I cannot imagine any Canadian banking product could be worse than Manulife One, so I'd say go for it! You might also want to ask IG to cover the $100 for switching. I would also frankly demand that Manulife waive the fee given the circumstances, but I don't think they will bother.ManulifePain wrote: ↑We just can't stand the feeling of logging in every day knowing what has happened, so we have decided to jump ship and change to Investor's Group All-In-One. They are holding firm that their rate is prime and will stay that way and reflect that in all agreements.
They don't charge monthly fees, allow you to create sub-accounts and calculate interest in the same way.
M1 says they will let us out for $100.
IF ANYONE KNOWS ANY REASON THAT THIS IS NOT A GOOD IDEA, PLEASE PLEASE let me know.
Thanks.
Please let us know what your initial experiences are like with the Investors Group account. I also wonder if you'll encounter any additional costs with the changeover such as legal fees or appraisal expenses.
...also, stay tuned in here for the launch of a class action suit against Manulife in which you should still participate.
Congrats on the decision.. I am sure many will follow.