Just heard on a radio commercial that the Canadian Tire High Interest Savings Account is offering 5.5% interest. I was so happy I had to check it out right away.
Don't get too excited. It's only a promotional interest rate applicable to new accounts for the first three months. After that it's 4%. Not bad compared to ING's 3.75% but not as good as PC Financial's 4.25%.
I have my PC Financial so sorry Canadian Tire. It's just not worth it for me to go through the trouble of opening an account for extra 1.25% for three months. Show me an interest rate higher than PC Financial and I will definitely consider.
A Canadian girl working hard for her money and learning to make her money work hard for her.
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3 comments:
I thought the same thing...but then noticed that with Canadian Tire you don't need the $1000 minimum that PC requires. It's a good option for those who want to start saving sooner.
It looks as though ICICI offer 4.5% but I think I'll stick with my PCF and ING accounts for now.
RFD has an article on Cdn. High Interest Savings Accounts: http://www.redflagdeals.com/deals/main.php/articles/savings1/ if you're looking for a comparison chart.
Thanks for the link!
I also looked at ICICI because of their high interest. However, the few reviews I read about their costomer were not favorable.
ING is actually the best customer service and user interface for me. If only they would raise rate...
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