Interest rate holding at 3.5% | Citizens Bank | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Interest rate holding at 3.5%
April 23, 2008
9:55 am
Simon
Guest
Guests
Go to Top
1sp_Permalink sp_Print

With the interest-rate cut announced yesterday by the Bank of Canada I expected Citizen's Bank to drop the rate on their Ultimate Savings Account, but so far it's holding steady at 3.5%:

https://www.citizensbank.ca/Personal/HistoricalRates/

Wonder how long it'll stay that way. Anyone remember how they reacted last time the interest rate dropped?

April 24, 2008
12:44 pm
Peter
Admin
Forum Posts: 1490
Member Since:
May 15, 2007
sp_UserOfflineSmall Offline
sp_UserWebsite
Go to Top
2sp_Permalink sp_Print

Yes, so far all of the major accounts have kept their rate steady. I imagine it's only a matter of time before they drop slightly.

May 20, 2008
5:07 pm
Lee
Guest
Guests
Go to Top
3sp_Permalink sp_Print

Hello Peter,
I've just discovered this discussion column. My investment is currently HSBC Direct but they've dropped to 3.0%, while Citizens seems to be holding at 3.5%. Is the latter likely to fall in line with the others or has it already dropped?
Thanks,
Lee

May 20, 2008
5:09 pm
Peter
Admin
Forum Posts: 1490
Member Since:
May 15, 2007
sp_UserOfflineSmall Offline
sp_UserWebsite
Go to Top
4sp_Permalink sp_Print

Unfortunately I have no inside scoop for the Citizens rate. I am quite surprised that it has held steady!

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.