New services chart | General comparisons | Discussion forum

With ING - if you look at their web site (click on ING on the Comparison chart) there is a page with all the fees. There are fees if you are using ABM withdrawals outside of the ING Exchange Network.

Good suggestion. I'd also like to see the "services chart" cleaned up a bit, to remove some of the excess, under-utilized information (it's the most "cluttered" of the various charts) and, to increase the timeliness of its information, how about converting it to a Google Docs spreadsheet with assigned contributors/managers and then embedding it on the site (like the "free chequing" chart)?

Cheers,
Doug

Not sure I like the "teaser" rate column...I hate those things and can't fathom why people take advantage of these - especially in "registered" accounts where you are somewhat tied-in!

Cheers,
Doug

Teaser rates are something I ignore -- unless there is an easy way in and out. Nine months ago BMO was offering a $350 premium payment for $10,000 deposited into a new HISA and left there for 9 months. My wife and I both opened accounts and that made the effective interest rate something like 5.9%. The first half payment was paid 4 or so months ago and the second one is due by April 30th.

The money was able to be moved out February 28th and I am waiting till my Implicity account gets opened to move it there.

Greg

Doug said

kanaka said
ummm. I was not thinking that way of WANTING a teaser rate. I was thinking if a CU or Bank had offered teasers in the past to mention that they have done so and what Month/Year they did. Build some history ... it would be a way of ELIMINATING who you may want to deal with. As it appears to me that it is mainly Hubert, and any of the other House Name banks backed by one of the major banks like PC, CANADIAN TIRE, ETC. that have offered teasers.

Does that not make sense to track?

hey kanaka,

Oh, okay, I misread what you were after.

Two things: I'm fine with potentially tracking "promotional, limited-time bonus offers" as "teaser rates". However, in Hubert's case, they've never offered "teaser rates". What Hubert has a track record of doing (and now Achieva Financial) is hiking and lowering rates on a whim with no regard to market conditions and their competitors. That's something different, albeit a similar business practice with the same net result as "teaser rates", that I think we should call "rate stability score" (a proprietary ranking assigned by the site/chart administrator(s) whereby 10 is a perfect score and 0 is the lowest in terms of maintaining rates and only adjusting as the market/competitive forces dictate.

Second: The "comparison chart" does track the regular rate history already. Click on the "rate" question mark ("?") to view.

Cheers,
Doug

Hi Doug.
I realize the rates are posted. Call it teaser, promotional or changed on a whim. If there was some standard to gauge that type of rates that shows some one offered an outstanding rate to gain customers or what ever and then change them in 2-6 months while the others did not make any changes .... those institutions should be acknowledged as having unreliable rates. I realize this is not a simple task and needs a standard of measure. This could be too complicated to be bothered with.....just an idea.

I just like to point out that there seem small error in Bill Payment.

Achieva Financial has Fee of 0.5$
Canadian Direct Financial provide 1 free withdraw per month including Bill Payment.

And one suggestion:
I find it is a little hard to see what the bank is. Is there way to make header stays as Excel? If not, maybe good idea to repeat the header in some interval.