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Meridian: Advance notice of rate changes
May 3, 2019
4:02 am
Loonie
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You can now get 24 to 72 hours advance notice of rate changes at Meridian.
https://www.meridiancu.ca/About-Meridian/Rate-Scoop.aspx?utm_campaign=2019SpringNewsletter&utm_source=newsletter&utm_medium=social&utm_content=landing%20page&spMailingID=3342002&spUserID=NDQzMDM2MDExNzES1&spJobID=780057226&spReportId=NzgwMDU3MjI2S0

I put forward a formal request/complaint last winter asking them to do this, since it was clear they do know about these changes in advance. Could it actually be that someone took this request seriously?sf-surprised

Good move, Meridian!sf-smile
Now, all we need is some great rates again!

May 3, 2019
5:34 am
gicjunkie
Ontario
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Thanks Loonie. I probably opted out of their marketing updates and won't get the notifications. I will have to rethink this.

May 3, 2019
6:16 am
Leafs1967
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looks like they also dropped their savings rate to 1.30% !

May 3, 2019
7:59 am
Doug
West Kelowna
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Leafs1967 said
looks like they also dropped their savings rate to 1.30% !  

Uh oh, even without a change to defining what is "competitive," on that basis, I think the Good to Grow Savings Account needs to be removed from the "comparison chart". We removed Tangerine and Simplii Financial from the chart, which I fully supported and where consensus was obtained, at 1.30%.

They can still have a "profile" page and a "forum" and be included in any "promos," of course, but in terms of being a "high interest savings account" with their regular, posted rate, they're now uncompetitive.

Cheers,
Doug

May 3, 2019
8:01 am
Doug
West Kelowna
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Thanks, Loonie, for the update, though. I wonder if they opted to make the change on your suggestion alone, or if others had complained, too? Nice to see they're listening, though. That's encouraging. sf-cool

Oh well...you're soon to be a full Motus customer, once your accounts are activated, so you can benefit from Motus likely offering premium rates to Meridian.

Cheers,
Doug

May 3, 2019
8:04 am
Doug
West Kelowna
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Sorry for the additional reply (I get nagged over at RFD for this), but the "saving grace," I guess, is that this forum doesn't have a multi-quote feature. Wonder if a future Simple::Press software update will? Does Simple::Press release updates often, Peter?

Anyway, just noticed Peter's already removed Meridian from the chart, so just wanted to give him a shout out and a word of thanks for removing them with their drop to the current, albeit loosely interpreted, territory of now being "uncompetitive". +1 to Peter

Cheers,
Doug

May 3, 2019
8:22 am
Peter
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By "multi-quote" you can click the "Quote" button on multiple posts for the same reply, if that's what you mean.

May 3, 2019
9:15 am
Doug
West Kelowna
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Peter said
By "multi-quote" you can click the "Quote" button on multiple posts for the same reply, if that's what you mean.  

Oh, wow, learn something knew every day! I assumed if I clicked on "quote" more than once it'd wipe out my existing "reply" dialog box. Didn't realize that. Here I've been manually copying + pasting other form users' posts and manually adding in blockquote opening and closing tags.

Thanks, Peter.

It's less obvious than vBulletin's multi-quote button, but that works.

Cheers,
Doug

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