Sep 07 2010
PIE Interest Rates on the Rise
Great news for BCNPHA members who keep their bank accounts in the Vancity PIE program! The recent increase in interest rates also means an increase in your PIE (Pooling for Increased Earnings) Vancity interest rate.
BCNPHA members have combined deposits in Vancity of just over $25 million. Those deposits are now earning a rate of 1.1%, much more than the standard retail chequing account. The rate is undoubtedly going to continue to rise as markets stabilize. Unlike standard high interest accounts, funds in PIE are completely liquid.
If your society does not have its accounts in PIE, now is a good time to sign up. There is no paperwork involved and no changes in accounts are necessary. Contact , BCNPHA Member Services Coordinator, for more information, or call 604-291-2600 (1-800-494-8859) ext. 225.