2% till Oct 31, 2013 | Simplii Financial | Discussion forum

Be aware that you only get a total of 2% interest for the amount over and above your June 30 aggregate balance of all your accounts with PC Financial (including all accounts whether you are primary or secondary account holder). i.e. if the aggregate total of all your account as of June 30 is $10,000 (and you may enjoy 2.6% until July 15 for this $10,000), and you deposit additional $5,000 to an account (for which you are the primary account holder and assume you leave all the money there till Oct 31) on July 2, your additional $5,000 will get 2.6% until July 15 and then gets 2% from July 16 till Oct 31. Your original $10,000 will only get 1.35% from July 16 on. In other words, your aggregate balance as of June 30 will form a base (B1). Your daily aggregate balance from July 16 till Oct 31 will be calculated on Oct 31 (B2). Only the the amount of B2 minus B1 will get 2% interest.