SImplii Financial - 3.0% Interest on New Deposits until February 28, 2018 | Page 11 | Simplii Financial (formerly PC Financial) | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
SImplii Financial - 3.0% Interest on New Deposits until February 28, 2018
February 18, 2018
11:24 am
dougjp
Member
Members
Forum Posts: 106
Member Since:
January 9, 2011
sp_UserOfflineSmall Offline
201sp_Permalink sp_Print

Bill said

Your post #197 -I'm not clear what you're asking.  

I think he's griping about how they don't pay interest the way everyone else does. I'm pretty confident the answer is no without even asking Simplii. sf-confused

February 20, 2018
5:15 am
rfdm4g4g9
Member
Members
Forum Posts: 210
Member Since:
June 15, 2016
sp_UserOfflineSmall Offline
202sp_Permalink sp_Print

Do I have to keep ALL the money in the account on Feb 28 , to get the bonus rate in March ?

Or can I withdraw before that say Feb 26 or Feb 27 and still be eligible for the bonus 2 % in approximately second week of March, from this current 3 % promo Simplii is having from November 1 - February 28.

I am guessing withdrawing 1-2 days early won't affect the promo, besides me getting 1-2 days of less interest.

February 20, 2018
5:23 am
rfdm4g4g9
Member
Members
Forum Posts: 210
Member Since:
June 15, 2016
sp_UserOfflineSmall Offline

This is how PC Financial had extended their previous NEW deposit promo by 2 months more.

Hopefully Simplii does the same by 2 months more, so no need to enroll again & its automatic.

https://www.highinterestsavings.ca/forum/simplii-financial/2%C2%BD-on-new-deposits-after-april-30-extended-until-october-31-2017/

NOTE : This is for PC Financial

" Great news. You’re already enrolled and are currently enjoying 2%* interest on new deposits into your President’s Choice Financial® Interest Plus savings account until August 31, 2017. As an added benefit, you will earn 2.5%* interest on those deposits plus any new deposits from September 1 until October 31, 2017"

February 20, 2018
6:14 am
Bill
Member
Members
Forum Posts: 1349
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline

rfdm4g4g9 said
I am guessing withdrawing 1-2 days early won't affect the promo, besides me getting 1-2 days of less interest.  

Correct.

February 20, 2018
9:11 am
hank
Member
Members
Forum Posts: 15
Member Since:
December 4, 2017
sp_UserOfflineSmall Offline
205sp_Permalink sp_Print

This is how PC Financial had extended their previous NEW deposit promo by 2 months more.
Hopefully Simplii does the same by 2 months more, so no need to enroll again & its automatic.
https://www.highinterestsavings.ca/forum/simplii-financial/2%C2%BD-on-new-deposits-after-april-30-extended-until-october-31-2017/
NOTE : This is for PC Financial
" Great news. You’re already enrolled and are currently enjoying 2%* interest on new deposits into your President’s Choice Financial® Interest Plus savings account until August 31, 2017. As an added benefit, you will earn 2.5%* interest on those deposits plus any new deposits from September 1 until October 31, 2017"

Hey rfdm4g4g9:

Correct me if I'm wrong, but, I don't believe you are reading this correctly- I expect you have to withdraw your money or you will only get the going rate- NOTE they speak of new deposits getting 2 or 2.5%, NOT your present deposits.

February 20, 2018
9:48 am
Bill
Member
Members
Forum Posts: 1349
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline
206sp_Permalink sp_Print

Hank, read what you cited again: "As an added benefit, you will earn 2.5%* interest on those deposits plus any new deposits from September 1 until October 31, 2017"

February 20, 2018
3:24 pm
hank
Member
Members
Forum Posts: 15
Member Since:
December 4, 2017
sp_UserOfflineSmall Offline
207sp_Permalink sp_Print

Good point Bill (ya (being Hank and not yourself) kinda read what ya wanna read, or are leery of)- so will you leave your money in now?

February 20, 2018
5:41 pm
Bill
Member
Members
Forum Posts: 1349
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline
208sp_Permalink sp_Print

No, my money's on its way out because as of now I've no idea if there will or there won't be another offer and I don't want 1.1% starting March 1. Not too hard to move some back if a good offer comes along.

February 21, 2018
7:26 am
rfdm4g4g9
Member
Members
Forum Posts: 210
Member Since:
June 15, 2016
sp_UserOfflineSmall Offline
209sp_Permalink sp_Print

Simplii extends its promo to June 30-2018, but only by 2.5 % and not 3 %sf-frown

Getting an exclusive rate of 2.50% couldn’t be easier: simply enroll now and starting March 1, 2018, you’ll earn interest on eligible deposits made between November 1, 2017 and June 30, 2018*. That means you’ll earn interest on deposits you’ve already made – plus on new deposits!

February 21, 2018
7:40 am
dougjp
Member
Members
Forum Posts: 106
Member Since:
January 9, 2011
sp_UserOfflineSmall Offline
210sp_Permalink sp_Print

rfdm4g4g9 said
Simplii extends its promo to June 30-2018, but only by 2.5 % and not 3 %sf-frown

Getting an exclusive rate of 2.50% couldn’t be easier: simply enroll now and starting March 1, 2018, you’ll earn interest on eligible deposits made between November 1, 2017 and June 30, 2018*. That means you’ll earn interest on deposits you’ve already made – plus on new deposits!  

Kinda predictable if they were going to do anything. The key question, when do they actually pay all interest, (a) on funds up to Feb 28, (b) on qualifying balances as at March 31, April 30, May 31 and finally June 30.

February 21, 2018
7:51 am
dougjp
Member
Members
Forum Posts: 106
Member Since:
January 9, 2011
sp_UserOfflineSmall Offline
211sp_Permalink sp_Print

Another question, perhaps for the Tang forum but applicable to most of us here at this time, will Tang extend their May 31 2 1/2% deal to June 30 or beyond?

