Topic RSS2.8% promo interest on new money to Savings, RRSP, TFSA (November 1, 2019 - April 30, 2020)
May 2, 2020
1:36 pm
1:36 pm
Norman1
Member
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Forum Posts: 8048
Member Since:
April 6, 2013
April 6, 2013
OfflineIf CIBC, who is behind Simplii Financial, had needed all the deposit money that came in as a result of the offer, then they would have extended the offer for everyone.
Not extending the offer and letting the rate fall to 0.30% is just a polite way for them to get rid of those deposits until they have an opportunity to profitably use those deposits again.
August 25, 2020
2:26 pm
2:26 pm
rhvic
Victoria, BC
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Forum Posts: 534
Member Since:
May 28, 2013
May 28, 2013
OfflineRetiredfa said
It is my understanding that at the end of April 2020 Simplii extended their November 2019 2.80% on HISA balances from May 1, 2020 to August 31, 2020. Now that we are fast approaching the end of August, has anyone heard what Simplii is going to do, if anything, to retain those balances?
I certainly got no such extension. They moved me to 0.3%, so my money went elsewhere.
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