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Email this6:11 pm
April 21, 2022
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Oh, how delightful. Logged in to confirm what I had read elsewhere. No advance notice, just a 0.5% reduction, ouch!
8:57 pm
May 9, 2025
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Yup, 2.2% showing in my app too. Didn't even get an email this time :/
9:05 pm
May 15, 2007
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That's a pretty steep decline since it came out with a 4.25% rate in fall of 2024. Although that closes the gap with the Bank of Canada's key interest rate (which is now 2.25% -- PC Financial's rate was meaningfully above the Bank of Canada rate for most of 2025: https://www.highinterestsavings.ca/savings-account-interest-rate-graph/?institution_ids%5B%5D=pc-financial&institution_ids%5B%5D=bank-of-canada&institution_ids%5B%5D=0&institution_ids%5B%5D=0&institution_ids%5B%5D=0
10:13 pm
April 6, 2013
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The PC Money product page has been updated with the lower rate:
10:47 am
December 20, 2019
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It's now lower than my 2.25% at wealth simple
10:01 pm
September 28, 2023
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Lowering rates 1/2% without any notice/notification would be considered a "catch" in my mind.
Another FI joins the mediocrity ranks 🙁
I've considered joining for their $200 bonus, but I would have to switch my DD away from EQ, which is earning more than $200 bonus for me every month.
Edited to add:
Looks like they are taking a page out of EQ's playbook, and will boost the rate to 2.9% if you switch and keep DD with them. Might give them another look to snatch the $200 welcome bonus...
11:16 pm
September 28, 2023
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And with the bonus interest rate offer, the $200 welcome offer is toast.
Sorry PC, not worth switching everything for 0.15%.
11:00 am
January 12, 2019
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.
No real need to get our Nickers-In-A-Knot . . .
Welcome to the normal 'Ebb & Flow' of SA interest rates. 
And yet another reason to have dealings with more than one FI.
- Dean
" Live Long, Healthy ... And Prosper! "
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