HSBC/PC Savings 4.25%

[Kev84]

More Update:
Hsbc is also @ 4.25%,
also read somewhere in my thread (w/ uncertainty) TD is offering 3.5% for GIC + 1.25% as bonus.

UPDATE: PC OWNS @ 4.25%

Just got an email from HSBC, effective October 11, 07.
Direct Savings account will increase from 3.5 to 4.05%
Beats PC by 0.5%. Well, i still think PC is better cause no fees everything, but just incase anyone is interested. Heres the mail i got


P.S. Don't burn and sorrie if its repost :lol:

************************
Thank you again for opening a Direct Savings Account with HSBC. We have some great news for you. Effective October 11, 2007, the everyday savings rate on your Direct Savings Account will increase from 3.50% to 4.05%* - making your savings work harder for you so you can reach your financial goals faster.

Your Direct Savings Account gives you the control and flexibility to manage your finances when it is most convenient for you - plus access to your money without fees through Canada's 2nd largest ATM network**.

Don't just dream, plan.

Sincerely,

Shelley Maher,
Vice President, Direct Channels
HSBC Bank Canada

[Bridge]

PC's Rate is now 4.25%

http://www.banking.pcfinancial.ca/a/rates/savingsPlusAccountRate.page


So cold..... unless you have less than $1,000 - PC's best rate is then only 3.05%

[ynchu]

ha ha ha, I thought that was a spam or fake email!

[s2kdarren]

i opened up a pc account at 4%... i had no idea its now 4.25... is this change automatically updated in my account?

[macuser]

Yay!

I have a HSBC Direct account because:

It's more convenient for me (no PCF or CIBC near me, while I do have a HSBC AND BMO branch close by)
Unlimited transactions (verified by my 3-page-long statement this month lol)
HSBC is in many, many, many countries. I can just shove my HSBC card in a machine in HK and just get charged for the conversion.


So, it isn't really as cold as many people make it out to be.

[consumerPI]

Wow, that's much better than ING which is only at 3.75%

What the heck happened to ING? Sad.

PC's Rate is now 4.25%

http://www.banking.pcfinancial.ca/a/rates/savingsPlusAccountRate.page


So cold..... unless you have less than $1,000 - PC's best rate is then only 3.05%

[jkyc]

Just want to ask how much is that for the transfer fee if we transfer money from a canadian hsbc to hk hsbc???

[basketball]

PC's Rate is now 4.25%

http://www.banking.pcfinancial.ca/a/rates/savingsPlusAccountRate.page


So cold..... unless you have less than $1,000 - PC's best rate is then only 3.05%

Wow...when did this happen?....this is sweet!!

[Mendesb]

Wow...when did this happen?....this is sweet!!

yeee boy PC +1

[urameatball]

OMG, PCF is now at 4.25%?
That's so hot!!! makes me so horny

[wolvie11]

OMG, PCF is now at 4.25%?
That's so hot!!! makes me so horny

thats just plain disturbing...

[bestjsg]

Just want to ask how much is that for the transfer fee if we transfer money from a canadian hsbc to hk hsbc???

it is quite expensive, my wife just did it once recently, something like 5% of the total plus some service charge from the HK side also, she called the phone banking line and got all the details, you may want to do the same to find out.

Bottomline is unless it is urgent, I personally would not use this service but just send a bankdraft or soemthing...

[agentbob]

I'm seeing 5% on their website at http://www.hsbcdirect.ca/1/2/

[yoshi838]

I'm seeing 5% on their website at http://www.hsbcdirect.ca/1/2/

5% promotional rate is only good till Oct 10. After that (Oct11 and on), the rate used to be 3.5%, and now the are increasing that to 4.05%.

Lucky I have CIBC / Loblaws (PCF) close by so I am enjoying my 4.25%. Like many other customer, I don't even know when the rate was boosted :cheesygri

[contact]

Yay!

I have a HSBC Direct account because:

It's more convenient for me (no PCF or CIBC near me, while I do have a HSBC AND BMO branch close by)
Unlimited transactions (verified by my 3-page-long statement this month lol)
HSBC is in many, many, many countries. I can just shove my HSBC card in a machine in HK and just get charged for the conversion.


So, it isn't really as cold as many people make it out to be.

I was told by HSBC Canada that if you access HSBC bank machine outside Canada, they still charge you access fee. HSBC Canada and HSBC US are considered as two different banks. ING does the same.

