Personal Finance

Official RFD thread for High Interest Savings Accounts (Updated 2019-OCT-06)

Deal Addict
Oct 4, 2009
2423 posts
1169 upvotes
Montreal
Mcklain wrote:
Dec 3rd, 2018 8:12 am
Where are you seeing RBC 3.15%? Cant find anything on that promo...
Registration seems to be over but had been ongoing for nearly 2 months. 6 month promo duration and seems to adjust to base rate modifications, hence 3% became 3.15%. http://forums.redflagdeals.com/rbc-3-in ... t-2220375/
Never ended up bothering with it because had better options(HSBC 3.5%, Simplii 3.15%, Tang 3.15%).

CIBC at 3% seems like your best bet if unable to get more than 2.5% at Tang. I was on 3% with them and account was empty due to better options elsewhere, special dept called me out of the blue to inquire why I wasn’t using their “great rate” and matched Simplii. Didn’t move the Simplii money but am making use of the additional room at 3.15% because Simplii promo is capped at only 500k, Tang’s is 1000k.

Even without use of a partner a diligent saver could have several million at 3% today without straying from the big 5, irrespective of provincial residence.
Deal Addict
User avatar
Jul 25, 2008
1095 posts
166 upvotes
Ottawa
Can OP update the rates on page 1.
thx
[OP]
Deal Addict
User avatar
Dec 17, 2008
2497 posts
1503 upvotes
Winnipeg
cf7777 wrote:
Dec 4th, 2018 9:40 am
Can OP update the rates on page 1.
thx
I did contact via private message @angel_wing0 asking if I could do that. Waiting for their response
*Do you like someone's idea, post, or response? Why not consider giving them "thanks" and clicking the thumbs up to give them the credit they deserve.*
Deal Fanatic
User avatar
May 7, 2007
7432 posts
2432 upvotes
Shawguy wrote:
Dec 4th, 2018 11:45 am
I did contact via private message @angel_wing0 asking if I could do that. Waiting for their response
How would YOU be able to do that?

That's her post ... and only someone with Moderator's "power" can edit someone else's post. :)
[OP]
Deal Addict
User avatar
Dec 17, 2008
2497 posts
1503 upvotes
Winnipeg
Darkman wrote:
Dec 4th, 2018 12:22 pm
How would YOU be able to do that?

That's her post ... and only someone with Moderator's "power" can edit someone else's post. :)
I want permission to start a new thread...and they would Close this one.. And I'll update the new one. I've been on here for 10 years (as of 2 weeks from now) I'm not going anywhere. Lol
*Do you like someone's idea, post, or response? Why not consider giving them "thanks" and clicking the thumbs up to give them the credit they deserve.*
Deal Expert
Jan 7, 2002
16439 posts
8779 upvotes
Waterloo, ON
Shawguy wrote:
Dec 4th, 2018 11:45 am
I did contact via private message @angel_wing0 asking if I could do that. Waiting for their response
Strange that @[angel_wing0
• last updated the OP in March
• had this thread nominated for "one of the most helpful threads in RFD" so clearly something many people find useful
• is a moderator
• has been posting on RFD as recently as a few minutes ago.

That's not a very good example for a moderator to make, IMNSHO.
veni, vidi, Visa
Deal Addict
User avatar
Mar 8, 2006
1111 posts
32 upvotes
Called tangerine and told them my bank was offering a better rate and they gave me 3% for 6 months. Better than nothing.
Sr. Member
User avatar
Jun 23, 2017
669 posts
255 upvotes
Toronto, ON
martydxb wrote:
Dec 5th, 2018 11:28 am
Came in here to post this. I moved all the funds to EQ bank.
good choice if you're not into moving funds around to chase temporary better interest rates.
Sr. Member
User avatar
Jun 23, 2017
669 posts
255 upvotes
Toronto, ON
Shawguy wrote:
Dec 4th, 2018 12:27 pm
I want permission to start a new thread...and they would Close this one.. And I'll update the new one. I've been on here for 10 years (as of 2 weeks from now) I'm not going anywhere. Lol
The super-usefulness of a thread posting and ranking latest and greatest savings interest rates is (was) based on timely input and updating.

If this is no longer updated in a timely manner, I would support thanking angel_wing0 very muchly for services .. then have a new OP accept the baton and open a new thread to be updated in a timely manner for all to enjoy!
Sr. Member
User avatar
Sep 6, 2018
707 posts
593 upvotes
Nova Scotia
martydxb wrote:
Dec 5th, 2018 11:28 am
Came in here to post this. I moved all the funds to EQ bank.
905P4N6 wrote:
Dec 5th, 2018 11:30 am
good choice if you're not into moving funds around to chase temporary better interest rates.
If you're settling for leaving your funds in EQ anyway, you may want to consider Achieva Financial or Motive Financial.

Achieva offers 2.4% (standard ongoing, not a promo) plus they give you $1.00 per month for using paperless, and a $25 referral bonus if you deposit $250 at account opening and don't remove it for 30 days (make sure you sign up with someone's referral key.) I didn't have to chase them down for the bonuses, they were reliably and quickly deposited.

Motive offers 2.8% right now, no referral bonus that I know of, and most people open a chequing account at Motive as well to make transfers easier.

EQ works well as a conduit between my accounts at other institutions, but with all the other options above 2.3% I can't justify leaving my savings there...
Deal Expert
Jan 7, 2002
16439 posts
8779 upvotes
Waterloo, ON
905P4N6 wrote:
Dec 5th, 2018 11:36 am
The super-usefulness of a thread posting and ranking latest and greatest savings interest rates is (was) based on timely input and updating.

If this is no longer updated in a timely manner, I would support thanking angel_wing0 very muchly for services .. then have a new OP accept the baton and open a new thread to be updated in a timely manner for all to enjoy!
Agreed in general.

I have a related suggestion. It's beome evident that keeping the OP updated is a tedious, thankless job no matter who does it. Moreover there are websites that already perform this function, e.g. RateHub, Canadian High Interest Savings Bank Accounts and Cannex. So perhaps the OP's mandate should change from trying to duplicate what others are already doing to instead posting the links to those sites.

This thread can then remain to let people post announcements of changes in rates. (Or if it's decided to start a new thread then its OP should contain those links.)
veni, vidi, Visa

Top

Thread Information

There is currently 1 user viewing this thread. (0 members and 1 guest)