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Email this10:28 am
November 18, 2016
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I have banked with Tangerine for many years, with stints at EQ, Manulife, B2B and even good old Zag Bank. When I found out about the laddered one year GIC at Hubert that escalates every 3 months but also gives you the opportunity to pull your money out quarterly, I was very interested. The customer service reps I dealt with were great and very helpful. Hubert will email you every time there is a login to your account, which is a nice feature. And a nice surprise was the fact that the GIC just went up again, so it now ladders from 4.1 - 4.2 - 4.3 - 4.4, so if you don't mind parking your money somewhere for 3 months at a time, you will earn a minimum of 4.1%. That is the best out there that I have seen. And on top of that, 100% of your money is fully insured. And when I linked my account to Tangerine, it was done in one day. Not many other banks have done that for me either.
10:36 am
February 7, 2019
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They are indeed very good.
Don't spread the word too widely though as too many deposits vs their lending business could make them drop their deposit rates ...
Wink wink ...
| CGO |
10:54 am
January 12, 2019
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.
What Cgouimet said ⬆
Let's keep this 'little secret' to ourselves. 
- Dean
" Live Long, Healthy ... And Prosper! "
7:28 am
December 7, 2011
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Sadly, very soon Hubert will be changed, not good changes coming,
not "Happy Savings" anymore.
https://cusuccess.accesscu.ca/frequently-asked-questions?hsLang=en
8:45 am
February 7, 2019
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Winnie said
Sadly, very soon Hubert will be changed, not good changes coming,
not "Happy Savings" anymore.https://cusuccess.accesscu.ca/frequently-asked-questions?hsLang=en
"not good changes"???
| CGO |
8:50 am
April 6, 2013
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After first month under Access CU, Hubert has done well.
Rates on the savings account and term deposits are still good. Only offering that looks like it is on its way out is the US$ savings account that had its rate cut to 0.10%.
9:05 am
February 7, 2019
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Norman1 said
After first month under Access CU, Hubert has done well.Rates on the savings account and term deposits are still good.
Among the best ...
| CGO |
10:12 am
December 7, 2011
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Norman1 said
After first month under Access CU, Hubert has done well.
Decision regarding Hubert and Accelerate will be announced within next 12-14 months.
As far as I understand that whole "merge fun", not good changes awaiting Hubert very soon.
10:16 am
February 7, 2019
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Winnie said
Norman1 said
After first month under Access CU, Hubert has done well.
Decision regarding Hubert and Accelerate will be announced within next 12-14 months.
As far as I understand that whole "merge fun", not good changes awaiting Hubert very soon.
Like what? Or, are you speculating?
| CGO |
10:26 am
October 21, 2013
Online
As soon as they start talking about "efficiencies", which they did during the merger campaign, it's reasonable to imagine the consumer will be the loser in the end. It would be highly unusual if that were not the case.
2:21 pm
April 2, 2018
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Loonie said
it's reasonable to imagine the consumer will be the loser in the end.
If they start doing nonsense don't you think they will lose loyal customers????
Tangerine lost me as customer due to low and lottery interest rates.
Peoples Trust lost me as customer due to low interest rates.
EQ - see above.
2:37 pm
September 11, 2013
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Loyal customers will stay, it's the disloyal ones that will leave to go to higher rate places.
I've never understood their business model, i.e. what lending activity can they be engaged in in small economy Manitoba (my rudimentary understanding is that credit unions make loans locally) that they seek to harvest all these deposits from across the country - ?
6:28 pm
April 6, 2013
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Sunova CU was not that big in Canada. Including from Hubert, it had about $2.2 billion in deposits at the end of 2021.
At the end of 2021, Equitable Bank had $20.6 billion in deposits total. About $7 billion of that $20.6 billion was through EQ Bank.
I don't think Hubert is harvesting too much deposits across Canada for Access CU to lend in Manitoba.
7:56 pm
April 6, 2013
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pooreva said
If they start doing nonsense don't you think they will lose loyal customers????
…
Losing customers who are looking for what they don't intend to provide anymore won't faze them.
That's the question: Who does the merged Access CU intend to serve going forward?
8:59 pm
October 21, 2013
Online
Sunova/Hubert doesn't "seek" to "harvest" funds from across the country. It is illegal for them to advertise out of province, and they don't accept members from QC. I am sure the vast majority of Ontarians never heard of them and would be suspicious if they did as we tend to connect advertising with value and success, consciously or not. That's why advertising exists.
It's interesting, though, that EQ, with massive investments in advertising, is not that much bigger.
10:15 pm
February 7, 2019
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Bill said
Loyal customers will stay, it's the disloyal ones that will leave to go to higher rate places.I've never understood their business model, i.e. what lending activity can they be engaged in in small economy Manitoba (my rudimentary understanding is that credit unions make loans locally) that they seek to harvest all these deposits from across the country - ?
I read somewhere recently that membership in and customers of credit unions vs banks is highest in Manitoba than other province ex Québec with its Caisse Populaire.
| CGO |
5:23 am
April 6, 2013
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Probably Credit Union Central of Manitoba news releases like Manitoba credit unions celebrate milestones in growth and member service (3/25/2022):
More than half of Manitobans turn to credit unions and Caisse Financial Group for financial products, service, and advice — the largest membership per capita of any province outside Québec. In terms of assets, credit union market share in Manitoba is a solid 40 per cent, also among the highest in Canada.
5:59 am
September 7, 2018
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I do have a concern about Manitoba's financial position - high debt and high debt servicing costs. Servicing costs keep increasing as interest rates go up. This could have an effect if some Credit Unions need to be bailed out and DGCM / the govt need to step in.
An article in the Winnipeg Sun in late 2021.....
Provincial debt levels remain a concern, reaching $19.833 billion at the end of the last fiscal year — which the province spent $953 million to service. Manitoba’s net debt to provincial GDP is at a high of 38.5%, up from 33.7% in 2019-20, with the increase due almost entirely to pandemic borrowing.
To help cover some of the losses, the province made a record withdrawal from the rainy day fund of $215 million, which went to financing the bridge grant program.
6:57 am
September 11, 2013
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Thanks for the numbers, Norman1, that doesn't seem excessive given the local economy they operate in. And come to think of it probably hardly anyone outside of its local market, aside from a few dozen folks on here, even knows Hubert exists.
Still, though I've recently purchased some of their one year GICs I wouldn't be comfortable with large amounts there, even though in theory the insurance is unlimited, partly due to the point mentioned by canadian.100 about provincial debt levels and also because I'm not a local. But that's just me.
7:45 am
September 7, 2018
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cgouimet said
I read somewhere recently that membership in and customers of credit unions vs banks is highest in Manitoba than other province ex Québec with its Caisse Populaire.
Membership may be higher @ the credit unions in Manitoba but I would think client deposits and the big bucks are with the banks.
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