[wolvie11]

or you can do it like me

Link up my PCF and HSBC accounts thru online banking.. bank to bank transfer is free between PCF and HSBC direct saving.

Keep a reasonable amount in HSBC for convinient ATM uses.

If I need some over the counter service, like wire larger amount of $$ oversea, just transfer online ahead of time, it only takes about 5 days to transfer between accounts.

You get the best of both worlds

[bestjsg]

or you can do it like me

Link up my PCF and HSBC accounts thru online banking.. bank to bank transfer is free between PCF and HSBC direct saving.

Keep a reasonable amount in HSBC for convinient ATM uses.

If I need some over the counter service, like wire larger amount of $$ oversea, just transfer online ahead of time, it only takes about 5 days to transfer between accounts.

You get the best of both worlds


Is PCF an online type of account also ? Do you have to have a cheque account to get money in and out ?

[ren1129]

i am interested to know, too.

i'd like to assume that my current account is now enjoying 4.25%, but with all those "new accounts only" promotion, i have become pessimistic.

i opened up a pc account at 4%... i had no idea its now 4.25... is this change automatically updated in my account?

[I2icky]

ING is quite sad actually. Even my RBC eSavings account has increased its interest rate to 4%. When ING was at 3.25, my RBC eSavings was at 3.75%, so I guess they're lagging behind.

I like eSavings better than PC due to work reasons, convenience, and sentimental reasons :p

[macuser]

I was told by HSBC Canada that if you access HSBC bank machine outside Canada, they still charge you access fee. HSBC Canada and HSBC US are considered as two different banks. ING does the same.Oh. Oh well, at least it works. I'll probably rarely, if ever, use it.

[PhoeniX Skye]

Is PCF an online type of account also ? Do you have to have a cheque account to get money in and out ?

Yes

[demanche]

Just so you guys know, Canadian Tire Financial has a upcoming promotion rate of 5.5% on their high interest savings accounts

[maple168]

What is MAX amount of the interest which the bank will not send you the T5 form? Is it $99 or $49?

[recordman]

Most likely no form if interest is < $50.

What is MAX amount of the interest which the bank will not send you the T5 form? Is it $99 or $49?

[ggs]

Just so you guys know, Canadian Tire Financial has a upcoming promotion rate of 5.5% on their high interest savings accounts

link?

[Lyrrad0]

link?

https://www.myctfs.com/

[Jucius Maximus]

i opened up a pc account at 4%... i had no idea its now 4.25... is this change automatically updated in my account?
Yes.

All Interest Plus Accts are at 4.25% as long as you have at least 1000.01 in them.

[hagbard]

PC's Rate is now 4.25%

http://www.banking.pcfinancial.ca/a/rates/savingsPlusAccountRate.page


So cold..... unless you have less than $1,000 - PC's best rate is then only 3.05%

Huh?

BTW, wasn't there some problem with easily removing money from PCF? Would like to know, I have a fair bit with them now.

[saskwatcher]

"Interest paid on balances up to $1 million. Rate subject to change. 5.0% promotional interest rate will be applied to account from July 10, 2007 to October 10, 2007 for Direct Savings Accounts opened during this same period. This promotional interest rate will be available only to new HSBC customers, who open a Direct Savings Account between July 10, 2007 and October 10, 2007. After October 10, 2007, the interest rate on the Direct Savings Account will be 4.05%. Offer may be withdrawn, amended or extended without notice. Interest calculated daily, paid monthly based on your statement cycle date." :idea:

http://www.hsbcdirect.ca/1/2/

[saskwatcher]

https://www.myctfs.com/
Here are details from the URL.

"For a limited time, earn 5.50%[1] (compared to our regular 4.00%) for the first 90 days, on your first Canadian Tire High Interest Savings™† account. On balances up to $100,000.

Reach further with our† new Canadian Tire High Interest Savings™ account. No monthly fees. No minimum balance. And bonus Canadian Tire ‘money’*. Nice."

[1] "Rates quoted as of September 17, 2007 and subject to change without notice. Interest is paid monthly and is calculated daily based on the daily closing balance. Bonus rate is paid instead of and not in addition to the regular rate and applies only: (i) to a customer's first Account (including joint Accounts), provided the application for the Account was received after May 15, 2007; and (ii) once the Account is opened, to balances up to and including $100,000 for 90 days starting on the day of the first deposit into the Account. On all credit balances after those 90 days and on any credit balance over $100,000 during those 90 days, only the regular variable rate of interest (currently 4.00%) then in effect for this type of account will apply. This offer ends on December 31, 2007 and may be changed, extended or withdrawn without notice."

