Is Simplii still sending out the 2% offer or is this pretty much done now?
Official RFD thread for High Interest Savings Accounts (See Thread Summary for Updates)
- Last Updated:
- Mar 17th, 2024 5:43 pm
Tags:
- SCORE+255
- choclover
- Deal Fanatic
- Oct 7, 2007
- 9406 posts
- 5374 upvotes
- jadoogar
- Deal Addict
- Oct 13, 2008
- 2200 posts
- 4616 upvotes
- Mississauga
What about DUCA at 1.5% till Jan.31, 2022?markdweasel wrote: ↑ Can't get Simplii offer. I didn't see it in my splash screen when I logged in ( visa offer only) and when I called I was told I wasn't targetted and couldn't be enrolled.
my promo at Manulife just ended and next best thing is EQ @1.25.
Thanks for any insights u can offer.
Mark
Telus $30/75gb US-Canada Plan x 3 lines, $10/Talk& Text line - 24 mths
VVM, 2000 LD minutes, CAN-Int'l Text ($0), 0$ AppleWatch, 5$ CAN-US only Tablet
Rogers $48.99 /24 mths, Ignite 1.5G internet
CIBC, Tang and EQ
VVM, 2000 LD minutes, CAN-Int'l Text ($0), 0$ AppleWatch, 5$ CAN-US only Tablet
Rogers $48.99 /24 mths, Ignite 1.5G internet
CIBC, Tang and EQ
- markdweasel
- Sr. Member
- Aug 16, 2005
- 765 posts
- 194 upvotes
- cardero
- Sr. Member
- Sep 14, 2009
- 982 posts
- 670 upvotes
- Kingston
- TheDgoat
- Deal Addict
- Dec 12, 2003
- 2883 posts
- 1622 upvotes
HSBC 1.75% in new money until December 16,2021
- leocleoc
- Sr. Member
- Mar 12, 2009
- 508 posts
- 557 upvotes
- Ontario
Refer to this post for more information about HSBC
hsbc-high-rate-savings-1-75-2489641/
hsbc-high-rate-savings-1-75-2489641/
- AFG786
- Deal Addict
- Dec 21, 2012
- 2058 posts
- 334 upvotes
- Toronto, ON
Anything promising with the big 5? lol
Edit: Found 1.25% at CIBC for the first 120 days.
Edit: Found 1.25% at CIBC for the first 120 days.
- rilhouse
- Deal Addict
- Aug 30, 2003
- 3409 posts
- 223 upvotes
I wasn't credited the 2% interest I'll have to call Simpli and find out what happened. FYI check your account.
- bylo
- Deal Expert
- Jan 7, 2002
- 29711 posts
- 29135 upvotes
- Waterloo, ON
If your promo ended 30Sep then you won't see the bonus interest payment until ~15Oct. This has been discussed upthread many, many times. It's how Simplii works.
veni, vidi, Visa
- Riffer
- Deal Addict
- Feb 6, 2003
- 2158 posts
- 518 upvotes
- COU
Thanks. I didn't get my 2.2% for the new client offer and thought it was the typical CIBC delay in doing just about anything. I see the 2.2% is paid in November.
- rilhouse
- Deal Addict
- Aug 30, 2003
- 3409 posts
- 223 upvotes
The promo started Sept. 1 and ends Feb 28, 2022. But what you are saying is correct, I read the fine print on the offer confirmation email and it says promo interest will be paid in March 2022. Personally I like that so I won't be paying tax on it until the next year.
- LOL808
- Deal Guru
- Jan 30, 2012
- 10045 posts
- 3759 upvotes
- multi city dweller
technically, taxpayers have to pay tax on interest in the period/year the interest was earned/accrued ... not in the year it was paid or credited to the taxpayer ...
- bylo
- Deal Expert
- Jan 7, 2002
- 29711 posts
- 29135 upvotes
- Waterloo, ON
As do I when I get a Simplii promo that ends in a new year. In your situation you won't get the T5 until a year later (by end of Feb23) and won't have to pay tax on it until end of Apr23.
