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Email this11:27 am
April 6, 2013
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anitavirginia said
Looks like the rates have changed, some up and some down. I wonder why they did that. Anyway it looks like the 5% is now 4.25%.
I wonder what date that changed?If your account balance is:
Annual rate
$0.00 to $50,000.00
0.35%
…
Norman1 said
Only a few possibilities:
- Friday, Sept. 6
- Saturday, Sept. 7
- Sunday, Sept. 8
- Monday, Sept. 9
One would be able to figure out near the end of this month when the regular interest is paid. The 0.05% rate difference would result in a 2¢ per day difference in interest for each $14,600 of balance.
Simplii has posted their HISA interest on Wednesday, September 25. The amount paid implies that the rate was changed September 9.
| If your account balance is: | Annual rate 2024/09/05 |
Annual rate 2024/09/09 |
| $0.00 to $50,000.00 | 0.40% | 0.35% |
| $50,000.01 to $100,000.00 | 0.40% | 0.50% |
| $100,000.01 to $500,000.00 | 0.65% | 0.80% |
| $500,000.01 to $1,000,000.00 | 1.25% | 1.80% |
| $1,000,000.01 and up | 5.00% | 4.25% |
3:26 pm
December 7, 2023
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Norman1 said
anitavirginia said
Looks like the rates have changed, some up and some down. I wonder why they did that. Anyway it looks like the 5% is now 4.25%.
I wonder what date that changed?If your account balance is:
Annual rate
$0.00 to $50,000.00
0.35%
…Norman1 said
Only a few possibilities:
- Friday, Sept. 6
- Saturday, Sept. 7
- Sunday, Sept. 8
- Monday, Sept. 9
One would be able to figure out near the end of this month when the regular interest is paid. The 0.05% rate difference would result in a 2¢ per day difference in interest for each $14,600 of balance.
Simplii has posted their HISA interest on Wednesday, September 25. The amount paid implies that the rate was changed September 9.
If your account balance is: Annual rate
2024/03/12Annual rate
2024/06/25Annual rate
2024/09/05Annual rate
2024/09/09$0.00 to $50,000.00 0.40% 0.40% 0.40% 0.35% $50,000.01 to $100,000.00 0.40% 0.40% 0.40% 0.50% $100,000.01 to $500,000.00 0.65% 0.65% 0.65% 0.80% $500,000.01 to $1,000,000.00 1.25% 1.25% 1.25% 1.80% $1,000,000.01 and up 5.50% 5.25% 5.00% 4.25%
4:33 pm
May 20, 2016
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Does the HISA rate change affect the 5.5% promotion rate?
5:15 pm
April 6, 2013
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Changes in the Simplii HISA's regular rate do not affect the special 5½% rate:
The special annual interest rate of 5.50% is a combination of the regular annual interest rate set by Simplii Financial earned on your Eligible HISA’s daily closing balance (“Regular Interest”), plus a promotional annual interest rate (“Promotional Interest”) that is earned on your Eligible HISA’s Additional Balance (defined below) from the date of enrolment until the end of the Offer Period. Any change to the Regular Interest will result in a corresponding change to the Promotional Interest so that the overall special annual interest rate will remain 5.50% from the date of enrolment until the end of the Offer Period.
…
6:19 am
December 20, 2019
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When simplii dropped from 5.75% to 5% they caught my attention. It was still an awesome rate and I had 5.75% for almost a year so I forgave it and stayed because the funds did not have to be tied up.
That said at 4.25% it made no sense and I moved to Saven at 5% for 6 months.
Was going to move to Hubert for a year at 4.5% with their quarterly but the lack of ANY tools in the new Access interface completely turned me off.
So I will review my experience with SAVEN in 6 months but so far I am impressed with the interface, you can do anything electronically the way it used to be at Hubert. I linked around 8 bank accounts and could not see a limit as to how many you can link.
PS. Linking is as smooth as at Motus which has one of the best account linking interfaces I have seen.
2:11 pm
March 3, 2022
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KamWest said
I linked around 8 bank accounts and could not see a limit as to how many you can link.PS. Linking is as smooth as at Motus which has one of the best account linking interfaces I have seen.
Is the linking process Flinks type (ie, you give your linked-bank's username & password to a third party) or manual micro deposits? Thanks.
8:04 am
December 20, 2019
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iotama said
Is the linking process Flinks type (ie, you give your linked-bank's username & password to a third party) or manual micro deposits? Thanks.
Yes its the Flinks type, I usually change my banking password after I link the account. I use strong passwords and a password app so that is no big deal. It's not required but I like to do that step.
Flinks requires 5 working days to process things so be prepared for a wait of 5 days to set any push or pulls.
5:49 pm
September 29, 2017
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Actually Simplii does not require you to use Flinks. Mine were linked by filling forms, submitting them electronically via secured email to directly to a Simplii manager, and they handled the links via their backend office, as standard procedure.
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