PF Financial slashes anniversary bonus rates!

When I logged into my PC Financial account this morning, this is the message I got:

(You can click on the image to make it bigger.) So, they basically slashed the bonus rates in half. Damn. Not that it makes a huge difference to me because I’m still in the 1st balance category of $1,000-$10,000 but still! Eventually I’ll be up at a higher tier. I bet the people who have more than $10k in a savings account with PC are going to be PISSED. But you really had to see this coming.

That’s why most of my $$$ is with ING. Their interest rate is at 1.05%, which doesn’t sound very good … but compare that to PC Financial’s 0.75% on balances greater than $1,000 (0.5% for balances less than $1,000).