* In the form of an Electronic Canadian Tire 'money'™ gift card. Available only if opening new account. Only one card will be awarded for each joint account. Canadian Tire Bank reserves the right to limit the number of new accounts per customer eligible for this offer. Offer may be changed or withdrawn without notice. See card for additional conditions.

[kevinnashho]

i opened up a pc account at 4%... i had no idea its now 4.25... is this change automatically updated in my account?

yup! auto update to 4.25% for all :)

[kevinnashho]

ING is quite sad actually. Even my RBC eSavings account has increased its interest rate to 4%. When ING was at 3.25, my RBC eSavings was at 3.75%, so I guess they're lagging behind.

I like eSavings better than PC due to work reasons, convenience, and sentimental reasons :p

i agree, how has the once mighty ING fallen... i transferred all my money from ing to pc a year ago... so much better than ing

[consumerPI]

Sweet! Until then, ING is dead to me. PC is the topic of the day.

Just so you guys know, Canadian Tire Financial has a upcoming promotion rate of 5.5% on their high interest savings accounts

[StoneColdWhat]

any current promotions with new accounts and what not ?

[rudel1]

Too bad PCF doesn't offer their high-interest accounts for quebec residents. :(
I hope they eventually change that!

[simms]

ING is now at 4.3%...

http://home.ingdirect.com/products/products.asp?s=OrangeSavingsAccount

[WHO]

What is MAX amount of the interest which the bank will not send you the T5 form? Is it $99 or $49?

Below 50$, there will be no tax receipt and CRA will have no way to know you made this income unless they specifically decide to audit your branch to find out (and CRA usually doesn't spend thousands of dollars to recover income tax on 50$ worth of revenue).

But, by law, you're required to declare it, though.

[xaueious]

where do you withdraw money from canadian tire?

and same questino for hsbc?

[mahjongmaniac]

Wow, that's much better than ING which is only at 3.75%

What the heck happened to ING? Sad.

good q? ... i haven't seen ING commercials for ages

i miss the guy that says "save your money"... :D

-----

OMG, PCF is now at 4.25%?
That's so hot!!! makes me so horny

LOL WTH? :lol:

[hayama]

where do you withdraw money from canadian tire?

and same questino for hsbc?

For HSBC, you can withdraw at HSBC or BMO ATMs.

[bembem]

which ATM's can you withdraw USD from?

[Aware]

Is PC 4.25% on balance over $1000?
i.e. if you have $5000, you still get 1% for balance for first $1000. Then it's 4.25% for balance over $1000. Has anyone checked out the fine print?

[RestIsHistory]

For HSBC, you can withdraw at HSBC or BMO ATMs.

Does the Direct Savings acct withdrawal work with BMO now? I tried it last month and it didn't give me the option to select the Direct Savings acct.

[Aware]

Does the Direct Savings acct withdrawal work with BMO now? I tried it last month and it didn't give me the option to select the Direct Savings acct.

I have not tried BMO ATM, but I have tried the Exchange ATM. You have to use the Savings account option, not the chequing account option on the ATM.

[ShoppingMad]

Outlook Financial - 4.35%

http://www.outlookfinancial.com


http://www.icicibank.ca - 4.5%

[willy]

Is PC 4.25% on balance over $1000?
i.e. if you have $5000, you still get 1% for balance for first $1000. Then it's 4.25% for balance over $1000. Has anyone checked out the fine print?
I don't think so ... As long as your daily balance >= $1000.01, you will get 4.25% on the whole balance.

[Dots]

thats just plain disturbing...+1

[bubble.tea]

....
http://www.icicibank.ca - 4.5%

The Indians know how I like it.Gulab Jamuuun, and Chapati FTW!!!


ICICIFTW!!!

[Vasyl]

Is PC 4.25% on balance over $1000?
i.e. if you have $5000, you still get 1% for balance for first $1000. Then it's 4.25% for balance over $1000. Has anyone checked out the fine print?

when your daily balance is over $1,000.00, you'll get one of the highest interest rates available on the entire amount — plus a bonus2 on each anniversary of when your account was opened

[StoneColdWhat]

so no current deal for new accounts anywhere ?

