Personal Finance

First month's worth of financial data in for Motus Bank

  • Last Updated:
  • Jun 26th, 2019 9:20 pm
Jr. Member
Feb 7, 2019
195 posts
112 upvotes
dmehus wrote: @Sauerkraut Only downside is that they've since retroactively edited the T&C to limit the promo interest paid on balances to $100,000, not $500,00 like the first month and a half or so. So, for half of June onward, you're only earning 3.25% or 3.35% on balances to $100,000. But it's a good promo. I'd take it, if I didn't have ~$75,000 tied up in a 4.00% CDIC insured Coast Capital Savings GIC until December 2020. ;)

Cheers,
Doug
4% GIC! That's a good deal man!
[OP]
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Mar 25, 2012
1858 posts
1035 upvotes
Kelowna
sushislut604 wrote: 4% GIC! That's a good deal man!
Yeah, I took it out in early 2018, I believe, when Coast was doing a deposit raise special that was a 33-month non-redeemable GIC with a one-time convertibility option to a new GIC with a higher rate, plus a 0.10% bonus if you switch, that has a maturity equal to or longer than the remaining term for the existing GIC. Suffice it to say, I didn't expect I would need to convert my GIC. ;)

Cheers,
Doug

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