CFFBank EASYONE account (Line of Credit and High Interest Saving Account all-in-one)
CFF Bank EASYONE account with high interest savings rate is packaged as all-in-one banking solution. This account offers customers the ability to take advantage of both an unsecured line of credit and high interest savings with one simple, no-fee account
Transfer higher interest credit card balances
Pay for your next home renovation
Increase your savings
Pay for a vacation
Reduce interest you pay
Manage your cash flow
As a partner with CFF Bank, Im now able to offer you exclusive banking products available through CFF Bank!
I encourage you to open the new CFF Bank EASYONE Account. This no-fee account offers up to $25,000* in credit. And now for a limited time** you can take advantage of the following:
Up to 120 days NO INTEREST on the Line of Credit portion of your account
3% BONUS RATE on the Savings portion of your account for maximum savings
CFF Bank EASYONE Account Features:
Unsecured Line of Credit
High Interest Savings Account
Access Funds Online or by Telephone Banking
CFF Bank EASYONE Account Benefits Unsecured Line of Credit:
Rate of interest is lower than a traditional credit card
Access to credit whenever its needed
Reduce interest owing with any deposits made to the account
Pay interest only when the account is used
High Interest Savings Account:
Earn high interest when borrowings are paid off
Unlimited transfers to pre-authorized account
Higher interest rate than most banks
Total flexibility not locked-in
A great way to make your savings work harder
Access Funds Online or by Telephone Banking:
Logon to online banking at www.CFFBank.ca
Or email email@example.com for any questions
CFF Bank is a 100% Canadian owned Schedule I bank and a member of Canada Deposit Insurance Corporation (CDIC)
Sign up today! Call me now at613-627-1041
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*Some conditions apply.
**This is a limited time offer on all deals funded before April 30, 2015. Rate of 3% inclusive, and subject to change without notice
Housing Market Digest by Will Dunning, Economist for Mortgage Professionals Canada
The Office of the Superintendent of Financial Institutions (OSFI) now requires that all residential mortgages by federally-regulated lenders must be stress-tested, at two percentage points above the contract interest rate (or the 5- year posted rate, if that is higher). In combination with the requirements for mortgage insurance, about 90% of all new mortgages will be tested.
This can be expected to reduce housing activity by 10-15%. It is on top of the impact from recent rises for mortgage interest rates (another 5-10% drop in activity). The combined 15-25% drop in housing activity will affect the broader economy.
In two years, employment could be 150,000-250,000 lower than it would otherwise be. There is a risk that house prices will fall. In a modern economy, a sustained drop in house prices is one of the most dangerous things that can happen: as happened in the US a decade ago, falling house prices can turn into widespread economic decline.
Resale activity recovered a bit more in September, to 492,900, due to partial rebounds in BC and Ontario. Activity is flat in most other areas.
CREAs House Price Index was flat in September. The year-over-year change is now 10.7% (down from the peak of 19.7% that was seen in April).
The sales-to-new-listings ratio (SNLR) was 55.7% in September, slightly above the balanced market threshold of 51%. This indicator points to an outlook for stable prices (at worst). But, as noted, OSFIs stress test policy creates a risk of falling prices.
We should, in general, expect that resale activity will trend upwards over time, because the population is growing and the housing inventory is expanding. Therefore, it is useful to look at sales on a per capita basis. Recent activity is below the long-term average.
Employment increased by 35,000 in October
In October, employment rose for youth aged 15 to 24, while it was little changed for the core-aged population of 25- to- 54 year-olds, and for people 55 and older. The largest employment increase was in Quebec, followed by Alberta, Manitoba, Newfoundland and Labrador, and New Brunswick. At the same time, there was a decline in Saskatchewan.
Employment rose in several industries, led by other services; construction; information, culture and recreation; and agriculture. Employment declined in wholesale and retail trade.
The number of private sector employees increased in October, while public sector employment and self-employment were little changed.