Posted by Tim Stobbs on August 3, 2007
Earlier this summer Royal Bank tried to tempt me over to their new high interest savings account yet at the time their rate was going to be dropping to 3.25% after the introduction period. So I told them no thanks I have a higher rate with my current ING account.
Now it is the opposite. Royal is now at 3.75% while ING is trailing at 3.5% and I recall the last time interest rates when up it took ING a very long time to raise their rate up. Royal also has the advantage of being my primary bank at the moment, so going over to them would be very easy.
Perhaps the only thing I would like to know from anyone with a RBC high interest savings account is how fast do the transfers take place? (I can’t find anything on this on their website). Since that is the only thing that vaguely annoys me about ING.
Or perhaps I should look beyond Royal to someone else entirely? I can do the research into other options, I’m just curious for a current customers viewpoint on the service at each place.
Thanks for any feedback you can provide and have a good long weekend (no post on Monday).