HISA increase from 1% to 1.1% (January 2018) | Simplii Financial | Discussion forum

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HISA increase from 1% to 1.1% (January 2018)
March 4, 2018
8:39 pm
Norman1
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April 6, 2013
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bpwest said
Simplii HISA rate is now 1.1% (unsure if this increase happened today; just noticed today)

So, the 3% interest offer on new deposits is now 1.1% regular interest + 1.9% bonus interest = 3.00%... correct?

Winnie said

Yes, 1.10% + 1.90% will be true calculation for February, but for January I used 1.03% + 1.97% because increase from 1% to 1.10% happened around January 20.

I checked my January 2018 monthly statement. The regular interest paid on January 31 (for December 31 to January 30) implies that regular interest was

  • 1% from December 31, 2017 to January 23, 2018
  • 1.1% from January 24 to January 30.

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