gic rates for six and seven years | MAXA Financial | Discussion forum

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Discussion forum MAXA Financial gic rates for six and seven years

gic rates for six and seven years
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1:40 am
February 5, 2012


guest

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maxa no longer offers six and seven year gic
the rate was really good to 3.6%

2:01 pm
February 5, 2012


88kanaka

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guest said:

maxa no longer offers six and seven year gic
the rate was really good to 3.6%

I believe that CDIC coverage at the banks will not cover an investment over 5 years and I guess the CU's offered the 6 and 7 year GICs as competition to the banks. I have never taken an option over 5 years and lately the rates for 6 and 7 years were not that good compared to the 3, 4 and 5 year offerings. So why bother … take a 5 or a 7 what will the rates be at the end of the term..???

5:38 am
February 7, 2012


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6 year rates were 3.6%
5 year rates are 3.25%
you do the math
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gic rates for six and seven years

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