May 20, 2016
I am glad that I didn't make much effort to open an account with WealthOne. rate drops, money out, as simple as that. If WealthOne attracted 100 million, I believe within a week or two, most of the 100 million will be gone as long as there is a better rate in the market. Right now, we have EQ at 2.3%, Simplli at 3% and Tangerine at 2.4 to 2.75%. For savings accounts, it's easy to move fund around to chase better rate.
Seems EQ has true non-promotion rate of 2.3%.