Need recommendations for best options
So long story short, my partner has been with same bank his whole life (Scotiabank). After my disgust with the rates he gets for all his products and charges for his account considering his excellent credit and history, he's open to switching everything somewhere else. I am of the 'get the best rate possible' league. He can't be bothered spending time doing the hunting, so I'm sure his bank loves him because they can just slap on whatever new rates they want and he's never complained. He has excellent credit (mid 800s) so shouldn't have any issues getting good rates. What he's got now:
-ScotiaOne daily account (and pays about $13 month for it--grrr) He always has a few thousand in there
-RRSP account with Scotiabank (not sure what rate he gets but I would guess it's not compelling enough to stay)
-Scotia Mortgage -we've only got about 50K left on this, it's up for renewal, and the rate they are offering is 3.54 (on a 4 year adjustable--we are finishing up a 2.65 variable 4 year, they raised it in their 'offer' of renewal)
-Scotiabank value visa--ZERO benefits and he pays $29 annual fee.
-Scotia secured LOC (no balance, 30K available)--interest on this is I believe 2.3? May be the only 'good' think they are giving him.
So--if it was you, and you wanted to have everything (or at least most) switched somewhere else for simplicity--what would YOU do?
-ScotiaOne daily account (and pays about $13 month for it--grrr) He always has a few thousand in there
-RRSP account with Scotiabank (not sure what rate he gets but I would guess it's not compelling enough to stay)
-Scotia Mortgage -we've only got about 50K left on this, it's up for renewal, and the rate they are offering is 3.54 (on a 4 year adjustable--we are finishing up a 2.65 variable 4 year, they raised it in their 'offer' of renewal)
-Scotiabank value visa--ZERO benefits and he pays $29 annual fee.
-Scotia secured LOC (no balance, 30K available)--interest on this is I believe 2.3? May be the only 'good' think they are giving him.
So--if it was you, and you wanted to have everything (or at least most) switched somewhere else for simplicity--what would YOU do?