entegra drops interest rate to 1.75% @ outlook finanical drop interest rate 1.80% | Outlook Financial | Discussion forum

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entegra drops interest rate to 1.75% @ outlook finanical drop interest rate 1.80%
March 8, 2013
11:02 am
doc
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more bad news as entegra drops interest rate to 1.75% and outlook financial drops rate to 1.80%

March 8, 2013
3:35 pm
moneysaver
Ontario
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That's two rate drops for Outlook Financial in less than three months. sf-surprised

March 9, 2013
9:01 am
doc
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sounds like a double knock out punch

March 9, 2013
11:02 am
Doug
British Columbia, Canada
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Implicity Financial, a "virtual banking" branch/division of Entegra Credit Union, remains at 2.0% for their HISAs. It could be, in this case, they're simply adopting the model of the other Manitoba CUs whereby the "parent" CU has a lower HISA rate than their "virtual banking" branch/division.

In Outlook's case, it could be them being awash with deposits and not needing to attract them as aggressively as much or they're trying to take advantage of less competition with Ally's demise or potentially something more serious with their regulator.

Cheers,
Doug

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