Let’s just say it’s disappointing, PC Money offer 2.20% and EQ offers 2.75% no boosts.
Reduced subsidies are never fun for those receiving them but when those subsidies stop attracting new deposits, they quickly become unsustainable. That’s why most of the advertised interest rates are short term promo rates.
lmao , eq has different rates
Well, at EQ you have to set up direct deposit to qualify for 2.75. Grow membership at Neo now gives you the same 2.75%
Yeah, it is disappointing. I just moved 20k in February. I got a whole 4 months of the old rate! I realize it’s not a huge difference, but it seems big in my mind.
Literally the ONLY reason I have anything to do with Neo was the comparatively high interest rate. I have EQ accounts which generate the same interest, with the caveat that I direct deposit to them.
If you’re going to reduce your interest rates any further, you can count on losing at least one customer, and my $100k+ in deposits.