PC Financial ~2.25% Interest~ until Jan 31

[Shwa Girl]

Make your money grow faster in 2014

Everyone knows it’s important to save money. But let’s face it: it’s not easy. President's Choice Financial^® services is making it easier to do, with a limited-time 2.25% rate that helps you save more.
Right now earn 2.25% interest* from November 1, 2013 – January 31, 2014 on new deposits combined across any of these accounts:

• Interest Plus^™ savings account
• no fee bank account.

What are you waiting for? 2.25% is a great rate. Talk to us^† today!

www.pcfinancial.ca

[Shwa Girl]

ING Direct also has some high rates
http://forum.smartcanucks.ca/370964-...gerine-canada/

[Giving-Small]

One thing to consider is that it's just till the end of this month for this interest so it's 2 weeks at a higher rate. For Savings account rates, PC is general competitive month to month, so it's not a bad choice if you're just doing Savings/GICs.

I bank with PC Financial for some things but one thing that's happened alot to me lately is bumping into extra costs to moving investments from one bank to another especially if they are RRSPs. I have different expiration dates for 3 RRSPs at PC and if I move them as they mature, I get dinged about $50 each time, so I'm moving them all into a "savings" RRSP (ie. less than almost no interest) till the third is mature and then I'll pay the penalty to switch them.

Regular bank accounts still seem to be okay to close out but it's always worth asking. With low interest rates, it's easy to eat up all your earnings with $50 or $100 transfer fees.

[Shwa Girl]

I bank with PC Financial for some things but one thing that's happened alot to me lately is bumping into extra costs to moving investments from one bank to another especially if they are RRSPs. I have different expiration dates for 3 RRSPs at PC and if I move them as they mature, I get dinged about $50 each time, so I'm moving them all into a "savings" RRSP (ie. less than almost no interest) till the third is mature and then I'll pay the penalty to switch them.

Oooh. Dinged with fees! Not nice.

I would put on the Shwa Girl charm and ask them to waive the fee. Because you are a good customer. Can't hurt to ask.

[Giving-Small]

Asked and complained.

Oh yeah - there was the $25 fee for inactivity for a year (it was a savings account) - they did reverse that one, given that I had a very big savings account but gee whiz - that was nuts. Where did that come from? I had 3 other accounts and all were active.

Oh and no warning either.

So I'm very skeptic of the "no fee" as well as "fee" banks now.

[Shwa Girl]

Oh and no warning either.

Sorry this happened.
Probably in the account/RRSP agreement

The no activity fee - I heard some people transfer $1 or $10 (whatever is the minimum) at least once per year