November 7, 2014
October 22, 2015
September 15, 2017
They just lost themselves a big fat GIC that I was going to purchase in January.
Looks like Implicity will get my business instead.
When the trend is for interest rates moving upward, do you really want to lock in for 5 years? If yes, some other options for 5 year GICs at 3% p.a. besides Implicicty are Oaken, Motive and Hubert. In the case of Motive, clients aged over 57 can have interest paid monthly at the same rate to their linked bank account.
February 24, 2015
November 19, 2014
5 year rate drops from 3.00% to 2.90%
New rates as follows:
1 Year Term 2.25%
2 Year Term 2.45%
3 Year Term 2.60%
4 Year Term 2.75%
5 Year Term 2.90%
6 Year Term 2.95%
7 Year Term 3.00%
Thanks for letting us know. Appreciate your input. It has been very timely for me in the past.
October 21, 2013
To be fair, they didn't exactly "drop" their rate. The five-year 3.0 rate was an advertised "Special", meant to be of limited duration.
It is annoying though when you're all fired to send off some money to take advantage of a rate and it disappears before your eyes. I commend Oaken for always giving us notice, with (just barely) enough time to act.