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When is Achieva going to raise their rates?
March 14, 2022
10:32 am
Alexandra
British Columbia
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I have three TFSA GIC's with them and two non-registered GIC's. One of the tax free accounts has been sitting in a TF savings account @1.1% since January and another GIC comes due in early April. I'll give it another week, otherwise I am going to cash out these two and re-invest in TFSA in 2023. Seriously thinking of getting out of Achieva all together. One nice thing though: I have been receiving $1.00 every month from them for quite some time. Got this for agreeing not to have monthly mail out statements. sf-embarassed No one offering that anymore. There were a couple of others that did this a few years back, but I didn't take advantage of it.

March 14, 2022
12:01 pm
Brimleychen
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Don’t wish any FI rates increase. Just always move to the best rate FI.

I have big TFSA gic 3.5% from Hubert matured in may, I will continue to stay there for good five years rate if they have. I just take the best rate at the market which 3.15% at EQ, just go online and open TFSA at EQand enter those detail from Hubert TFSA GIC, download the transfer form and signed it and upload it back. It just take me 15 min, and done.

March 19, 2022
5:34 pm
rodeworthy
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Alexandra said
I have three TFSA GIC's with them and two non-registered GIC's. One of the tax free accounts has been sitting in a TF savings account @1.1% since January and another GIC comes due in early April. I'll give it another week, otherwise I am going to cash out these two and re-invest in TFSA in 2023. Seriously thinking of getting out of Achieva all together. One nice thing though: I have been receiving $1.00 every month from them for quite some time. Got this for agreeing not to have monthly mail out statements. sf-embarassed No one offering that anymore. There were a couple of others that did this a few years back, but I didn't take advantage of it.  

Alexandra, like you I have been concerned about what is happening at Achieva. I have a special affinity for that CU since they were my first online banking experience. We opened accounts in late 2006 and started depositing in them in 2007. Have enjoyed the experience and the good people at Achieva throughout that time. Until recently they had competitive, if not higher, interest rates. I wonder what effect the mergers occurring around them are having? I have had to move funds from there in the past year. 1.25% for savings account was my bottom line for a savings account.

I am happy to report that a check today reveals that Achieva has raised their rates:

Daily 1.30%
1-yr 1.75%
2-yr 2.10%
3-yr 2.25%
4-yr 2.5%
5-yr 2.85%

Not leading rates but respectable and a move in the right direction. Not sure if these changes have been reported before. I am somewhat relieved. I really want this CU to do well. I like the way they do business and will give them some more time.

March 20, 2022
9:02 am
Shawguy
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Achieva only adjusts it's saving rates at the beginning of each month. GIC's they will update more frequently sometimes but may also wait till the start of the month is what I was told when I called them

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