December 12, 2008
January 30, 2009
Confirmed. Thanks for your efforts djino! You're always first to give us these updates and it is much appreciated!
Given the awful customer service I have experienced at PCF, and now this disproportionate drop in interest rate, I'm considering pulling what funds I still have there.
Interestingly, if any of you are staying with PCF, the regular 'no fee bank acocunt' now offers a higher rate (2%) than the 'interest plus account' on balances over $25,000.
(remember if you have a lot of cash to move: it will take at least one day to transfer funds with PCF and there is a limit of $50,000 on each of your transfers)
(shaking my head at PCF)
I've been with PC for 11 years now, since they first opened their doors as a "bank". In the beginning, it was awesome customer service, I'd recommend PC to anyone who had a second to listen.
For the past few years their customer service quality has dropped off a cliff...and aparently so has their savings rates! Frustrating to say the least.
I still have 2 accounts with them (checking/savings) but don't keep much money in there anymore, its in HSBC right now earning that 3.25% (till March 16th anyways) and ATB 3.4% 1yr GIC...We should list ATB here at their Springboard SavingsÂ® Account is 1.85% and 100% guaranteed (vs $100k CDIC)
At least PC still offers free banking still.