For frequent transactions, I would recommend another FI (Motive,WS,etc). The increased spread on the quarterly rates further discourages early redemption, which diminishes its value compared to competing GIC's.

However, it is hard to beat their great rate on a GIC that can be cashed in anytime for unexpected expenses. So my short term (<1yr) financial cushion stays happy at Hubert, renewing on its own, and me signing in to Access to check it every so often.

Yatti420 said
If you want to use the bank EFT system you will still need to call  

You can also use their secured online chat.

Yatti420 said If you want to use the bank EFT system you will still need to call

A quick note that EFT request can be made without calling, by filling out the appropriate forms available here : https://happysavings.ca/forms-.....greements/

It is still a manual process on their end, but it certainly is faster than having to call. Recurring transfer can be set up the same way. You need to have the external bank account linked beforehand (the link form is on the same page).

rhvic said
Hubert Financial is one of Manitoba’s happiest sites for online savings. With some of the best deposit rates around; a simple, convenient online application process

I would take this as a one month notice to look at other options and move your money elsewhere while it is easy to do so. Since Hubert's integration into Access I would not say it is "one of Manitoba’s happiest sites for online savings". They might advertise "a simple, convenient online application process" but you have to phone in to move any funds (other than small e-transfers) or to invest/redeem any GIC's. I used to love Hubert when it was under Sunova's leadership, but it is in my opinion subpar to other online savings options now.

Looks like this integration weekend also applies to all of us who already integrated as well.

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Ideal Savings is becoming Hubert Financial

In order to streamline services for our members, effective June 10, 2024, Ideal Savings members will become Hubert Financial members.

Hubert Financial is one of Manitoba’s happiest sites for online savings. With some of the best deposit rates around; a simple, convenient online application process; and no transaction fees, you’ll be smiling in no time as you watch your savings grow. And grow. And grow! Visit happysavings.ca to learn more about what Hubert Financial is offering Ideal Savings members.

Delivering competitive rates and products to our members remains a key priority, as well as passing on the best savings possible. With this change, members will now experience:

No service fees! Members will enjoy no fees so they can focus on watching their savings grow.
Access to additional products like Quarterly Redeemable GICs, as well as RRSP and RRIF registered products.
Extended service hours to provide our members with exceptional service and support.

To make this transition for members, certain changes will come into effect on June 10, 2024:

Members will onboard to Access Credit Union’s online banking platform.
Bill payment transactions will be discontinued effective June 10, 2024.
Rate guarantees are offered for registered transfers up to 45 days.
Renewing term investments will have a 14-day grace period after renewal to make modifications to an existing term.
When terms are up for renewal, you will receive email notifications 30 days prior to maturity.

Service Outage

To complete this transition, we will be completing our database integration from Friday, June 7 – Monday, June 10. During this time, members will lose access to online and mobile banking. It is recommended to complete all urgent online banking transactions prior to Friday, June 7.
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No mention of Ideal Savings accounts, Hubert, or whatever will be the equivalent platform/accounts. In the details, Access savings accounts have severe limitations on numbers of free withdraws per month and some other fees. Various types of savings accounts and no mention of rates at all.

My TFSA was closed and only a tiny balance remains in my savings in order to keep it active for the transition in case it becomes worthwhile to use it, so it doesn't really affect me one way or the other.

everhopeful said
Ideal savings will be around for a while yet... according to the merger website, their integration date has not been set yet. Its kind of a toss up decision, keeping them on the list would be a helpful reference for existing account holders, but deleting them now would prevent new sign-ups that will most likely convert to Hubert/Access in a year or less.  

Yes. Their banking system is identical to the Crosstown Civic and Noventis, which were integrated into the Access system well over a year ago. Thus, I do not expect integration to take that long. I suspect integration will occur between January 1 and April 1.

Cheers,
Doug

I asked Ideal Savings about this. Their response:

[...] thank you for notice about the rate difference, right now the rate is 3.6% so our website is incorrect, we were aware of it and are working to rectify the issue.

Carpathia credit union has recently agreed to merge in to Access credit union.

My guess is that they have changed the rate to 3.6% to match Hubert (which was the online division of Sunova credit union, which merged into Access as well). Most likely they will fold the accounts into Hubert like they did with Accelerate (which was the online division of Crosstown Civic credit union, which merged... see a trend here? )

If you wait until their integration in 2024, they will most likely fold the accounts into Hubert like they just did with Accelerate clients. And so far, Hubert is still great rates but doing transactions is clunky and messy so far.

• https://cusuccess.accesscu.ca/carpathia
• https://cusuccess.accesscu.ca/casera

Access CU is indeed the largest by asset in Manitoba according to CCUA Top-100