[tkyoshi]

Does the Direct Savings acct withdrawal work with BMO now? I tried it last month and it didn't give me the option to select the Direct Savings acct.

Yes use the Savings button, if it doesn't work call HSBC. It might just not be linked to your card properly.

Also you can now use BMO machines in addition to HSBC Machines to deposit money as well.

[HunkaHunkaBurningLove]

Well it looks like HSBC is protecting their territory since they're upping their rate to 4.25%. Someone called me up from HSBC saying that they wanted to make sure their clients knew that they were updating the rate to 4.25% instead of the 4.05% come October 15.

I was thinking of switching out, but now there's not much point in doing so! Sweet bajeebers I'm loving it.

[bubble.tea]

..... Someone called me up from HSBC saying that they wanted to make sure their clients knew that they were updating the rate to 4.25% instead of the 4.05% come October 15.....

WHAT??? I never got a call yet :D.

[HunkaHunkaBurningLove]

You have to sign up for the "Call Me, I'm Special List." They only send that application to qualified customers. :cheesygri

Actually, I would have just preferred to get an email since really all they let you know about is the new rate and ask you a few questions. Here's the low down:

http://www.hsbcdirect.ca/1/2/en/learn-more/direct-savings-account

Ooh my bad - it's effective October 11.

[bubble.tea]

You have to sign up for the "Call Me, I'm Special List." They only send that application to qualified customers. :cheesygri .....

hehe.

[Mendesb]

The Indians know how I like it.Gulab Jamuuun, and Chapati FTW!!!


ICICIFTW!!!

lol ur indian too?


nways dont forget PC has an annual bonus. so its really more than 4.25%

[wilburyan]

ICICI Bank has the highest rate I've been able to find.

4.5% on CAD Balances, 5% on US Balances. It's not a promotional offer and there are no fees on the account. http://www.icicibank.ca/

[can2000]

You have to sign up for the "Call Me, I'm Special List." They only send that application to qualified customers. :cheesygri

Actually, I would have just preferred to get an email since really all they let you know about is the new rate and ask you a few questions. Here's the low down:

http://www.hsbcdirect.ca/1/2/en/learn-more/direct-savings-account

Ooh my bad - it's effective October 11.

Yeah, from today!

[canadian250]

As of the 15th, TD Canadatrust is offering 4.75% on newly opened savings accounts.

[can2000]

As of the 15th, TD Canadatrust is offering 4.75% on newly opened savings accounts.

Where is the link?

I don't see 4.75% here.

http://www.tdcanadatrust.com/accounts/compare_savings.jsp

[yoshi838]

Where is the link?

I don't see 4.75% here.

http://www.tdcanadatrust.com/accounts/compare_savings.jsp

It is a bonus of 1.25% on top of the regular 3.5%.

I am a long-time TD customer and received this notice from the mail.

[rvs007]

It is a bonus of 1.25% on top of the regular 3.5%.

I am a long-time TD customer and received this notice from the mail.

I can confirm this as well. I got the notice last week. If I remember correctly, it only applies to their GIA account.

[yoshi838]

I can confirm this as well. I got the notice last week. If I remember correctly, it only applies to their GIA account.

Yes, Guaranteed Investment (Saving) Account.

It is basically HSBC-equivalent of High-Rate Saving.

You can transfer money in and out from the account anytime you want.

Free Unlimited transfer in
1 x Free transfer out monthly and $5/transfer out there after.

Ends March 31 of 2008.

[moko]

Well it looks like HSBC is protecting their territory since they're upping their rate to 4.25%. Someone called me up from HSBC saying that they wanted to make sure their clients knew that they were updating the rate to 4.25% instead of the 4.05% come October 15.

I was thinking of switching out, but now there's not much point in doing so! Sweet bajeebers I'm loving it.

Yup,
HSBC is also offering 4.25% (it even says on their website, hsbcdirect.ca, for a while now, at least for the past 2-3 weeks, i've been seeing the notification)
plus no minimum limit, unlimited interact transaction/ABM withdrawal transaction.
I guess HSBC owns now :cheesygri (time to change the title, OP)

[canadian250]

It is a bonus of 1.25% on top of the regular 3.5%.

I am a long-time TD customer and received this notice from the mail.

Yes, it's a bonus rate on top of their 3.5%. The good thing about it is that the bonus rate is good till the end of March 2008. If interest rates stay the same, you'll enjoy 4.75% for another 5 months.

