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Accelerate GIC Rate Increases For 4 and 5 Years
November 23, 2018
3:00 pm
gicjunkie
Ontario
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New rates effective today:

1-Year Term 2.85%
2-Year Term 3.00%
3-Year Term 3.10%
4-Year Term 3.40% SPECIAL
5-Year Term 3.50% SPECIAL
6-Year Term 3.45%
7-Year Term 3.50%

November 30, 2018
12:55 pm
toto
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Accelerate has a 50 dollar and 100 dollar bonus when you open terms .
On new money.

November 30, 2018
2:00 pm
toto
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50 dollar bonus for 5000 to 9999.00 100 dollar bonus 10,000 and over , only on non registered and new deposits . They will add the bonus to the term

November 30, 2018
5:54 pm
julio
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Thank’s for posting. On both, 5K and 10K, for 1Y the effective rate is then 3.85%. Bonus taxable? For one-person-account.

December 4, 2018
1:03 pm
toto
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Just bought one for myself and one for my husband. It's one per membership. I like this promo.

December 14, 2018
11:33 am
GR
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julio said
Thank’s for posting. On both, 5K and 10K, for 1Y the effective rate is then 3.85%. Bonus taxable? For one-person-account.  

The bonus of $50 or $100 is added upfront to the principal amount invested @ 2.85% p.a., so for one year on $5k or $10k, the yield is actually 3.88% p.a., BUT, the effective yield is even higher because the rep claims the bonus amount of $50 or $100 is not interest, so it is not taxable.

December 14, 2018
12:02 pm
Kidd
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February 27, 2018
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I will leave the answer of that $50 or $100 bonus not being taxable to others.

BUT I would hazard to guess. Nothing in life is free, you will need to declare that bonus as income.

December 14, 2018
8:01 pm
Loonie
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October 21, 2013
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Bonuses I have received at other FIs were not taxable. They're considered like gifts.

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