Expired Hot Deals

Simplii Financial

2.8% Interest Offer - by invitation only (YMMV)

  • Last Updated:
  • Sep 18th, 2020 12:58 am
[OP]
Sr. Member
Oct 10, 2006
789 posts
1325 upvotes
Ottawa

2.8% Interest Offer - by invitation only (YMMV)

Expiry:
August 31, 2020
Retailer:
Simplii Financial
I moved my money away just before April 30. Today (May 4) when I log in, I got a new offer of 2.8% from May 1 to August 31.

Offer Period: May 1, 2020 through August 31, 2020. To participate in the Simplii Financial™ promotional interest offer (the “Offer”), an eligible account holder must enroll during the Offer Period by accepting the online offer through online banking or by calling 1-866-747-8128.

The Offer is available by invitation only to select Simplii Financial High Interest Savings Account and/or Savings Account (“Eligible Accounts”) account holders during the Offer Period. The special annual interest rate of 2.80% is a combination of the regular annual interest rate on an Eligible Account balance (“Regular Interest”), plus the promotional annual interest rate (“Promotional Interest”) that is calculated at the end of the Offer Period on the Additional Balance (as defined below). Eligible Accounts will continue to earn Regular Interest on balances calculated daily and paid monthly. The Promotional Interest is calculated at the end of the Offer Period on the portion of an Eligible Account’s average daily closing balance during the Offer Period that exceeds the closing balance as at October 31, 2019 (the “Additional Balance”) to a maximum of $500,000 in Additional Balances aggregated across all of a primary account holder’s Eligible Accounts . Promotional Interest will not be paid on existing funds that were in a Simplii Financial Account as at October 31, 2019 and are transferred to an Eligible Account. If a savings account is overdrawn as at October 31, 2019, the closing balance will be deemed to $0.00. Promotional Interest will be paid in September 2020 into a single Eligible Account held by a primary account holder. Interest rates may change at any time without notice. Offer is non-transferable and cannot be combined with other promotional rate offers, and may be changed or cancelled at any time without notice . Other conditions and restrictions apply. Click here for the full terms and conditions of this offer.
98 replies
Member
Apr 19, 2009
302 posts
201 upvotes
I participated in the 2.8% promo that ended April 30th. Moved my money out May 1st. Didn't get this offer this time around
Deal Fanatic
User avatar
Jun 19, 2009
6110 posts
1972 upvotes
Scarborough
How do you get an invite? Didn't see anything when I logged in
Member
Dec 10, 2012
478 posts
210 upvotes
GTA
Do i need to log in with PC to see offer or it will show on mobile app?
Deal Expert
Jan 7, 2002
24417 posts
20530 upvotes
Waterloo, ON
Sweety wrote: I moved my money away just before April 30. Today (May 4) when I log in, I got a new offer of 2.8% from May 1 to August 31...
My 2.8% promo ended on 30Apr. I called Simplii a few days before that to ask what rate I'd get after 30Apr. Answer: 0.30%

I asked to schedule a transfer-out. Since there's more than CDIC limit involved they transferred me to a manager for approval.

I explained that 0.30% makes no sense when TING is offering 2.8%. He agreed but said that 0.30% is the best he can do.

So my money walked out the door. What a mickey mouse way to run a bank.

But it gets worse.

Now that my money is sitting at TING I've gotten an offer from Simplii for 2.0%. That's Simplii insulting. Not that I would have accepted 2.0% when TING is offering 2.8%. That's Simplii Doublii insulting.
veni, vidi, Visa
Deal Fanatic
May 23, 2003
9804 posts
1282 upvotes
GTA
bylo wrote: My 2.8% promo ended on 30Apr. I called Simplii a few days before that to ask what rate I'd get after 30Apr. Answer: 0.30%
i actually went to check the rates on Simplii site because I was thinking "no way that the HISA rate is that low".... wow, turns out it is! Yeah why even bother with HISA at that point, just spend all your money...

I need to relook at current offers since I don't think I was offered the 2.8% at Tangerine. Need to move some stuff around. I had had good luck before with a direct contact at Tangerine who helped with these promos but they changed the way they operate like 6 months ago and weren't able to receive incoming calls to their department anymore.
Jr. Member
Aug 4, 2019
131 posts
83 upvotes
I have heard this offer is for ppl with 100k plus

OP do you fall under this ?
Deal Expert
Jan 7, 2002
24417 posts
20530 upvotes
Waterloo, ON
YLSF wrote: i actually went to check the rates on Simplii site because I was thinking "no way that the HISA rate is that low".... wow, turns out it is!
Hey, it's still better than TING's base rate of 0.25% </sarcasm>

I had had good luck before with a direct contact at Tangerine who helped with these promos but they changed the way they operate like 6 months ago and weren't able to receive incoming calls to their department anymore.
Call their main number. Ask to have an agent from their outbound marketing team to give you a call. It will take a day or two but someone will call. You can discuss their current offers with them.

When I spoke with someone from that group a few days ago he gave me his extension number in case I needed to reach him again. I haven't tried that number yet.
veni, vidi, Visa
Newbie
User avatar
Jan 5, 2015
4 posts
Calgary, AB
Did you guys get paid out the extra interest on April 30?
Member
Mar 11, 2012
279 posts
214 upvotes
Surrey
Did you guys receive the whole intereste payment from simplii for the last 2.8% promotion yet? I still haven't gotten it.
Member
Sep 23, 2005
406 posts
230 upvotes
Toronto
I got an offer of 2.00% - would have moved money back for 2.8% but not 2.0%.
Banned
Apr 14, 2017
605 posts
896 upvotes
RFD
Didn't get any offer. Is it a pop-up when you open the app?
Deal Addict
Dec 7, 2009
1145 posts
666 upvotes
East of Toronto
Received a 2.0% offer to August 31st. They still have not credited my account for the bonus interest from the 2.8% promo that ended April 30th.
Deal Addict
Sep 8, 2006
1038 posts
646 upvotes
Edmonton
No offer when I log in
Member
Aug 14, 2004
288 posts
158 upvotes
Burnaby
Got 2%.. is that for all deposited amount?
Banned
User avatar
May 7, 2007
13912 posts
5692 upvotes
SPSPSPSP wrote: I have heard this offer is for ppl with 100k plus

OP do you fall under this ?
I had / have (it's on it's way out to TING now ... but still sitting at Simplii, until it's gone) 150K ... and didn't get this offer.

Maybe the trick here was / is ... that the OP said they moved their money our of Simplii "just before April 30th" ... and my money was still there on April 30th ... on May 1st (the day I deposited a check to TING via Mobile deposit and got credited with the transaction at TING) ... on May 2, May 3 and today, May 4th even ... my money physically still at Simplii :D

So maybe the OP moving it out before April 30 did the trick. :D
Banned
User avatar
May 7, 2007
13912 posts
5692 upvotes
fable wrote: Got 2%.. is that for all deposited amount?
That one is for new Deposits only .... you can call them and confirm this.
Jr. Member
Dec 27, 2012
197 posts
53 upvotes
BURNABY
spamwack wrote: Did you guys get paid out the extra interest on April 30?
Havent got paid for the Promo Interest also; In addition, I got short-changed of Interest this month--less than half of what I normally get in previous month!
Jr. Member
Dec 27, 2012
197 posts
53 upvotes
BURNABY
Darkman wrote: That one is for new Deposits only .... you can call them and confirm this.
Yes, guys pls read carefully the fine print: It only apply for New Deposit, not available fund you have. I called twice to extend promo interest, or at least get something, but no, nothing!

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