Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this8:32 am
December 18, 2024
Offline
Wanderer said
I have been so happy with People’s. I like almost everything about this FI. One thing I would change is put a button on the site for not renewing GICs and that way you wouldn’t have to call them to tell them. There would be no auto renew unless you just let it renew again. I don’t like to have to call.
But everything else I’ve been very happy with. I been using them since just after the security breech because they had fixed it and I was confident they wouldn’t make a mistake like that again. Figured it would be the safest from there on out. I was proved right.
The only reason for me going to another institution is I have reached the CDIC limit of my TFSA account. The credit union has a limit of $250,000, by the province. Don’t know why CDIC has not increased their limit after all these years.
Definitely DO NOT AVOID. They are A-OK!
Needs 2 buttons.
A. One for do NOT renew GIC at maturity
B. Want GIC to be joint (the spousal phone call involvement is a PITA)
Just FYI BC credit unions have unlimited insurance coverage on TFSA
What I don’t like about Peoples
A. They have some poorly trained and outright rude CSRs.
B. Do they have second factor.
C. Their rates haven’t been that good for the last year.
D. No TFSAs at People’s Bank.
E. No RRIF accounts at all.
9:42 am
November 18, 2017
Offline
Just to remind those who may be confused: Peoples TRUST has registered products, it's just Peoples BANK that doesn't, so far.
RetirEd
11:13 am
December 18, 2024
Offline
But do keep in mind. People’s T or B does NOT offer RRIF accounts.
It’s unfortunate that People’s did not mirror their People’s Trust options with People’s Bank.
7:51 am
January 9, 2011
Offline
Its totally unacceptable and callous to not provide a highlights summary, as everyone else usually does with such a voluminous document.
I have demanded same and will follow up here in case I get a response.
AndreyG said
73 pages indeed. Too much for my fading brain. No point form summary. The email says: "Please note that the changes do not have any effect on the fees associated with your account(s)". Ok, at least that. I have some GIC with them so can not take any immediate (constructive) action. Still curious to find out, same as you Bill.
Bill said
Peoples emailed me a link to a 73-page document about the changes they're making to their terms and conditions. I'm not reading it. Anyone else know what they're changing?
My memory's not as sharp as it used to be. Also, my memory's not as
sharp as it used to be.
9:47 am
August 4, 2010
Offline
If you go to the PeoplesTrust Terms and Conditions page, there's a link to a "Table of Changes" PDF document you can download. It has a two-column old/new table showing additions and deletions between the old and new agreements. They probably should have given people access to this from the notification email.
Looks like there is a lot of cleanup, Quebec exceptions and additions, clarity around electronic paperwork, different types of registered accounts, etc. I was just skimming, but I didn't see them trying to sneak in anything outrageous like negative interest rates or liens on your firstborn.
Please write your comments in the forum.