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Consider Wealth One
October 11, 2020
12:22 am
RetirEd
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November 18, 2017
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I'm once again considering moving some cash to Wealth One, as I'm at my CDIC limits and their rates are usually among the best.

I've inspected their web site and compared it to the posts here on CHISA. there appear to have been some changes - even their own site seems behind on info, though I would never act on anything without confirmation from someone live and a follow-up printed confirmation.

For me, I want:

-No requirement to initiate or use on-line banking

-Live telephone service (ideally the longest hours possible)
They seem to have increased their hours to 8am-8pm EST and also 10am-4pm Saturday - though their web site still shows shorter hours not serving west coast clients very well.

-Automated telephone service when no live service is possible
anyone know?

-Regular, free printed statements
anyone know?

-No-fee PADs
looks good, with up to 3 links and fast transfers

-Accessible bricks-and-mortar office
Their addresses have changed - downtown Hastings (no parking), then North Shore (a 40-minute minimum ride at full motorcycle speed with no Lion's Gate bridge traffic) and now Richmond. The latter is pretty good for me - a 20-minute manic motorcycle ride (hey, that's half the fun, eh?) when traffic's not hell, and they have parking.

I do my daily banking through a credit union (no fees for over-55 clients), and have a variety of GICs, high interest savings accounts and the like at other banks, so I really only need good rates and accessibility. At least this year, I won't be wanting to park more than $25K there.

Other than the Chinese connections, what more should I be looking at?
-RetirEd

October 11, 2020
1:02 pm
toto
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They are excellent. I especially like the speed of their electronic transfers. I feel fortunate that I bought 3 large gics from wealth One when rates were good, and I went long.

October 11, 2020
5:06 pm
Loonie
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October 21, 2013
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They have or had a branch in Markham Ontario as well, maybe others. The Markham one was in a strip mall, with parking. I drove past it once, just to see where it was located.
I have no experience with them.

October 12, 2020
7:49 am
Nehpets
Ontario
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Loonie said
They have or had a branch in Markham Ontario as well, maybe others. .....
I have no experience with them.  

It appears they still do, according to the login choices that include Markham, North York, Vancouver and a new option "broker" of which I don't know the significance.

I dealt with them when they first came on the scene, when they offered higher than average deposit rates, but those tapered off with time; although their current 1.60% rate for HISA puts them slightly higher than Motive's 1.55%, but lower than other current promos.

My experience there was that service was attentive and accurate, with the option to speak to a management person if and when additional information was needed. I would not hesitate going back there if rates became worthwhile.

Stephen

October 12, 2020
3:53 pm
Loonie
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At one point the North York location was closed. Perhaps they re-opened or re-located. I recall that the info on the website at that time was confusing re: that location.

I have nothing against them but I wouldn't hold my breath on their current HISA rate!

October 17, 2020
8:32 pm
RetirEd
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Thanks, guys. It appears that only the Richmond office is still open in BC.
RetirEd

October 18, 2020
10:08 pm
Vatox
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October 29, 2017
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The current login options are shown..044C6D0C-F9AE-437F-8477-224CF281552A.jpeg

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