[pigqq]

or you can do it like me

Link up my PCF and HSBC accounts thru online banking.. bank to bank transfer is free between PCF and HSBC direct saving.

Keep a reasonable amount in HSBC for convinient ATM uses.

If I need some over the counter service, like wire larger amount of $$ oversea, just transfer online ahead of time, it only takes about 5 days to transfer between accounts.

You get the best of both worlds

As I was told by the representative of PCF, you have to get a HSBC checking account to transfer money from PCF to HSBC. The reason is HSBC direct saving does not have a check associated with it. But you can transfer money from HSBC direct saving account to PCF checking. I am sure HSBC will not charge for that. I don't know if PCF will charge for receiving money. Please correct me if I have wrong understanding

[ItemFinder]

As I was told by the representative of PCF, you have to get a HSBC checking account to transfer money from PCF to HSBC. The reason is HSBC direct saving does not have a check associated with it. But you can transfer money from HSBC direct saving account to PCF checking. I am sure HSBC will not charge for that. I don't know if PCF will charge for receiving money. Please correct me if I have wrong understanding
Fear mongering. I just transferred money from my PCF chequing account to my HSBC Direct Savings account without any issue. ETF was fee-free, but the money gets held for 5 business days at HSBC.

[pigqq]

Fear mongering. I just transferred money from my PCF chequing account to my HSBC Direct Savings account without any issue. ETF was fee-free, but the money gets held for 5 business days at HSBC.
I copied the following from PCF website.
"
You must send in a void cheque to complete this request. The address will follow. Cheques must have your name preprinted on them."

How do you complete the setup without a check on HSBC direct saving account??:?:

Thank you!

[Hellfire]

I copied the following from PCF website.
"
You must send in a void cheque to complete this request. The address will follow. Cheques must have your name preprinted on them."

How do you complete the setup without a check on HSBC direct saving account??:?:

Thank you!

You make HSBC setup the link for you - Send them a PCF cheque. All banks should be offering free ETF to any account in your name.

[recordman]

You initiate the transfer on the HSBC side. Similar setup with ING/CTFS.

I copied the following from PCF website.
"
You must send in a void cheque to complete this request. The address will follow. Cheques must have your name preprinted on them."

How do you complete the setup without a check on HSBC direct saving account??:?:

Thank you!

[pigqq]

You make HSBC setup the link for you - Send them a PCF cheque. All banks should be offering free ETF to any account in your name.

I see. I send a PCF check to HSBC. Then I can transfer money from HSBC to PCF. After that they make the links between two account. Then I can tranfer money from PCF to HSBC. I was told that I can only tranfer money from PCF to a checking account of other banks by a guy in PCF. Now I am clear. Thanks for you guys!

[kloostec]

I contacted TD about their 1.25% promo interest, and here's the response I got:

Hello xyz,

I appreciate your interest regarding the current GIA interest rate bonus
promotion available at TD Canada Trust. I appreciate the time you have
taken to write.

Please note that you would have received an offer in the mail if you were
eligible for the bonus rate on the GIA account.

...

[Snowy]

I was told by HSBC Canada that if you access HSBC bank machine outside Canada, they still charge you access fee. HSBC Canada and HSBC US are considered as two different banks. ING does the same.
Okay I don't know about Bank Cards persay but my UK HSBC Credit Card works over here and I'm only charged at the rate of currency exchange on the day it's charged AKA no currency exchange charges :) - wonder if the Canadian one is the same?

[pablonutribar]

in response to an earlier post about withdrawing from HSBC ATMs in foreign countries - you still have to pay the $5 ATM fee if you use HSBCs ATMs in foreign countries. It sounds rather stupid but apparently HSBC is not as "global" as many ppl think. So you might as well use PCfinancial given that this would be the only advantage of HSBC (IMO).

[pingwinki]

I was told by HSBC Canada that if you access HSBC bank machine outside Canada, they still charge you access fee. HSBC Canada and HSBC US are considered as two different banks. ING does the same.

I agree - I was told by somebody at HSBC Canada that you would get charged access fee.

[pingwinki]

ING is now at 4.3%...

http://home.ingdirect.com/products/products.asp?s=OrangeSavingsAccount

When I go to the ING website it still says 3.75%

http://www.ingdirect.ca/en/accounts-rates/index.html

The site you are looking at...is that the US site perhaps?

