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November 5, 2019
7:09 am
hwyc
GTA
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September 30, 2017
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Enriching new B2B forum content ... non-registered GIC rates comparable to Simplii & Tangerine

TERM MINIMUM INTEREST RATE
1 year $100.00 2.16%
2 years $100.00 2.25%
3 years $100.00 2.27%
4 years $100.00 2.29%
5 years $100.00 2.30%

Rates as of October 22, 2019

[In addition] B2B GIC rates thru my brokerage is same as buying direct.
B2B1A - 2.16, B2B2A - 2.25, B2B3A - 2.27, B2B4A - 2.29, B2B5A -2.30
Therefore, IMO they can do better on rates for online direct. However, I can hold them in registered (or joint) accounts under brokerage.

November 5, 2019
9:15 am
Dean
Valhalla Mountains, British Columbia
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January 12, 2019
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.
Thanks Hyre❗

Their rates are not much for us to get excited about (compared to Oaken, etc.), but this information is good for us to know.

Selkirk

sf-cool " Live Long And Prosper " sf-cool

December 16, 2019
9:51 am
Vatox
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Just wondering why the GICs aren’t in the site Chart?

December 16, 2019
10:01 am
Doug
British Columbia, Canada
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Vatox said
Just wondering why the GICs aren’t in the site Chart?  

Probably because it's a new entrant. I'd tentatively support adding the LBC Digital and B2B Bank rates to the GIC comparison chart, since there's no real criteria for competitive means. They're at the top of the GIC rates available in the deposit broker channel and they're in the middle of the pack in the direct-to-consumer space. Agree that they're nothing to write home about, but they've not bad if you want simplicity in dealing with only one or two institutions. Even compared to Hubert's GIC rates, they're between 0.25-0.50 bps lower, so not huge.

Cheers,
Doug

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