ING down to 1.85% | Tangerine Bank | Discussion forum

I think both PCF and ING have low saving rates compared to other online banks since they don't charge services fees (particularly PCF with its chequing acct which I am sure is pretty popular).

A banker told me once that the banks lose money (or don't make as much) everytime the BofC prime goes down. Maybe by lowering their savings rates, these banks can make their money somehow.