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Tue, Feb 24th, 2015, 01:23 PM #1
- Join Date
- Jun 2012
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- Toronto, Ontario
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So I was reading the thread on TD increasing their fees and account limits and I thought I should make everyone here aware of a new bank:
Canadian First Financial
Its a new schedule 1 bank (like the big 5), its covered by the CDIC for deposit insurance and is being innovative with its offerings:
1) Products are available through a limited number of mortgage brokers
2) Their best offering in my opinion is the EasyOne account. Its a high interest savings account as well as an unsecured line of credit of up to $25,000 starting at P+4%. Basically when you have a positive balance in the account you are paid interest at 1.30% and when you have a negative balance you are using the line of credit portion. Features include:
- no fees
- bank card for debit transactions and atm
- payroll deposit
- bill payment
- chequing
The rates are about 1/2 of most credit cards and can be used to pay off higher interest debts, renovations etc....basically whatever you want
I've attached a pdf with more detail if you would like to find out more.
Please contact me for any further questions or if you would like to sign up for an accountThis thread is currently associated with: N/ARobert Ganzhorn, Mortgage Agent, FSCO#11129
Dominion Lending Centres - YBM Group
[email protected]
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Each office independently owned and operated
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