Simplii Financial Extends its Promo from March 1- June 30, 2018 | Page 3 | Simplii Financial | Discussion forum

saver333 said
Sorry to all who didn't get the offer .. and to all those they don't actually pay out to in the end (hopefully never the case!).  

OK, this is silly.
They say Promotional Interest will be paid in March 2018, as PCF has done for many years (usually between 10-15 of month).

savemore....., that's my impression too. And if I ran an fi I'd too be very keen to filter out ratechasers who have no other lucrative business with me as their money is gone the moment they've got a better option and then I'm scrambling if I've loaned that money out. Way better to focus on attracting locked in savers, like with GICs.

I spoke to Simplii this morning and they would not make an offer until March 1st. I told her that some of my "friends"(hey guys, you're my friends!) had offers emailed to them and others logged into their accounts and found offers. The CSR told me that she cannot offer anything and I would need to call back March 1st. I mentioned that I had a lot of money there. Still didn't get a nibble. Asked her what the daily limit is to remove funds. She said that the way I have it set up, I can move the whole thing.
That's all I know! Will call back March 1 and report back to the group!

dentgal said
I spoke to Simplii this morning and they would not make an offer until March 1st. I told her that some of my "friends"(hey guys, you're my friends!) had offers emailed to them and others logged into their accounts and found offers. The CSR told me that she cannot offer anything and I would need to call back March 1st. I mentioned that I had a lot of money there. Still didn't get a nibble. Asked her what the daily limit is to remove funds. She said that the way I have it set up, I can move the whole thing.
That's all I know! Will call back March 1 and report back to the group!  

Top It Up said

I think that lesson for FIs was blasted out, loud and clear, with the Home Capital fiasco - you just have to look at Oaken's GIC rates vs their "HISA" rate, as proof.  

The only bank that was spooked by that was EQ, but they don't offer GICs, so there is no comparison.

It doesn't prove anything, really. First, Oaken's savings rates were never top of the heap Second, their business is mortgages As rates rise (like now), people who were hedging their bets with variable rates suddenly want to lock in, so there is greater demand for GIC money.

re: #48. Those facts have not been in dispute.

Thanks rfdm4g4g9. Received mine as well. I am in the same boat as you but only 2.5% till April 3rd at Tangerine as I was caught with the earlier dates for the snapshot of account balances. By calling in I was only offered 90 days.

Hgx27 check under expired promotions and click on that offer from Simplii

Hey guys, this may be a bit of an offshoot, but is Simplii related.
Can CIBC use Simplii deposits for borrowing purposes?

To tgaucher,

I understand your point but I think that we have entered a new era. These "new banks" are able to parse their data and make business decisions based upon their objectives. The challenge to us, as savers, is to look to advantage ourselves by being always willing to move our money to the best location. All is fair...

I have received nothing from Simplii but I can readily understand that I am exactly the type of customer that they do not need to target. The only way I can change that is by being willing to move my savings.

Doug

saver333 said
.. I too received interest Mar 8 for the previous promo period.

Any news if they'll be extending the promo for any clients beyond Jun 30th?  

Not that I've seen or heard. Interesting that you should ask, because I actually queued up a bunch of 6/26 transfers out earlier this morning to drive my 6/30 balance down to $1 just in case they pull the old "new money only" trick should a new promo suddenly materialize. I can always move the funds back in if something attractive springs up