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Email this8:36 pm
December 12, 2009
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Their posted HISA rate is now down to 1.35%, below the 1.5% common threshold we've historically used for inclusion the HISA comparison chart. And, with an estimated 0.50-0.75% of BoC rate drops still to come in the next twelve months, they'll be below 1.00% sooner than later. On top of that, they're still under a multi-year strategic review by Meridian Credit Union. There's zero value in them staying in the HISA chart; however, they can still maintain a profile page and be in the GIC chart if still relevant there.
Cheers,
Doug
8:55 am
January 12, 2019
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.
Given the now ever-lower BoC rates (that will surely continue into next year), that 1.50% common threshold may have to be Lowered. I'd suggest a "wait-an'-see" approach.
And once again, the 'We' doesn't apply here ... it's Peter's call. 
My Two Centavos,
- Dean
" Live Long, Healthy ... And Prosper! "
5:05 am
December 20, 2019
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I would not count them out yet, one of two things will eventually happen to Motus...
1. They will get aggressive and breathe new life into them.
2. They will fold into Meridian and close down.
All that said, it will be an interesting event and we may want to have the setup in place to keep them on the lists.
PS. Have we thought of a WARN list of the most consistently noncompetitive places to park your money? In other words, places that rob our seniors and give them no interest all while charging exorbitant fees to rob them blind?
8:45 am
January 12, 2019
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.
KamWest ... That ⬆ would be a Mighty Big List ❗
LOL 
- Dean
" Live Long, Healthy ... And Prosper! "
12:31 pm
December 29, 2018
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Motusbank now has an interest rate on savings lower than one of the BIG 6 banks in Canada (Motus 1.05%, National bank 1.15%)
Lower than one of the BIG 6, for me, is a criteria for exclusion, unless we add National Bank to the list.
8:55 am
November 19, 2022
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Add PC Financial Savings is still at 4% instead
2:27 pm
May 15, 2007
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I have finally decided to drop motusbank from the savings account and GIC charts, with its latest savings account decrease to 0.95% and a regular spot as the lowest of the GIC rates. I like to be slow to drop accounts, to keep them around at least for comparison sake, but the end has finally come for motusbank on those lists.
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