Personal Finance

WealthONE Bank of Canada

  • Last Updated:
  • Jul 5th, 2018 2:40 pm
Deal Fanatic
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May 7, 2007
5034 posts
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^ ^ ... I called there earlier today .. and REP confirmed it's now 2% ...as of today.

Marketing people's decision.
Jr. Member
Jun 24, 2015
111 posts
15 upvotes
Toronto, ON
Just opened accounts in Oct for the 2.5% interest rate..... Need to move money out again. Simplicity 3%, Tangerine and TD 2.5%. All of them are better the Wealthone now.
[OP]
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Jun 23, 2017
416 posts
153 upvotes
Toronto, ON
15june wrote:
Dec 7th, 2017 5:14 pm
Just opened accounts in Oct for the 2.5% interest rate..... Need to move money out again. Simplicity 3%, Tangerine and TD 2.5%. All of them are better the Wealthone now.
The rates you list for Simplii, Tangerine and TD are promotional rates, all with expiry rates within the next 90 days. The common practice among RFD'ers is to move funds to which ever institution is offering the highest rate.
If these promo rates ended today, I'd move my funds to EQ Bank.
Jr. Member
Jun 24, 2015
111 posts
15 upvotes
Toronto, ON
Called Wealthone to transfer money to Tangerine yesterday. Money showed up in Tangerine account very early this morning. Much better than Simplii and Tangerine since they need to transfer on the next day. Wealthone is not bad at all. If they did not decrease the interest rate from 2.5% to 2%, I will leave my money there.
[OP]
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Jun 23, 2017
416 posts
153 upvotes
Toronto, ON
WealthONE is definitely not as polished as the competition but that's fine when they were offering a non-promo 2.5% rate. Now that they've decreased it to 2.0%, I doubt I'll be using this HISA very much at all.
Deal Fanatic
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May 7, 2007
5034 posts
1301 upvotes
Just received email from Wealth One Bank not long ago. :)

Promo: 2.5% on the entire balance from June 26, 2018 until September 30, 2018.
[OP]
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Jun 23, 2017
416 posts
153 upvotes
Toronto, ON
Darkman wrote:
Jun 28th, 2018 7:29 pm
Just received email from Wealth One Bank not long ago. :)

Promo: 2.5% on the entire balance from June 26, 2018 until September 30, 2018.
I haven't gotten an email... is this offer for everybody? ... right now i'm using RBC e-Savings @ 2.5% promo rate good til August 15th only.
Deal Fanatic
User avatar
May 7, 2007
5034 posts
1301 upvotes
905P4N6 wrote:
Jun 28th, 2018 7:40 pm
I haven't gotten an email... is this offer for everybody? ... right now i'm using RBC e-Savings @ 2.5% promo rate good til August 15th only.
C/P:

Wealth One Bank <Marketing@wealthonecanada.com>

5:44 PM (2 hours ago)

to me

Great News!! We have just increased the interest rate on the WealthONE High Interest Savings Account (HISA) to 2.5%* for you.

Dear XXXXXX,

Great News!! We have just increased the interest rate on the WealthONE High Interest Savings Account (HISA) to 2.5%* for you. As an existing customer, the balance in your HISA account is already eligible for this exciting new rate. This rate will be in effect from June 26, 2018 until September 30, 2018 and will apply to your total account balance.

Your WealthONE HISA account is a great place to park and grow money with No Monthly Fee and No Minimum Balance.

Take advantage of this 2.5%* special rate promotion by transferring additional funds to your WealthONE HISA account to help save for a down payment on your dream home, take a family vacation or just simply save for a rainy day. It’s simple, fast and easy and all you need to do is login to our Online Banking and transfer money from your linked external account.

Any questions, please do not hesitate to call us at 1-866-392-1088, Monday to Friday 8am to 8pm (EST) or Saturday 10am to 4pm (EST). We will be more than happy to assist you.

Sincerely,

Harris Newman

Vice President, Sales and Marketing
Wealth One Bank of Canada
www.wealthonebankofcanada.com
[OP]
Member
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Jun 23, 2017
416 posts
153 upvotes
Toronto, ON
Darkman wrote:
Jun 28th, 2018 7:29 pm
Just received email from Wealth One Bank not long ago. :)

Promo: 2.5% on the entire balance from June 26, 2018 until September 30, 2018.
Tangerine just offered 2.5% for balance from July 4 to March 31, 2019 ... I'm hoping Simplii Financial has a better rate coming soon.

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