Wow, this happened way faster than I thought. As many may know, PC Financial’s TFSA interest rate was a fairly high 3.75%. Just recently though, I visited the site and discovered that the interest rate for its “Tax-Free Interest Plus” plan has been dropped to 3.05% as you can see in this screenshot:
I suppose that was expected that some financial institutions would drop its rates once the first fledge of customers sign up to capitalize on the rush. I must say that is a pretty quick drop and must be leaving some account holders a little disgruntled.