Happy Savings account is now 1.85% | Hubert Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





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

sp_Feed Topic RSS sp_TopicIcon
Happy Savings account is now 1.85%
September 14, 2017
6:53 am
Norman1
Member
Members
Forum Posts: 1434
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

Just checked this morning. Hubert Financial has increased the rate on their Happy Savings account to 1.85%.

September 14, 2017
7:54 am
MG
Member
Members
Forum Posts: 49
Member Since:
February 16, 2013
sp_UserOfflineSmall Offline

Thanks for the update Norman. I am somewhat surprised that Hubert did not send out an email to its customers advising of this increase, as is their way. sf-confused

September 14, 2017
8:10 am
Mhooper
Member
Members
Forum Posts: 4
Member Since:
July 31, 2012
sp_UserOfflineSmall Offline

They did, just came in @10:53 EDT

September 14, 2017
8:16 am
MG
Member
Members
Forum Posts: 49
Member Since:
February 16, 2013
sp_UserOfflineSmall Offline

You're right - just got it also!

September 14, 2017
8:49 am
Nehpets
Ontario
Member
Members
Forum Posts: 164
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline

From email received today:

Hello Hubert members,

Great news; rates are going up! Starting today, our happy savings rate is increasing to 1.85% which means more saving for you! Our daily savings rate applies to all our daily savings products including TFSAs, RRSPs, and RRIFs.

The great news doesn’t stop here; we’ve also increased our 12 month quarterly interest term rate to an average rate of 2.05%!

Here’s the breakdown of what you’ll earn each quarter:
• The first three months: 1.90%
• Months four to six: 2.00%
• Months seven to nine: 2.10%
• The last three months: 2.20%

September 14, 2017
11:25 am
Loonie
Member
Members
Forum Posts: 3147
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

So, while the Bank of Canada rate went up 0.5% recently, Hubert is putting its one year rate back to where it was last Spring!sf-frown

September 14, 2017
7:13 pm
moneyhelp
Member
Members
Forum Posts: 107
Member Since:
December 1, 2016
sp_UserOfflineSmall Offline

This is the 3rd rate update in 1-2 months, should we be worried? I mean, it a lot of increase in such a short time.

September 15, 2017
7:55 am
Norman1
Member
Members
Forum Posts: 1434
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

It doesn't seem like a lot of increases from Hubert.

Their previous two rate updates (July 31 and September 8) were for their longer term (2+ year) term deposits.

The latest rate update is just for their Happy Savings account and their cashable 12-month term deposit. Those two were, for some reason, not included in their September 8 update.

I did move lots of my money out of Hubert. It was because I was offered better savings account rates elsewhere.

PC Financial savings account is 2½% until October 31. EQ Bank is 2.3%. RBC eSavings offered 2.15% until December 1. In contrast, Hubert's Happy Savings account was just 1.7%.

September 15, 2017
2:18 pm
moneyhelp
Member
Members
Forum Posts: 107
Member Since:
December 1, 2016
sp_UserOfflineSmall Offline

Norman1 said
It doesn't seem like a lot of increases from Hubert.

Their previous two rate updates (July 31 and September 8) were for their longer term (2+ year) term deposits.

I'm pretty sure the the quarterly 1 year term was also updated on Sept/8th.

Norman1 said
The latest rate update is just for their Happy Savings account and their cashable 12-month term deposit. Those two were, for some reason, not included in their September 8 update.

I did move lots of my money out of Hubert. It was because I was offered better savings account rates elsewhere.

PC Financial savings account is 2½% until October 31. EQ Bank is 2.3%. RBC eSavings offered 2.15% until December 1. In contrast, Hubert's Happy Savings account was just 1.7%.  

Yea, I had my money at Achieva (1.7%) until gotten the Tangerine (2.97%) summer promo offer, but if I don't end up getting a fall promo offer, then I'll likely divert my money to Hubert instead of Achieva as I was originally planning.

September 18, 2017
12:50 am
Loonie
Member
Members
Forum Posts: 3147
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

I'm pretty sure the one-year rate was NOT increased on Sept 8, as I was waiting and watching for it and was disappointed that they didn't increase it earlier.

I am not worried about Hubert particularly. That one-year rate, as I said, is still low considering that it is the same as when the bank rate was .5% lower than it is now. And that increase of .15 on the HISA rate does not come close to the BoC's .5

I don't think they're anywhere close to giving away the farm.
As Norman pointed out, they have had several announcements but each rate has only been adjusted once.

Please write your comments in the forum.