February 21, 2018
1:50 pm
hank
Member
Members
Forum Posts: 15
Member Since:
December 4, 2017
sp_UserOfflineSmall Offline
212sp_Permalink sp_Print

rfdm4g4g9 said
Simplii extends its promo to June 30-2018, but only by 2.5 % and not 3 %sf-frown
Getting an exclusive rate of 2.50% couldn’t be easier: simply enroll now and starting March 1, 2018, you’ll earn interest on eligible deposits made between November 1, 2017 and June 30, 2018*. That means you’ll earn interest on deposits you’ve already made – plus on new deposits!

Hey rfdm4g4g9:

Did you get the above in a special e-mail to yourself- when I asked via e-mail, they said they had no information about it- that I should call in.....sf-surprised

February 21, 2018
3:21 pm
tgaucher
Member
Members
Forum Posts: 11
Member Since:
February 13, 2018
sp_UserOfflineSmall Offline
213sp_Permalink sp_Print

Just got through to Simpli. The extension is a targeted one, not everybody will get it but if you do you will get an email or notice they said.

February 21, 2018
4:41 pm
rfdm4g4g9
Member
Members
Forum Posts: 210
Member Since:
June 15, 2016
sp_UserOfflineSmall Offline
214sp_Permalink sp_Print

hank said
rfdm4g4g9 said
Simplii extends its promo to June 30-2018, but only by 2.5 % and not 3 %sf-frown
Getting an exclusive rate of 2.50% couldn’t be easier: simply enroll now and starting March 1, 2018, you’ll earn interest on eligible deposits made between November 1, 2017 and June 30, 2018*. That means you’ll earn interest on deposits you’ve already made – plus on new deposits!

Hey rfdm4g4g9:

Did you get the above in a special e-mail to yourself- when I asked via e-mail, they said they had no information about it- that I should call in.....sf-surprised  

Looks like its targeted. Some people have got it & others at least so far are yet to get it.

February 21, 2018
4:45 pm
rfdm4g4g9
Member
Members
Forum Posts: 210
Member Since:
June 15, 2016
sp_UserOfflineSmall Offline
215sp_Permalink sp_Print

dougjp said
Another question, perhaps for the Tang forum but applicable to most of us here at this time, will Tang extend their May 31 2 1/2% deal to June 30 or beyond?  

Some people already have that 2.5 % offer from Tangerine till June 30.

The people who accepted/activated that offer in January got it till May 31.

And the people who refused to accept/activate that offer in January were presented with the same exact offer gain in February from Feb 6 - June 30.

February 21, 2018
5:17 pm
tcharger67
Member
Members
Forum Posts: 104
Member Since:
September 22, 2017
sp_UserOfflineSmall Offline
216sp_Permalink sp_Print

well, back to tangerine at the moment for my unregistered savings.

thanks for updating information gals and gents

February 22, 2018
2:36 pm
LookingforYield
Newbie
Members
Forum Posts: 1
Member Since:
February 22, 2018
sp_UserOfflineSmall Offline
217sp_Permalink sp_Print

Received an email from Simplii today indicating my 3% teaser rate through Feb. 28 will be changed to 1.75% beginning Mar. 1. Mentioned to a good friend of mine and stated he received a similar email indicating they offered him a rate of 2.5% beginning Mar. 1 - both through end of June.

I was a little miffed so I called Simplii to inquire. They stated it was a random process as to who was offered the higher rates and they could NOT give me the higher rate. I pushed them further stating that both my friend and I had deposited the same amount of cash (just shy of the maximum allowed under the offer) and we both deposited the funds at roughly the same time. No dice!

I indicated I would be moving my funds on March 1 (including interest as soon as it is paid out) and would NEVER return... to Simplii or CIBC. The agent on the phone offered me $100 to ease the pain. I stated this would not make a difference in my decision. I'll take the $100 and run!

At the same time I was fighting back and forth with Simplii, I noticed that Tangerine has a 2.5% teaser rate for 182 days as long as you deposit your money before May 31. Looks like they will be my next stop.

February 22, 2018
6:56 pm
rfdm4g4g9
Member
Members
Forum Posts: 210
Member Since:
June 15, 2016
sp_UserOfflineSmall Offline
February 22, 2018
7:48 pm
Norman1
Member
Members
Forum Posts: 2310
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
219sp_Permalink sp_Print

LookingforYield said
Received an email from Simplii today indicating my 3% teaser rate through Feb. 28 will be changed to 1.75% beginning Mar. 1. Mentioned to a good friend of mine and stated he received a similar email indicating they offered him a rate of 2.5% beginning Mar. 1 - both through end of June.

I indicated I would be moving my funds on March 1 (including interest as soon as it is paid out) and would NEVER return... to Simplii or CIBC. The agent on the phone offered me $100 to ease the pain. I stated this would not make a difference in my decision. I'll take the $100 and run!
…  

For the $100, I would let them know that I will leave up to $40,000 with them.

The $100 works out to be an extra ¾% per annum on $40,000 for the four months, March 1 to end of June. Adding the 1.75% interest offered, the result is 2½%!

February 22, 2018
8:24 pm
tcharger67
Member
Members
Forum Posts: 104
Member Since:
September 22, 2017
sp_UserOfflineSmall Offline
220sp_Permalink sp_Print

Lookingforyield. I have 237,713 currently at Simplii. I called today, was told I will get the regular posted rate, and that if I would be getting a separate rate, they will contact me. What slap in the face. I did nothing to that count but add to it regularly, never withdrew once it called them bargaining for more.

My cash is outta here

Please write your comments in the forum.