June 1, 2020: HISA rate is changing (from 2.25% to 2.05%) | LBC Digital | Discussion forum

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June 1, 2020: HISA rate is changing (from 2.25% to 2.05%)
May 30, 2020
5:08 am
Alexandre
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May 30, 2020
9:06 am
pianoman8849
Halifax, NS
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Just let it go down another .05 percent and I'm likely to go back to EQ Bank. I did keep an account open there. You might ask: "Why would you do back to them if the interest rate is the same as LBC?" My answer is simple. I have always had excellent online banking with EQ and no "bumps in the road" like I have had with LBC.

May 30, 2020
2:50 pm
Indmuny
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Been with EQ for about 3 years and have had the same experience. As you do, I will always favour EQ with all other factors being somewhat equal.

May 30, 2020
3:22 pm
Briguy
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Indmuny said
Been with EQ for about 3 years and have had the same experience. As you do, I will always favour EQ with all other factors being somewhat equal.  

LBC Digital could theoretically be your only bank because it has more features- eg. ATM card, cheques , bank draft so if you need any of those then EQ bank can't replace it.

May 30, 2020
5:10 pm
Doug
British Columbia, Canada
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Briguy said

LBC Digital could theoretically be your only bank because it has more features- eg. ATM card, cheques , bank draft so if you need any of those then EQ bank can't replace it.  

It's the leading candidate for me to replace Coast Capital Savings as my primary day-to-day banking, HISA, and banking "hub" later this year. I have a few questions with respect to access to funds limits on ATM and pulled EFT deposits and the detail provided in transaction descriptions, but other than that, it's got a lot to like. I like Motive Financial and Alterna Bank for these reasons as well, but LBC Digital and 1Q have the cheapest cheque orders if ordering direct from your bank and not through ASAP Cheques or DiscountCheques.com. Also, one can apply for a line of credit attached to their LBC Digital chequing account whereas Motive has reportedly discontinued that.

Cheers,
Doug

May 30, 2020
5:20 pm
Briguy
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Doug said

It's the leading candidate for me to replace Coast Capital Savings as my primary day-to-day banking, HISA, and banking "hub" later this year. I have a few questions with respect to access to funds limits on ATM and pulled EFT deposits and the detail provided in transaction descriptions, but other than that, it's got a lot to like. I like Motive Financial and Alterna Bank for these reasons as well, but LBC Digital and 1Q have the cheapest cheque orders if ordering direct from your bank and not through ASAP Cheques or DiscountCheques.com. Also, one can apply for a line of credit attached to their LBC Digital chequing account whereas Motive has reportedly discontinued that.

Cheers,
Doug  

chequesplus.com is the cheapest compared to ASAP cheques or DiscountCheques. I've used them, and they're fine

May 30, 2020
6:35 pm
smayer97
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Briguy said

chequesplus.com is the cheapest compared to ASAP cheques or DiscountCheques. I've used them, and they're fine  

Though Chequeplus has free shipping, looks DiscountCheques is just slightly cheaper (free shipping is only for Ont or Que).

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