PC Money going down to 3.10% | PC Financial | Discussion forum

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PC Money going down to 3.10%
May 14, 2025
10:49 am
JohnnyCash
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Unconfirmed report has PC Money savings rate dropping to 3.10% May 15, 2025.

May 14, 2025
10:52 am
wjecf9cc
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May 9, 2025
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JohnnyCash said
Unconfirmed report has PC Money savings rate dropping to 3.10% May 15, 2025.  

Just got the email. Indeed dropping to 3.10%.

May 14, 2025
12:04 pm
Rail Baron
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The email claimed that they had held the rate steady during two Bank of Canada cuts. But didn't they cut the rate from 4% to 3.5% during that time?

May 14, 2025
1:43 pm
jorno319
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Rail Baron said
The email claimed that they had held the rate steady during two Bank of Canada cuts. But didn't they cut the rate from 4% to 3.5% during that time?  

PC Financial reduced the savings rate from 4% to 3.5% effective January 21, 2025. The Bank of Canada announced policy rate reductions on January 29, 2025 and on March 12, 2025 and held the policy rate on April 16, 2025.

May 14, 2025
9:17 pm
Norman1
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The PC Money account page has been updated with the new 3.1% rate:

PCMoney31.png

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