March 2, 2014
Now that Tangerine and PCF special's expire, they have dropped their Savings rate to 1.30%. Oh the games people play. Pretty sad rate to say the least. Sure, they may have a new special, but only for new deposits or "special" customers via invite. But what about all their other loyal customers? They aren't of any value??? At least we have Implicity and Accelerate, 2 steady and predictable HISA providers. Implicity still has my vote though with their new me-to-me service offering. Hubert is up there with rates too but still not a fan as they have bounced their rates around for no apparent reason in the past. I don't have the time or energy to chase the flavor of the day or check on rates daily to see if my provider has changed the rates on me without warning. Not to say that its not worth playing if you have the time. Some enjoy it and each to their own. But for me...steady, predictable, and safety. Have a great weekend everyone.
December 23, 2011
Tangerine....owned by Bank of Nova Scotia. Years ago when mortgages were first discovered as being transferable.....I had a mortgage with them. They had odd renewal options but once you were their customer they would not match competitors rates or their promotional rates for new customers. So it was easier to transfer away from them to get a better rate. I did the transfer at no cost to me and a month later I got a call from BNS saying they could now do better but still could not match the rate I received elsewhere and the mortgage manager said that they had mentioned to the higher ups that while attracting new customers they were losing their existing customers because their offerings only applied to new business. It's a different day but the same old, same old treatment. It is up the the consumer to decide wether or not they knowingly deal with the "Hubert's" of banking.
October 21, 2013
For me, the weakness of Hubert is that one can only do business online. I prefer to be able to do business over the phone as well. I am not always in a location where I can get a secure internet connection. Hubert's answer is that once I'm into their site, it's completely secure. But, as I understand it, that doesn't cover me while I am entering in my password etc., only after I've accessed my account. So it seems to me my password is not protected if I'm using a non-secure internet connection. I don't use an I-pod or blackberry type of device or a smart phone, as I really have no need for them, and am not about to subscribe just in order to access Hubert.
I just joined Hubert recently, and am finding this a bit of a nuisance. I will put more money elsewhere.
December 23, 2011
I too find them cumbersome but who knows in a few years we might say they were ahead of time. BUT I have dealt with them on the phone and using the chat option. But honestly I do NOT like the set up they have for keying a GIC....NO review before submitting. In hind sight should signed up for Implicity.
October 21, 2013
August 5, 2014
Anyone that is telling you that savings accounts, GIC's and other interest rates are going to rise anytime soon are fooling you.
They will be falling as they have been since thet beginning of 2014. They don't want people to save money but spend it and rack up more and more debt so we can all be working until we are sick and if we able reach old age.
These rate promotions are a joke and give no real benefit to Canadian savers. Remember just 6 or 7 years ago you could get 4.00% to 4.50% savings account rates!