As Crosstown Civic CU has Accelerate.................... | Page 2 | General financial discussion | Discussion forum

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As Crosstown Civic CU has Accelerate....................
March 12, 2013
4:32 pm
GS1
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kanaka said
[snip]

Are we talking about SAVINGS ACCOUNTS OR GIC'S?

maxi said in Post 13 of this thread

I had a savings account with SCU several years ago, however, they do not pay daily interest that is paid monthly to the account. It is MONTHLY interest paid annually and it is based on your month end balances. I'd ask a few questions to see if they changed this approach before sending your money.

Looked to me to be SAVINGS ACCOUNTS but I could well be wrong.

Greg

March 12, 2013
4:38 pm
maxi
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Sorry...I meant to say " minimum monthly balance" not the last day of the month. It's been a long day and I was typing quickly. Either way, your monthly interest is calculated on the lowest balance for the month and paid annually with Steinbach Credit Union. It is not the same as a Daily Interest Savings account.

March 13, 2013
1:58 pm
Deb
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Looks like SCU just joined the pack and dropped their rates to 1.80%. That, plus their annual interest rate structure and difficult sign up procedure, is making them much less attractive.

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