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OTR – Simplii HISA rate change
November 17, 2020
7:15 pm
Norman1
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dougjp said

To clarify, those getting the 2.3% or 2% get that, or slightly less?

Those on the Simplii 2% offer are still getting 2%:

The Offer

The special annual interest rate of 2.00% is a combination of the regular annual interest rate set by Simplii Financial payable on an Eligible Account balance (“Regular Interest”), plus the promotional annual interest rate (“Promotional Interest”) …. Any change to the Regular Interest rate will result in a corresponding change to the Promotional Interest rate so that the overall special annual interest rate of 2.00% will remain the same during the Offer Period.

November 17, 2020
8:56 pm
FC
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Would there be somewhere on this site where we could automatically keep track of Simplii's savings rate and savings rate changes?

I know Simplii doesn't have a regular high interest savings rate, but they do have regular high interest savings promos every year and the date of the base rate changes really help when calculating whether the monthly interest being paid is correct or not. Waiting until the bonus payout date half a year later is a bit late.

Thoughts?

November 18, 2020
4:21 am
dougjp
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Norman1 said

dougjp said

To clarify, those getting the 2.3% or 2% get that, or slightly less?

Those on the Simplii 2% offer are still getting 2%:

The Offer

The special annual interest rate of 2.00% is a combination of the regular annual interest rate set by Simplii Financial payable on an Eligible Account balance (“Regular Interest”), plus the promotional annual interest rate (“Promotional Interest”) …. Any change to the Regular Interest rate will result in a corresponding change to the Promotional Interest rate so that the overall special annual interest rate of 2.00% will remain the same during the Offer Period.

  

Thanks. I eventually managed to find my 2.3% confirmation which also states " The Offer

The special annual interest rate of 2.30% is a combination of the regular annual interest rate set by Simplii Financial payable on an Eligible Account balance (“Regular Interest”), plus the promotional annual interest rate (“Promotional Interest”) that is calculated at the end of the Offer Period on the Additional Balance as defined below. Any change to the Regular Interest rate will result in a corresponding change to the Promotional Interest rate so that the overall special annual interest rate of 2.30% will remain the same during the Offer Period. "

November 18, 2020
6:23 am
BillieBob
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topgun said
OTR Sorry I do not know what this means? Please explain.  

I have the same question. What is the meaning of "OTR" in the heading of this discussion?

November 18, 2020
8:23 pm
FC
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OTR = On The Record/Off The Record?

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