Great President’s Choice Financial Promotions
Today I will share two promotions President’s Choice Financial that will not only assist you with your savings this year but also provide a nice little bonus in PC Points.
What is the first promotion?
President’s Choice Financial is offering you 2.5% interest on any new deposit amounts that you make into the registered investments listed below; this promotion is available from December 1st 2010 – April 30th, 2011.
The investments that are eligible for this bonus interest are the following:
- Interest Plus RRSP
With the Interest Plus RRSP, you earn a competitive interest rate, and when you maintain an average annual balance of more than $1,000, you get an anniversary bonus that increases the more you save and the longer you invest. There are no risks, fixed term, fees or penalties for early withdrawals.At this moment, the normal annual interest rate for this investment is 0.50% for $0-$1,000 and 1.50% for $1,000.01 and up.
- The World’s Best RRSP
This particular investment allows you to benefit from no risks or conditions, no minimum deposits or fixed term, which allows your RRSP to always be cashable. This daily interest investment account RRSP is a risk free investment with a guaranteed return. With no conditions, all you have to do is deposit and watch your money grow.At this moment, the normal annual interest rate for this investment is 0.65% for all balances.
- Tax Free Interest Plus Savings Account
You can optimize your savings cash flow with this particular savings account, especially since you pay no tax on the interest earned. Not only will you get a competitive interest rate, but you also get an anniversary bonus. The only time you will be taxed on this account is when contributions are made in excess of your personal contribution room. If that is done, then you will be subject to a 1% per month penalty tax.At this moment, the normal annual interest rate for this investment is 1.50% for all balances.
Both the Interest Plus RRSP and The World’s Best RRSP funds are taxable upon withdrawal and they are not eligible for withdrawals through bank machines or Interac Direct Payment transactions.
Keep in mind; the RRSP contribution deadline is March 1st, 2011. If you are planning on investing in your savings, then you might as well consider investing in one of these RRSP’s because you benefit from the bonus interest rate.
What is the second promotion?
The second promotion available allows you to get 5000 bonus PC Points. The only requirement to get these bonus points is that you have to use your PC MasterCard when purchasing an iTunes card that is $25 or more. The 5000 bonus points are equivalent to a $5.
Some might be tempted to purchase several iTunes gift cards to receive such a large bonus in PC points, however it is not possible. These bonus points are awarded and limited to only one PC points accounts per qualifying purchase transaction. The points will be automatically awarded into your account within 8 weeks of the purchase.
This offer is valid until February 28th, 2011.
Personally, I find the first promotion I listed to be a great introduction into the New Year. The second promotion is good, especially for those who download often from the iTunes store.
How do you feel about these two promotions?
Clay
Amy @ JobCred CV Builder
Keith Penny
Penn
Comments (3 )
boi, this article is a bore… tell me who would want 0.65% interest on their RRSP and who will want to buy an iTunes card… meh!
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lol The new techie boomers?
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PC MASTERCARD PROMO BEWARE
I got taken.
I put $11,300 on the PC MasterCard promotion 6 month for 1.97%
I called before I used the promo chq and asked…
I always pay off my MasterCard so I don’t get interest charges. So how much should I put on the card for the statement due Feb 6? The lady told me no problem just pay at least $1500 will bring your amount below the $11,300 value and all will be fine.
NOT TRUE. I call when I received the next statement to find out that it does matter. The $11,300 gets the 1.97% and now everything over that amount I get charged 19.97%. If I do not want to be penalized I by paying the 19.97% interest charges on all new purchases I would need to pay the whole amount off.
So this month so far I paid out $30.99 for the 19.97% for just using the card normally. (paying off the card every month like I always do I would not be charged this)
and $18.23 for the promo 1.97% (whippy do.. just got robed for the 19.97% fee)
This is a scam to get people to pay interest on there credit card where they usually would not be paying. Hopefully they give the person who thought this up a big bonus chq.
To get back to normal:
I will pay the whole amount off A.S.A.P. and I will have to not use the MasterCard for over a month to get back to where I don’t pay interest charges. Actually I will have to over pay because automatic payments come off my card for Cell phone, etc. Going to be lots of fun to figure all this out. Might take me 6 months to get it where I don’t pay interest again. Might just decide to cancel the card to make it easier.
Live and learn…. Banks do it so while.
I guess if you want to take advantage of the 1.97% you would have to use the promo chq and make sure you have no extra charges on the card and do not use the card until you pay off the promo amount. Before the 6 months are up.
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