Sunday, November 18, 2007

PC Financial lowered their Rates

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.


SavingDiva said...

I'm currently sticking with ING, but I don't know how many more interest rate drops I can handle!

Make More and Spend Less said...

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.

Anonymous said...

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.

Anonymous said...

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.