7:22 am
January 9, 2011
frencols said
Am I the only idiot (most probably am) who finds this overly complicated? Why such games by a big bank that requires their loyal clients to spend time unnecessarily figuring out? Or am I missing a potentially game-changing deal here?
Both are true, IMO Overly complicated/annoying, and game-changing deal in the context of comparing with a 4 month, ie; under a year GIC rate or HISA. Eg; EQ's 3 month GIC rate is 1.85%, 6 month 2.65%.
" It wouldn't take much for me to up and run, to another life somewhere in the sun. " - Kenny Chesney
11:51 am
February 7, 2019
frencols said
Am I the only "unsmart" idiot (most probably am) who finds this overly complicated? Why such games by a big bank that requires their loyal clients to spend time unnecessarily figuring out? Or am I missing a potentially game-changing deal here?
Not complicated at all.
There is no obligation on your part to sign up...
If you don't like the offer, move on to another...
CGO |
6:46 am
February 7, 2019
For those who think this CIBC eAdvantage Account and the similar BMO Savings Builder Account are too complicated should check out the Scotia Momemtum Plus offer discussed here https://www.highinterestsavings.ca/forum/scotiabank/momentum-plus-savings-promo-until-december-31-2022/ ...
CGO |
8:37 am
June 28, 2020
In terms of simplicity among the Big 5 banks, this CIBC's promo is probably the most flexible with the highest interest rate. You just need to make sure you have to gain a net balance of +$200 for each month (interest doesn't count) to earn the "0.75% Smart Interest".
Oh and the $5 transaction fee which can be avoided if you have an existing CIBC account to transfer funds into.
According to their website, what counts as a transaction:
Debit purchases CIBC withdrawals (including CIBC ATM) Interac e-Transfer transactions Cheques Pre-authorized payments Bill payments
11:59 am
September 30, 2017
3:10 pm
September 30, 2017
12:54 pm
September 30, 2017
10:35 am
December 22, 2022
Ebiv said
You just need to make sure you have to gain a net balance of +$200 for each month (interest doesn't count) to earn the "0.75% Smart Interest".
and if the balance exceeds $200k, do you lose the 0.75% Smart Interest on the $200k, or just on any amount above $200k?
Suppose you were to deposit an initial amount of say $300k into this account. Would you qualify to earn Smart Interest on the first $200k, provided you keep growing the balance by $200 per month?
10:17 am
December 22, 2022
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