I was browsing tonight and noticed that PC Financial's interest rate has gone from 4.25% to 4.1%. It's still better than ING's 3.75%, but is this the beginning? Beginning of lowering their interest rates? I'm going to have to watch this carefully.
I like ING's customer service and online interface much better than PC Financial's. So if PC financial gets closer to ING's I'm going back to ING with my money. I'm glad I kept my ING account just in case.
A Canadian girl working hard for her money and learning to make her money work hard for her.
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4 comments:
I'm currently sticking with ING, but I don't know how many more interest rate drops I can handle!
I was not aware of the interest rate drop, thanks for the update. I will be sticking with them for now, but Royal Bank is now offering an account with no fees and 4% interest. All of my money is there now so it is tempting to switch, now that the rates are similar.
I have high interest savings accounts with PC Financial, Achieva Financial, and ING Direct. ING have not been competitive in several years.
Right now Achieva Financial is giving 4.35 percent. I tend to move my money where the highest interest is given. I haven't moved my money from Achieva in a few years.
http://www.achieva.mb.ca/products/index.asp
As long as the FED is cutting rates, the interest rates on your Savings account is going to come down regardless of what bank it is with.
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