finizi anyone? | GIC | Discussion forum
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7:08 am
I read in a newsletter about finizi.com where companies bid for your GIC money.
Has anyone heard of it/tried it?
Today I am depressed because I work so hard and see so little at the end of the day. I know there are so many without but I worked so I would at least be happy and comfortable. Now all I do is worry and feel like crying. Getting 2% on my GICs is dreadful and other avenues of income like mutual funds are just not the answer. I don't think anybody unless they are young, can make anything on GICs for income.
2:51 pm
better to put your money in a credit union which pays a little more interest
2:11 pm
January 30, 2009
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Hi Reg,
It's an interesting idea, but from their own table, the bids aren't much better than the regular rates that are offered. Still, something to keep in mind as rates rise (if they ever do!).
8:08 pm
For small amounts it's all handled by computers.. I don't think any bidding ever takes place.. For high dollar amounts this may change.. I'd rather just research myself and compare..
8:51 pm
I checked and you are right, the rates are terrible! I emailed and commented on that and heard from the CEO (said he just bought the company) but I think it's not going to make it as a company. They'll have to do better than what I got from my "auction" results!!
Can't blame a person for trying….
