Canadian High Interest Savings Bank Accounts - Forum: General comparisons

hwyc on YNCU credit union 4.5 percent 4 months offer

Sat, 04 Jul 2026 00:27:05 -0700

YNCU ranked 25 by asset size on the Largest 100 Credit Unions (CCUA) dated September 2024. In comparison, WFCU (Omnia Direct) ranked 21 on the same report.

... unfortunately I can no longer found the same latest report on unrestricted side of CCUA

Moneyman2 on YNCU credit union 4.5 percent 4 months offer

Fri, 03 Jul 2026 23:08:14 -0700

Everything went as seamless as possible. Omnia transfered my $$ like I has asked from my HISA to a transfer account on July 2nd after interest was paid. YNCU pulled the $$ from Omnia on July 3rd and purchased the 4.5% 4 month GIC for me. No problems. I had the transfer account at YNCU set up about a week earlier and funded the $5 membership fee. I couldn't be happier with how everything turned out. Omnia never charged anything. Previous message was asking if you needed to leave I believe $500 because the 4 month rate at Omnia expired on July 21st and I was taking early. It wasn't a GIC and I could have taken my $$ whenever I wanted. YNCU is now a GIC and locked in and I can't remove until Nov 2nd.
Thanks Stingray for the headsup on this. I owe you a coffee ☕️

Norman1 on How Millions of Americans Got Tricked Into Using a Bank That Isn't a Bank (documentary)

Sun, 28 Jun 2026 12:30:10 -0700

Wealthsimple is already there. That look into the Wealthsimple Cash account and mention of the Synapse collapse was in December 2024.

Kasper665 on How Millions of Americans Got Tricked Into Using a Bank That Isn't a Bank (documentary)

Sun, 28 Jun 2026 02:40:46 -0700

So like where Wealthsimple is going?

Norman1 on How Millions of Americans Got Tricked Into Using a Bank That Isn't a Bank (documentary)

Fri, 26 Jun 2026 05:36:48 -0700

That's because their account was an account at a fintech and didn't actually have any FDIC insurance coverage.

Doesn't matter what the fintech claims they were going to do with the funds people sent to it instead of to a FDIC member.

InterestThis on How Millions of Americans Got Tricked Into Using a Bank That Isn't a Bank (documentary)

Thu, 25 Jun 2026 15:29:24 -0700

Yes some others recovered funds as well, like $1.78 etc.

Norman1 on How Millions of Americans Got Tricked Into Using a Bank That Isn't a Bank (documentary)

Wed, 24 Jun 2026 13:07:42 -0700

That's the Synapse collapse we discussed earlier.

It's not true that the FDIC-insured savings vanished. The Synpase bankruptcy trustee did find $500 of one woman's savings perfectly safe in a FDIC-insured account. Unfortunately, that's only $500 of the $282,153.87 she transferred into her Synapse-based account that the fintech Synpase owed her.

InterestThis on How Millions of Americans Got Tricked Into Using a Bank That Isn't a Bank (documentary)

Wed, 24 Jun 2026 12:03:35 -0700

Very interesting doc on how some American's got robbed by some Fintech HISA's going bankrupt. Wonder if there are any Canadian fintech's which operate in a similar manner?

How Millions of Americans Got Tricked Into Using a Bank That Isn't a Bank (documentary)

Jun 23, 2026
$100 million went missing from an online bank.
"Neobanks" promise higher rates and lower fees, but they exist in a regulatory black box created by Andreessen, Thiel, Musk and more.
We investigated an online bank where thousands of Americans' FDIC-insured savings vanished.

Nehpets on Brokerage investment savings accounts

Wed, 24 Jun 2026 09:02:26 -0700

AltaRed said

Correction! BMT124/129/134. Didn't spot the error until now.

Thanks! Noted for future reference.

Stephen

AltaRed on Brokerage investment savings accounts

Wed, 24 Jun 2026 04:06:37 -0700

AltaRed said
The USD versions of BMO's ISAs/HISAs are BMT125/129/134 and current rate is 3.15%. They are only available through BMO Investorline best I can tell. I use BMT124 in my BMO IL account.

BMT121 is something else entirely.

Correction! BMT124/129/134. Didn't spot the error until now.

Nehpets on Brokerage investment savings accounts

Wed, 24 Jun 2026 00:35:26 -0700

Norman1 said
The six BMO brokerage ISA's are listed under
Trade ▶ HISAs, GICs & Bonds
....... These are the terms and conditions of their Canadian and US ISA's:
BMO High Interest Savings Account
BMO US Dollar High Interest Savings Account

Got it, thanks. I was able to access and download the document though I am not a client (yet).

Thanks for the information, Norman!

Regards,

Stephen

Nehpets on Brokerage investment savings accounts

Wed, 24 Jun 2026 00:32:56 -0700

AltaRed said
The USD versions of BMO's ISAs/HISAs are BMT125/129/134 and current rate is 3.15%. They are only available through BMO Investorline best I can tell. I use BMT124 in my BMO IL account.

BMT121 is something else entirely.

Thank you for clarifying my misunderstanding, AltaRed! I am considering moving holdings from TD Web Broker to BMO Investorline for consolidation purposes and am working on understanding the similarities and differences between the two platforms to ensure BMO meets my needs.

I would have been surprised if what I thought about BMT121 compared to TDB8152 was correct, so your information keeps me on track!

Regards,

Stephen

Norman1 on Brokerage investment savings accounts

Tue, 23 Jun 2026 13:42:16 -0700

The six BMO brokerage ISA's are listed under

Trade ▶ HISAs, GICs & Bonds

after one signs into the BMO InvestorLine web site. These are the terms and conditions of their Canadian and US ISA's:

BMO High Interest Savings Account
BMO US Dollar High Interest Savings Account

AltaRed on Brokerage investment savings accounts

Tue, 23 Jun 2026 06:27:06 -0700

The USD versions of BMO's ISAs/HISAs are BMT125/129/134 and current rate is 3.15%. They are only available through BMO Investorline best I can tell. I use BMT124 in my BMO IL account.

BMT121 is something else entirely.

Nehpets on Brokerage investment savings accounts

Tue, 23 Jun 2026 03:15:34 -0700

Am I correct that the the BMO Investorline equivalent of TDB 8152 (USD) is BMT121, and that BMT121 current rate is 2.35% as opposed to TDB152 at 3.15%?

Historically in the CDN versions of the two ISA's BMO BMT104 has paid a higher rate than TDB8150.

Stephen