[furballz]

When I go to the ING website it still says 3.75%

http://www.ingdirect.ca/en/accounts-rates/index.html

The site you are looking at...is that the US site perhaps?



that seems to be in the US. It's still 3.75% on ING Canada.

[pablonutribar]

I am pretty sure I saw an advertisement for shi - I mean CITIbank that was for 5% savings accounts. Not sure what the fine print said though. On a brighter note, I think that CITIbank DOESN'T charge you for using CITIbank ATMs in foreign countries. So if you had an account here, and wanted to take money out in say, Brazil, you wouldn't be charged an ATM fee. That is good for those of you who travel. If you don't have an account with CITIbank though, don't use their ATM's in foreign countries - you get charged the $5 ATM fee plus an additional $3 (at least in Brazil you do!).

[st7860]

HSBC doesn't pay interest in balances over a certain amount.

PC Financial has no such limit.

[ItemFinder]

I am pretty sure I saw an advertisement for shi - I mean CITIbank that was for 5% savings accounts. Not sure what the fine print said though. On a brighter note, I think that CITIbank DOESN'T charge you for using CITIbank ATMs in foreign countries. So if you had an account here, and wanted to take money out in say, Brazil, you wouldn't be charged an ATM fee. That is good for those of you who travel. If you don't have an account with CITIbank though, don't use their ATM's in foreign countries - you get charged the $5 ATM fee plus an additional $3 (at least in Brazil you do!).
You were looking at the US website unfortunately. https://web.da-us.citibank.com/cgi-bin/citifi/scripts/prod_and_service/prod_serv_detail.jsp?BS_Id=CurrentRates&BV_UseBVCookie=yes
HSBC doesn't pay interest in balances over a certain amount.

PC Financial has no such limit.
From the HSBC website: 3 Interest is only paid on balances up to $1,000,000
If you're worried about interest savings after a million dollars, you should get out more. Even if you do have that much money, splitting your savings is a good idea, because CDIC only covers $100,000 from each FI. The fact of the matter is, HSBC gives more access to your money. With PCF, you can't touch the money for a day. With HSBC, you can use the money for Interac purchases anytime you want.

[jtcb]

PCF's Interest Plus Saving Account has dropped from 4.25% to 4.10%.. :confused:

[MrDisco]

PCF's Interest Plus Saving Account has dropped from 4.25% to 4.10%.. :confused:

rates fluctuate based on the market so no need to be :confused:
As of right now here's a sample of the various high interest savings accounts:
ICICI - 4.5%
PCFS - 4.1% (interest plus)
Manulife - 4.1%
CTFS- 4% (5.5% first 90 days)
Citizensbank - 3.8%
ING - 3.75%
HSBC - 3.5% (high rate savings)
HSBC - 4.25% (direct savings)

[ItemFinder]

HSBC - 3.5%
Maybe you missed this whole thread about HSBC's Direct Savings account having an interest rate of 4.25%. I'm sure it was easy to miss, considering you're posting in that thread. :confused:e

[pgo]

Boo on PC, bring back 4.25%

[pgo]

does that mean HSBC is now better than the PC offer, since there is no minimum balance (PC require 1000 min) and with HSBC, i can pay bill make withdrawals directly from the saving account? with PC i think there are restriction with withdrawals and you need at lease 1 day advance transfer.

[Octavius]

PCF's Interest Plus Saving Account has dropped from 4.25% to 4.10%.. :confused:

...Son of a....

Damnit. I was enjoying 4.25%...it lasted for such a short time...

Now to contemplate whether I should transfer my excess funds back to my HSBC account which is still 4.25% or if I should just leave it in PCF @ 4.10% and enjoy the "convenience" of 1 day transfers...

Bah...I hate the HSBC online layout >:( . I'm gonna have to actually think about this....

[pgo]

I'm thinking of opening HSBC direct account, is there referral codes or promo codes available?

[BestOffer]

a little of track...ING Direct 1-Yr GIC @ $4.60%

[MrDisco]

Maybe you missed this whole thread about HSBC's Direct Savings account having an interest rate of 4.25%. I'm sure it was easy to miss, considering you're posting in that thread. :confused:e

oh blah i was referring to the high rate savings. anyway the point was rates change and are not fixed as the original poster was :confused: over pcfs.

[jtcb]

I am not really :confused:. I know interest fluctuates. I am just disappointed about the drop.

[Good]

I'm thinking of opening HSBC direct account, is there referral codes or promo codes available?

Anyone has it? It is inquired during the application procedure ...

