June 1, 2022
1:24 pm
mechone
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January 28, 2015
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Really still under the bank rate ,I opened with them as the rate was good last fall .They then went to one of the worst ,fool me once shame on you ,fool me twice shame on me . It will never happen again ,same as Alterna Bank ,my guess they want to close

June 1, 2022
1:49 pm
Dean
Valhalla Mountains, British Columbia
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January 12, 2019
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.
CT should stick to tires, tools, & frying pans.

As a 'Bank', they're Way out of their element.

My Two Centavos,

    Dean

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

June 1, 2022
3:45 pm
JohnnyCash
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April 21, 2022
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Dean said
.
CT should stick to tires, tools, & frying pans.

As a 'Bank', they're Way out of their element.

My Two Centavos,

    Dean

  

Their frying pans are way overpriced at the regular price and when marked down on sale, give the appearance of being a bargain, in reality their sale price is significantly more than Walmart's regular price for the same item. So yeah, maybe just tires and tools, even then it's questionable.

June 1, 2022
9:43 pm
AltaRed
BC Interior
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October 27, 2013
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CT has no interest in being a 'real' bank. This is mostly a CC operation. The 5 year GICs fund their "float" (pay 4% on GICs and charge 20% on unpaid balances). The HISA is primarily a balancing mechanism for their "float". There is no reason to 'bank' at CT at all.

For all online operations, one needs to look under the hood at their reason-to-be.

June 2, 2022
4:22 pm
rpotter28
Kingston, ON
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March 8, 2022
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AltaRed said
CT has no interest in being a 'real' bank. This is mostly a CC operation. The 5 year GICs fund their "float" (pay 4% on GICs and charge 20% on unpaid balances). The HISA is primarily a balancing mechanism for their "float". There is no reason to 'bank' at CT at all.

I agree with this, and found that out when I dealt with them. Pretty sure I posted in here about that.

At the time they had a good rate, so knowing then name I jumped in. I then found out their issues, which are several, so I got out!. They are not a real bank, they are a CC operation as pointed out by AltaRed

June 2, 2022
4:24 pm
KamWest
Toronto
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December 20, 2019
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Yup, just like PC financial is now. Stores kinda suck at trying to be banks.

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