I am actually very surprised to see this interest rate drop from PC financial. As you can see, it is now at 1.65%:

I’m surprised as while the previous figure was pretty low, this financial institution usually clamors its no fee banking plans while offering a high interest rate. Here, this is one of the banks that has a transfer fee and now not to mention one of the lower TFSA rates.

They must have rounded up a lot of clients with the original 3.05% plan I’m thinking to be this confident to drop the rate lower than even the large banks.