Savings and TFSA rates down to 1.85% | Outlook Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
Savings and TFSA rates down to 1.85%
February 3, 2015
7:50 am
Peter
Admin
Forum Posts: 1158
Member Since:
May 15, 2007
sp_UserOfflineSmall Offline

Outlook Financial has dropped its savings account and TFSA interest rates from 2.00% to 1.85%.

AcceleRate Financial, Achieva Financial, ICICI Bank, Implicity Financial, and Tangerine Bank have all dropped their rates over the past few days as well.

February 3, 2015
9:19 am
GS1
Member
Members
Forum Posts: 398
Member Since:
February 22, 2013
sp_UserOfflineSmall Offline

It is interesting to see that some have moved 15 basis points (matching the big banks) and some have moved 25 basis points (matching the Bank Of Canada).

GS

February 3, 2015
11:58 am
Loonie
Member
Members
Forum Posts: 6442
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

Some of the 2 year rates seem not to be any worse, at least compared to the last time I looked at them, but others are declining. Hubert has held on to theirs better than most- so far. And we used to complain about Hubert changing their rates too often!

February 3, 2015
12:02 pm
kanaka
Member
Members
Forum Posts: 1232
Member Since:
December 23, 2011
sp_UserOfflineSmall Offline

Perhaps Hubert is holding rates with the introduction of RRSPs.

February 3, 2015
4:55 pm
frizun
Member
Members
Forum Posts: 77
Member Since:
December 3, 2014
sp_UserOfflineSmall Offline

I think Hubert actually raised their rate on some of the mid-term GICs.
IIRC the 2 year term used to be 2.25%,now it at 2.45%.
Don't know how long it will last,but it may be a good thing for any last minute shoppers out there.

Please write your comments in the forum.