[pigqq]

PCF's Interest Plus Saving Account has dropped from 4.25% to 4.10%.. :confused:

Just noticed that, I only enjoied 4.25% for less than 30 days.>:( >:(
It droped on 11/09.

[OptimusPrime]

So w/ PCF are transactions free? I know HSBC doesn't charge for interac transactions & withdrawals at HSBC, BMO & Exchange network machines. About ATMs world wide, can I even take cash out w/ a PCF bankcard never mind the fee. I know that Interac only works in Canada.

[Gdog]

For existing hsbc online customers you can open a direct savings account online instantly. No teller access though, but that's not a problem if you have another account with them.

[st7860]

http://www.hsbc.ca/1/2/en/personal/personal-home
*Interest rate paid on balances up to $1 million.


PC Financial(and any other banks high interest savings account) doesn't have that limitation.

[--StayFly--]

can you get your bank card the same day you open your account at pc

[twotterdhc6]

can you get your bank card the same day you open your account at pc

If you open your account at a pavilion, your account is activated right away and you also get your bank card on the spot.

---

I heard BoC may be relaxing the interest rates, so that Interest-Plus savings rate might go down further. I just put some of savings into GIC while it's still 4.506% per annum.

[Ghozt]

How do you get the bank card and the pin number from HSBC if you open the account online? I am not sure if it is mentioned somewhere in this thread.

thanks...

[chuppe]

How do you get the bank card and the pin number from HSBC if you open the account online? I am not sure if it is mentioned somewhere in this thread.

thanks...

You'll get everything in the mail, around the same time that your first deposit cheque will have cleared.

[sjweyman]

So w/ PCF are transactions free? I know HSBC doesn't charge for interac transactions & withdrawals at HSBC, BMO & Exchange network machines. About ATMs world wide, can I even take cash out w/ a PCF bankcard never mind the fee. I know that Interac only works in Canada.

I called PCF about accessing funds worldwide. Essentially the rep told me that it isn't "guaranteed". It "may" work at bank machines that support Interac "plus" ... which I think is the Visa "plus" system.

Instead of relying on that I am planning to simply prepay one of my credit cards (visa) and then access those funds via cash advance if necessary. I have to pay the one time fee and the currency conversion (you'd have to do that with a bank card too) but I will avoid the interest that way.

I also have accounts with Royal and CIBC right now so I could theoretically use those accounts as well ... but I think it is just as easy to use the credit card if not easier ... and probably a better guarantee of success.

[pigqq]

HSBC direct saving dropped to 4%.>:(

[angel_wing0]

good thing i never opened an account there while at 4.25%. PC still FTW! :D

[Gdog]

HSBC direct saving dropped to 4%.>:(

I found that out tonight too....WTF!:evil:

[majesus]

HSBC direct saving dropped to 4%.>:(

I found that out tonight too....WTF!:evil:

Boo!!!!!
I so knew they'd do that. Bait and Hook tatic bums, I set everything up, starting to deposit my work checks into them, and then they drop their interest rate to less than PC. All well, I always have my Achieva account at 4.35% to back me up. I've had an account with them for over two years and those guys haven't disappointment once. Their interest rate has been always climbed.... so far.




On a side note, Pigqq thanks for letting us know.

[pigqq]

Boo!!!!!

On a side note, Pigqq thanks for letting us know.

You are welcome!:cheesygri I am happy to do something for the community, but this time I find a bad news for everybody with HSBC direct saving account. >:(

The reason to lower down the rate is the prime interest rate was lowered down according to the bank message. The 4% rate took effect since Dec. 13.

[redflagged2006]

Was gonna open a joint account there... on their HSBC Direct Savings web site still shows 4.5% APR...

[rain]

I wonder...is PC going to drop their rates too since interest rate went down? Or they already did the adjustment at 4.1%?

[rvs007]

Was gonna open a joint account there... on their HSBC Direct Savings web site still shows 4.5% APR...

Are you sure you're looking at the right website? HSBC Direct Canada website shows 4.0%... HSBC Direct US website shows 4.5%

[redflagged2006]

Are you sure you're looking at the right website? HSBC Direct Canada website shows 4.0%... HSBC Direct US website shows 4.5%

Sorry... my bad :o I forgot to check the .xx(x)

Thanks for correcting me.

[can2000]

Sorry for the off topic.

Which bank has higher interest rate for RRSP saving account?

Thanks!