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Rates dropped today
September 10, 2019
8:43 am
Stitchup
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https://www.motusbank.ca/Support/Rates

HISA 2.25% -> 2.10%
TFSA 2.50% -> 2.35%

As predicted by Doug...

September 10, 2019
9:55 am
Doug
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Stitchup said
https://www.motusbank.ca/Support/Rates

HISA 2.25% -> 2.10%
TFSA 2.50% -> 2.35%

As predicted by Doug...  

LOL! They probably said, "that 'dmehus' character on Internet forums predicted a 2.00% HISA and 2.25% GIC rate, we better give them an extra 0.10% on each just so we don't match his predictions exactly."

Cheers,
Doug

September 10, 2019
1:36 pm
hwyc
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A new prediction regarding motusbank elsewhere on RFD today already ? ... Still fussing it should be one word or two.sf-confused

September 11, 2019
5:10 am
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It was obviously going to happen because other small places lowered their rates a few weeks ago. Plus as deposits rise they lower their teaser rates. Prime example Manulife Bank.

September 11, 2019
7:37 am
Alexandre
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They also, in last few weeks, substantially cut rates for their Escalator GICs.

For someone (like me), who keeps his RRSP and TFSA with Tangerine, now it makes very little sense to transfer those to Motus, which is what I had in plans.

September 13, 2019
2:21 pm
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Their will be all kinds of promotions by the end of the year and beginning of 2020 for RRSP and TAX free Accounts from all the financial institutions including the Banks.

Nothing to worry about.

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