Personal Finance

Canadian Tire Bank HISA, regular 1.25%, special 1.45% (ending Oct 31, 2021)

  • Last Updated:
  • Nov 24th, 2022 6:47 am
[OP]
Sr. Member
Jan 21, 2012
570 posts
300 upvotes

Canadian Tire Bank HISA, regular 1.25%, special 1.45% (ending Oct 31, 2021)

The regular HISA rate is 1.8% without expiry, but to qualify for the bonus 0.2%, you need:

1. Have a valid Canadian Tire Bank Credit Card in good standing
2. Be opted in to receive Canadian Tire Bank Emails
3. Make a deposit into your HISA by July 31, 2020


Edit 1: The special 2% rate promo has been extended until Sept 30, 2020

Edit 2 on Sept 15, 2020: The qualification for the offer change to:
1. Have a valid Canadian Tire Bank Credit Card in good standing
2. Have a HISA with an account balance over $0.00 by September 30, 2020

https://www.ctfs.com/content/ctfs/en/re ... omers.html

Edit 3 on Apr 7, 2021: Rate change to 1.55% and those who qualified for the additional 0.2% bonus rate will get 1.75% now

Edit 4 on July 19, 2021: 1.25% or 1.45%

Edit 5 on Sept 30, 2021: bonus 0.2% will be available only until Oct 31, 2021
Last edited by lingecw on Sep 30th, 2021 12:13 pm, edited 10 times in total.
317 replies
Deal Addict
User avatar
Jul 29, 2013
1735 posts
1460 upvotes
Ontario
lingecw wrote: The regular HISA rate is 1.8% without expiry, but to qualify for the bonus 0.2%, you need:

1. Have a valid Canadian Tire Bank Credit Card in good standing
2. Be opted in to receive Canadian Tire Bank Emails
3. Make a deposit into your HISA by July 31, 2020

https://www.ctfs.com/content/ctfs/en/re ... omers.html
Standard rate to change any time without notice.
Not worth the gamble I think but thanks for posting.
Sr. Member
Mar 7, 2008
782 posts
235 upvotes
2% is NOT high enough.
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Deal Addict
Sep 3, 2005
2290 posts
675 upvotes
Toronto
WinterSleep wrote: EQ Bank is 2% already.
Not anymore, EQ is 1.70% effectively today! so if Canadian tire can hold the rate, I might transfer my balance to them soon
Deal Addict
Jan 26, 2016
2227 posts
2251 upvotes
Toronto, ON
spy cl wrote: Not anymore, EQ is 1.70% effectively today! so if Canadian tire can hold the rate, I might transfer my balance to them soon
It seems to be a whack-a-mole kind of problem :(
Deal Fanatic
Jan 21, 2014
6915 posts
4318 upvotes
I am contemplating open another account. What if CTFS reduces to 1.7% next week :(
Deal Guru
Dec 5, 2006
13060 posts
8305 upvotes
Markham
mkl38s wrote: I am contemplating open another account. What if CTFS reduces to 1.7% next week :(
Or might be tomorrow;)
Newbie
Jan 9, 2020
94 posts
32 upvotes
Does anyone know if there is a way to fund this account other than by sending them a check?
[OP]
Sr. Member
Jan 21, 2012
570 posts
300 upvotes
justanotherstranger wrote: Does anyone know if there is a way to fund this account other than by sending them a check?
You can set up the external link by sending in the form & void cheque.
Newbie
Jan 9, 2020
94 posts
32 upvotes
lingecw wrote: You can set up the external link by sending in the form & void cheque.
So its says on their website, that to initially setup the account, you need to send them a check that needs to get cleared, which means that I would have to physically mail it in. I assume you are referring to setting up external accounts subsequently after that first check is cashed in?
[OP]
Sr. Member
Jan 21, 2012
570 posts
300 upvotes
justanotherstranger wrote: So its says on their website, that to initially setup the account, you need to send them a check that needs to get cleared, which means that I would have to physically mail it in. I assume you are referring to setting up external accounts subsequently after that first check is cashed in?
Yes.
Deal Addict
User avatar
Sep 6, 2018
1876 posts
2279 upvotes
Halifax, Nova Scotia
For an RFD DP I decided to write my initial cheque for just 1 dollar. Will let you know if CTFS takes any issue with it.
Newbie
Aug 28, 2020
98 posts
46 upvotes
I applied for this account online, and they sent me a form that needs attestation of a guarantor who must be a lawyer, docter, notary public, ...
What a waste of time.
Sr. Member
User avatar
Jun 21, 2016
514 posts
948 upvotes
Toronto/Barcelona
aweawea wrote: For an RFD DP I decided to write my initial cheque for just 1 dollar. Will let you know if CTFS takes any issue with it.
Any update on this? Lulz
Deal Addict
User avatar
Sep 6, 2018
1876 posts
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Halifax, Nova Scotia
aweawea wrote: For an RFD DP I decided to write my initial cheque for just 1 dollar. Will let you know if CTFS takes any issue with it.
SoundlessWalker wrote: Any update on this? Lulz
The $1 cheque has been deposited, but I haven't received anything in the mail yet hehe... Seems like it's okay, will let you know when I get online access!
Member
Sep 12, 2013
259 posts
155 upvotes
Mississauga
I did the same. Received nothing in the mail.
They gave me the account # over the phone and was able to setup my online account. You can send Cheques from multiple banks to have them all linked.
Deal Addict
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Sep 6, 2018
1876 posts
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Halifax, Nova Scotia
Has anyone tried to link via EQ Bank's "void cheque" ?
Deal Addict
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Jul 16, 2019
1568 posts
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aweawea wrote: Has anyone tried to link via EQ Bank's "void cheque" ?
Better to make the link from EQ's end. They make it much easier.

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