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accelerate financial drops rates to 2.10%
January 18, 2012
8:50 am
billy
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Accelerate financal saving acccount rates have dropped from 2.20% to 2.10%

January 18, 2012
11:00 am
James
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Forum Posts: 176
Member Since:
January 30, 2009
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Thanks for the update Billy. I just noticed it myself. At least Hubert sent us out an email when they dropped the rate from under us.

AcceleRate and Peoples Trust are now tied for the best savings account rate.

January 18, 2012
11:51 am
billy
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what's next rate to drop

January 19, 2012
7:56 am
Jim
Guest
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They also slashed their GIC rates, especially the longer term ones.

3 yr slashed by 0.30%
4 yr cut by 0.45%
5 yr and longer reduced by 0.40%

More than a quarter point in this low rate environment is huge.

January 19, 2012
10:18 am
88kanaka
Guest
Guests

Jim said:

They also slashed their GIC rates, especially the longer term ones.

3 yr slashed by 0.30%
4 yr cut by 0.45%
5 yr and longer reduced by 0.40%

More than a quarter point in this low rate environment is huge.

Yet, here is what my adviser says....hmmmmm

It is probably not worth looking at longer terms (for GIC's) and it is certain that rates will go up in the not too distant future.

January 19, 2012
1:54 pm
88kanaka
Guest
Guests

James said:

Thanks for the update Billy. I just noticed it myself. At least Hubert sent us out an email when they dropped the rate from under us.

AcceleRate and Peoples Trust are now tied for the best savings account rate.

Just fyi.....GIC rates.....just checked.

Outlook Accelerate Coast Capital Hubert Steinbach
1 yr. 2.15 2.15 1.6 na 2.05
2 yr. 2.5 2.5 1.9 2.7 2.4
3 yr. 2.7 2.7 2.15 3.05 2.65
4 yr. 2.8 2.8 2.35 3.3 2.9
5 yr. 3.1 3.1 2.5 3.55 3.15

OMG...Hubert is in the lead!!!!

January 19, 2012
2:19 pm
88kanaka
Guest
Guests

88kanaka said:

James said:

Thanks for the update Billy. I just noticed it myself. At least Hubert sent us out an email when they dropped the rate from under us.

AcceleRate and Peoples Trust are now tied for the best savings account rate.

Just fyi.....GIC rates.....just checked.

Outlook Accelerate Coast Capital Hubert Steinbach
1 yr. 2.15 2.15 1.6 na 2.05
2 yr. 2.5 2.5 1.9 2.7 2.4
3 yr. 2.7 2.7 2.15 3.05 2.65
4 yr. 2.8 2.8 2.35 3.3 2.9
5 yr. 3.1 3.1 2.5 3.55 3.15

OMG...Hubert is in the lead!!!!

Here is a better edit.

Just fyi…..GIC rates…..just checked.

............Outlook Accelerate Coast Capital Hubert Steinbach
1 yr. --------2.15-----2.15------ 1.6--------- na---- 2.05
2 yr. ------- 2.5----- 2.5--------1.9---------2.7-----2.4
3 yr. --------2.7------2.7--------2.15--------3.05----2.65
4 yr. --------2.8------2.8--------2.35--------3.3-----2.9
5 yr. --------3.1----- 3.1--------2.5---------3.55----3.15

OMG…Hubert is in the lead!!!!

So looking at it another way for the two highest offerings from Outlook/Acclerate and Hubert is here what a 1000 dollars will earn (rounded off).

1 yr.------------2.15------$22
2 yr.------------2.5-------$51
2 yr.------------2.7-------$55
3 yr.------------2.7-------$84
3 yr.------------3.05------$96
4 yr.------------2.8-------$118
4 yr.------------3.3-------$141
5 yr.------------3.1-------$167
5 yr.------------3.55------$194

It is unbelievable for us investors and retirees to see what the big banks did to rates due to dropping mortgage rates. Makes the decision hard to make as the low mortgage rates may not last long???

January 20, 2012
4:44 pm
cmore
Guest
Guests

My prediction is all these rates will move lower now with longer term bond rates moderating and the big banks lowering their mortgage rates.

Don't forget Achieva, their term rates as of today are...
2.15% 1yr
2.50% 2yr
2.75% 3yr
3.00% 4yr
3.25% 5yr

January 20, 2012
5:15 pm
kilarney
Member
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Forum Posts: 146
Member Since:
November 8, 2009
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wish I put more money into ALLY at 4 percent for 5 years.....sighhh

January 22, 2012
5:39 am
Bil
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I'm happy I bought a 2years and a 3years GIC before the drop.

2.1% still one of the best on the market. Still happy to be with Accelerate.

January 25, 2012
7:18 am
billy
Guest
Guests

it very disappointing

January 25, 2012
1:40 pm
Bil
Guest
Guests

I just sent fresh money today. I prefered 2.2% but still happy at 2.1% compare to others.

August 9, 2012
2:04 pm
moneysaver
Ontario
Member
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Forum Posts: 64
Member Since:
December 22, 2011
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Accelerate just dropped their GIC rates today to match Achieva. 5yr now at 2.85% as well.

August 23, 2012
11:37 am
Bil
Guest
Guests

I'm afraid they will change their rate from 2.1 to 2.0 soon.

But still the best !

August 23, 2012
1:21 pm
toto
Guest
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Im putting any extra money I get into Accelerate's liquid 2.1 account. It is the best thing going I hope it lasts too!

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