2.8% promo interest on new money to Savings, RRSP, TFSA (November 1, 2019 - April 30, 2020) | Page 5 | Simplii Financial | Discussion forum

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2.8% promo interest on new money to Savings, RRSP, TFSA (November 1, 2019 - April 30, 2020)
May 1, 2020
1:57 pm
rhvic
Victoria, BC
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With the special rate over, and only 0.3% on offer for their HISA (what a laugh!) my money will be going to other FIs.

I'll come back if they offer something which is not an insult to one's intelligence.

May 1, 2020
3:10 pm
hwyc
GTA
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September 30, 2017
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These days I read a lot about deposits leaving the FI when a promo expires and not extended. Yet the big picture - Titanic is sinking and there is not enough lifeboats & too much load on any lifeboat may just sink it eventually as well. I am a bit nervous about the one I am in right now.

May 2, 2020
1:36 pm
Norman1
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If 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
11:56 am
Retiredfa
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January 23, 2019
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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?

August 25, 2020
2:26 pm
rhvic
Victoria, BC
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Retiredfa 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.

August 25, 2020
5:28 pm
Bud
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got 2% till end of october by phone

August 25, 2020
8:27 pm
suburbs4life
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Bud said
got 2% till end of october by phone  

Did you cold call them for that rate recently or were you given an email offer?

August 26, 2020
6:37 am
Bud
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suburbs4life said

Did you cold call them for that rate recently or were you given an email offer?  

cold call

August 26, 2020
7:06 am
Retiredfa
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Thanks for your updates rhvic & Bud!

August 30, 2020
8:47 am
sylviego
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August 26, 2020
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Hello, new member here. Does anyone have a direct contact to get a high interest rate as of August 30 2020 with Simplii?

September 11, 2020
7:21 am
Bruford
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August 10, 2018
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Called today, Representative was insistent that they do not make adjustments to posted rates. I told her that was not true, but she would not bend. Time to move on to greener pastures.

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