Over the past year and a bit I haven’t used my Implicity account a ton as I have been getting better rates from EQ Bank. However, I still have some savings at Implicity. As you may have heard they agreed to merge (aka be acquired) by Assiniboine Credit Union (ACU). I assume Implicity will be absorbed into Outlook Financial .
Assuming that my account will be moved into Outlook I expect a reduction in rates of about .1 to .2% as from my observations they are consistently a little lower than Implicity. I assume that ACU doesn’t need the deposits as bad.
I also see we are getting a new website which is good.