Has anyone noticed the big drop in savings account interest rates for PC Financial?
From my understanding, PC, ING & Canadian Tire do not have branches (in comparison with TD, RBC, etc.), thus they can redirect those savings in offering no fee services and higher interest rates. However, that is not the case. Today, PC Financial Interest Plus Savings account rates are currently the same as the big banks, like TD.
As of today:
TD Savings (GIA): 0.75%
PC Financial Interest Plus: 0.75%
Ing Direct: 1.35%
Canadian Tire: 2.00%
What's happening here? Anyone know? Although I opened up my PCF a few months ago and I understand the downturn impact...i'm tempted in switching over to INGDirect. They seem to be able to keep providing a higher interest rate than their competitors.
What do you think?
From my understanding, PC, ING & Canadian Tire do not have branches (in comparison with TD, RBC, etc.), thus they can redirect those savings in offering no fee services and higher interest rates. However, that is not the case. Today, PC Financial Interest Plus Savings account rates are currently the same as the big banks, like TD.
As of today:
TD Savings (GIA): 0.75%
PC Financial Interest Plus: 0.75%
Ing Direct: 1.35%
Canadian Tire: 2.00%
What's happening here? Anyone know? Although I opened up my PCF a few months ago and I understand the downturn impact...i'm tempted in switching over to INGDirect. They seem to be able to keep providing a higher interest rate than their competitors.
What do you think?