Not quite. With one year or shorter term deposits (HISAs, GICs, bonds, etc.) interest is paid either on a regular basis (e.g. monthly) or at maturity. Regardless the T5 gets issued in Jan/Feb of the following year. That's the situation that @rilhouse is in.
For deposits with a longer maturity and where interest is compounded, the full interest is paid only at maturity. But CRA requires that accrued interest is accounted for on every annual anniversary. So e.g. if I buy a 5-year compound interest GIC today, the first annual accrual will be on 01Oct22. No interest will get paid then. A T5 for that interest will be sent out in Jan/Feb23 and I'll have to pay tax on that by 30Apr23. I won't actually get the interest until the GIC matures on 01Oct26. (And since I've already gotten T5s for annual accruals in years 1 through 4 and paid tax on them, the T5 for 2026 that gets sent in Jan/Feb27 will only include the last year's interest.)
veni, vidi, Visa
- Blubbs
- Deal Fanatic
- Mar 21, 2013
- 6156 posts
- 10805 upvotes
- Canada
Manulife 2% promo coming to an end Oct 15, anywhere worth the hassle to send my $100k or just go back to EQ bank?
- unclefester
- Sr. Member
- Oct 7, 2013
- 740 posts
- 534 upvotes
My Manulife promo ended early last month
I moved directly to DUCA - they're paying 1.5 % 'til January 31 2022
I've been with DUCA off and on for 3 plus years now
And I would recommend them - all thing being equal - to anyone and everyone
- flyjazz
- Deal Addict
- Mar 14, 2014
- 1354 posts
- 2023 upvotes
Promotions come and go, if you need an temporary place to park funds, there's always the HSBC 1.75% until Dec 16th. With luck something else will come up in the interim, ie, another Manulife offer, Simplii opens up their current 2% to everyone, or you get targeted by Tangerine again with another offer. All those offers are typically only helpful if you've already emptied out your accounts.
Duca is great if you're a Ontario resident, many of us are not.unclefester wrote: ↑ My Manulife promo ended early last month
I moved directly to DUCA - they're paying 1.5 % 'til January 31 2022
I've been with DUCA off and on for 3 plus years now
And I would recommend them - all thing being equal - to anyone and everyone
- leoben
- Deal Addict
- Dec 8, 2008
- 1887 posts
- 225 upvotes
- GTA
can i open a DUCA account online? i am abroad right now and can't visit/hard to mail stuff inunclefester wrote: ↑ My Manulife promo ended early last month
I moved directly to DUCA - they're paying 1.5 % 'til January 31 2022
I've been with DUCA off and on for 3 plus years now
And I would recommend them - all thing being equal - to anyone and everyone
- unclefester
- Sr. Member
- Oct 7, 2013
- 740 posts
- 534 upvotes
- iamdman
- Deal Addict
- Aug 12, 2004
- 2822 posts
- 1198 upvotes
What is the maximum amount that can be placed in the DUCA account to earn the 1.5%? I am not able to see any limits in the fine print:flyjazz wrote: ↑ Promotions come and go, if you need an temporary place to park funds, there's always the HSBC 1.75% until Dec 16th. With luck something else will come up in the interim, ie, another Manulife offer, Simplii opens up their current 2% to everyone, or you get targeted by Tangerine again with another offer. All those offers are typically only helpful if you've already emptied out your accounts.
Duca is great if you're a Ontario resident, many of us are not.
Interest rate is per annum, calculated daily and paid monthly. Rate expires after January 31, 2022 and is subject to change or withdrawal before that date. Eligible deposits must be new money deposited at DUCA from a new or existing Member. Money already on deposit at DUCA in the form of a term deposit, savings/chequing account, or other investment is not an eligible deposit. The Promotion account is not accessible at an ATM and cannot be used for bill payments, telephone banking, remote cheque deposits, or any type of e-transfer. At the end of the campaign, all funds in the Promotion account will automatically transfer into the Member's regular (non-promotional) Earn More Savings Account.
- unclefester
- Sr. Member
- Oct 7, 2013
- 740 posts
- 534 upvotes
Thread Information
There are currently 2 users viewing this thread. (0 members and 2 guests)