53 views and no reply ... I guess those 2 banks are really new that nobody has any opinion?
I have accounts with PC Financial and ING Direct. I have no experience with these banks.Hi guys,
I am looking to open a new high interest saving account and after looking around, I found a couple of choices (seems like PC, ICICI and Canadian Tire are not the best choice these days)
Canadian Direct Financial: 2.0% (insured under CIDC)
MAXA Financial: 2.0% (insured under CUDGC)
I never heard of these banks before, I am wondering if any of you have comments / experience on opening accounts with them? I just want a simple high-interest saving account that I can easily access online.
Thanks
Just remember that interest rates have to be considered in tandem with inflation rates; they have little meaning in isolation. I'm old enough to remember when standard savings accounts paid 5% interest and GICs paid 10% interest. But that was back in the late early 80s when inflation was about 10%. So in reality you were losing money if you put your money in a savings account at 5%, and you were barely breaking even with a GIC at 10%.I don't know about this, everytime I hear "high interest rate" and its
ING at 1.2% or these two new banks at 2%...high interest rate. What would 5% be or 10%?
sorry, just had to vent a little......lol
Actually, the ING rate is now 1.05% ... :-(I don't know about this, everytime I hear "high interest rate" and its
ING at 1.2% or these two new banks at 2%...high interest rate. What would 5% be or 10%?
sorry, just had to vent a little......lol