Personal Finance

TD or PC Financial Bonus Interest Offers -- Which one?

  • Last Updated:
  • Nov 24th, 2013 7:35 pm
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[OP]
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Mar 26, 2005
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TD or PC Financial Bonus Interest Offers -- Which one?

I've been targeted with two Bonus Interest offers on High Interest Savings Accounts: on from TD and the other from PC Financial. The offers:

- 2.00% /annum (1.05% Posted Rate + 0.95% Rate Bonus) on the TD High Interest Savings Account
- Target offer
- Open account by November 30, 2013, then deposit $5000 or more before February 28, 2014
- Bonus interest expires February 28, 2014
- More info at tdcanadatrust.com/bonusinterest


- 2.25%/annum on new deposits to Interest Plus™ savings account or no fee bank account
- Offer expires on January 31st, 2014
- Visit pcfinancial.ca/greatrate for the full terms and conditions of this offer and for more information, including current rates

I'm kind of torn between the two offers, but I'm kind of think about doing both offers: dumping my funds to PC Financial until the deal expires, then moving the funds to TD in February. What do you think is better?
11 replies
Deal Fanatic
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Jan 31, 2006
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Toronto
Depend on how much money you put into it. if $5K and 3 to 4 months period does not make much different at all.
Deal Fanatic
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Nov 23, 2005
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PC given that after the promo rate is up, their rate > TD.
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Mar 25, 2005
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cslusarc wrote:
Nov 6th, 2013 4:41 pm
I've been targeted with two Bonus Interest offers on High Interest Savings Accounts: on from TD and the other from PC Financial. The offers:

- 2.00% /annum (1.05% Posted Rate + 0.95% Rate Bonus) on the TD High Interest Savings Account
- Target offer
- Open account by November 30, 2013, then deposit $5000 or more before February 28, 2014
- Bonus interest expires February 28, 2014
- More info at tdcanadatrust.com/bonusinterest


- 2.25%/annum on new deposits to Interest Plus™ savings account or no fee bank account
- Offer expires on January 31st, 2014
- Visit pcfinancial.ca/greatrate for the full terms and conditions of this offer and for more information, including current rates

I'm kind of torn between the two offers, but I'm kind of think about doing both offers: dumping my funds to PC Financial until the deal expires, then moving the funds to TD in February. What do you think is better?
Isn't the math pretty simple?
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Apr 1, 2013
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don't want to open another acct at PC, which results in a credit inquiry
Sr. Member
Mar 6, 2010
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TD charges you 5 dollars for withdraw, who is better now in short term, huh. I have 7.5 in my TD high interest saving, but I can not withdraw lol.
Newbie
Feb 9, 2008
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PC offers higher interest and if you leave it in their no fee bank account you can probably defer the T5 income another 12 months.......
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Sep 13, 2003
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PC 2.25% is stupid though. I had money in the account already, but with the new promo, you don't get the 2.25%. You ONLY get the 2.25% on NEW DEPOSITS above your current balance. Didn't know that, so now I'm taking my money out.
cslusarc wrote:
Nov 6th, 2013 4:41 pm
I've been targeted with two Bonus Interest offers on High Interest Savings Accounts: on from TD and the other from PC Financial. The offers:

- 2.00% /annum (1.05% Posted Rate + 0.95% Rate Bonus) on the TD High Interest Savings Account
- Target offer
- Open account by November 30, 2013, then deposit $5000 or more before February 28, 2014
- Bonus interest expires February 28, 2014
- More info at tdcanadatrust.com/bonusinterest


- 2.25%/annum on new deposits to Interest Plus™ savings account or no fee bank account
- Offer expires on January 31st, 2014
- Visit pcfinancial.ca/greatrate for the full terms and conditions of this offer and for more information, including current rates

I'm kind of torn between the two offers, but I'm kind of think about doing both offers: dumping my funds to PC Financial until the deal expires, then moving the funds to TD in February. What do you think is better?
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Dec 24, 2007
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aquariaguy wrote:
Nov 24th, 2013 7:28 pm
PC 2.25% is stupid though. I had money in the account already, but with the new promo, you don't get the 2.25%. You ONLY get the 2.25% on NEW DEPOSITS above your current balance. Didn't know that, so now I'm taking my money out.
Same thing with the offer from TD.

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