President’S Choice Financial
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President’s Choice Financial is a banking institution with a number of subsidiaries that offer a variety of financial services. The bank is a joint venture between CIBC, a leading Canadian Bank, and Loblaw Companies, a supermarket chain.[br]
President’s Choice Financial offers various banking products and services, including savings and checking accounts and loans through CIBC. The bank also offers the President’s Choice Financial MasterCard, while PC Financial Insurance Agency Inc. offers insurance products. These two organizations are wholly-owned subsidiaries of Loblaw Companies. All customer interactions take place through the phone, ATM and online or at Loblaw-affiliated stores.
President’s Choice Financial was recognized for its high client satisfaction among mid-size Canadian banks by J.D. Power and Associates in 2007 and 2008.
President’s Choice Financial: Accounts and Products
The bank offers the following accounts and products:
Daily Banking: This service includes free daily banking 24X7. Customers can take advantage of this service through the phone and online. The service also provides free bill payments, unlimited checks and free checking. The free transaction facility at 3,700 President’s Choice Financial and CIBC bank machines helps save money. Customers can get overdraft protection during shortage of funds.
Mortgage: President’s Choice Financial® mortgage features lucrative low rates up front. Customers can choose from wide range of mortgage options from fixed rate mortgage to variable rate mortgage. The bank also appoints mortgage specialists to give valuable advice to customers.
Savings and Investments: You can save more money through the high savings rates offered by the bank. For instance, the Interest Plus™ savings account is a high interest rate savings account and also includes an anniversary bonus. The Interest First™ savings account offers attractive interest rates with no minimum balance needed. The bank also offers tax free investment options.[br]
Mutual Funds: Owing to its association with CIBC Securities Inc., President’s Choice Financial helps its customers maximize their returns by investing in mutual funds. Index Portfolio Rebalancing Service, offered by the bank, helps investors monitor their investments and automatically rebalance their portfolio. PC Financial’s mutual fund features competitive management expense ratios (MERs) and a special management fee rebate.
Low-cost Borrowing: The bank offers low interest rate lending through the low-cost borrowing account and secured borrowing account. Customers can also opt for all-purpose loans, which do not require collateral and offer competitive rates.
PC MasterCard: Customers can benefit from PC points that come with all PC MasterCard purchases.
