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November 3, 2020
8:09 am
Vatox
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This is what CC is offering these days. Quite pathetic.

A little certainty goes a long way. And with our term deposit offers, you can count on a secure investment with guaranteed principal plus interest. For a limited time get 0.90%* on our 15-Month Non-Redeemable Term Deposit.

Get yours online today.

Prefer a more flexible option or an opportunity at a higher return? Explore our other featured offers.
Redeemable 1-Year Better Than Cash ® Term Deposit at 0.60%*
Safe Bet, No Sweat ™ 3-Year Market-Linked Term Deposit with a guaranteed minimum return of 0.33%** and a potential maximum return of 2.28%**

November 3, 2020
8:51 am
Rick
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I expect they will be losing a lot of deposits this month as the 33 month 4% promo comes to an end.

November 3, 2020
9:02 am
Vatox
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Rick said
I expect they will be losing a lot of deposits this month as the 33 month 4% promo comes to an end.  

Those Spring conversion offers look mighty good now!

November 19, 2020
10:20 am
christinad
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Were people whose 4% gic came due offered anything different? I haven't bothered to phone, but curious.

November 20, 2020
6:03 am
Loonie
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I imagine they'll be quite happy to lose those deposits. Most FIs seem to be top heavy with deposits these days, and spending is down, so it sits there.

November 20, 2020
8:08 am
Rick
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christinad said
Were people whose 4% gic came due offered anything different? I haven't bothered to phone, but curious.  

Phoned me yesterday with a 20 month @ 1.25% offer. I declined, he pushed but backed off when he couldn't match Tang's promo or Motive's everyday rate.

Vatox said
Those Spring conversion offers look mighty good now!

Maybe....time will tell. I'm not able to conduct the 4 pages of calculations necessary that CC uses to figure out the rate. Definitely wasn't willing to lock it up for 28 or 38 months. Ask again in 2024.

November 23, 2020
2:41 pm
Vatox
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Rick said

Phoned me yesterday with a 20 month @ 1.25% offer. I declined, he pushed but backed off when he couldn't match Tang's promo or Motive's everyday rate.

Vatox said
Those Spring conversion offers look mighty good now!

Maybe....time will tell. I'm not able to conduct the 4 pages of calculations necessary that CC uses to figure out the rate. Definitely wasn't willing to lock it up for 28 or 38 months. Ask again in 2024.  

I just got a quote for the converted rate and that’s in writing. Don’t need to go through the calculations.

December 16, 2020
2:44 pm
ExtraSauce
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christinad said
Were people whose 4% gic came due offered anything different? I haven't bothered to phone, but curious.  

Nothing offered worth looking at! I didn't even see any teasers. As others have said here, I suspect CC was happy to get out of those juicy 4% divvy's they had locked in.

Looks like a miserable year ahead for rates in general.
4% over 33 months and am now sitting new money @ 1.4% with Hubert for a yearly rate .... eeee!

Have to put money to work somewhere other than banks 😐

December 17, 2020
4:15 am
RetirEd
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Coast Capital has not historically been a big high-rate competitor. Their big 4% promotion was, we were told, to create a war chest for their conversion from provincial to federal credit union. I'm not expecting anything big from them in the future.

It's usually a sudden need for cash that spawns really good offers. Here's where we come to find them!
RetirEd

December 17, 2020
2:29 pm
Alexandra
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If you go back to page one of Coast Capital forum under "new offer", you will see some posts there about the rates they were offering if clients would extend their terms. It was pretty good. I kept most of mine accepting the extension but cashed on large Term in when the 4% GIC matured.

December 18, 2020
2:02 pm
Vatox
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Alexandra said
If you go back to page one of Coast Capital forum under "new offer", you will see some posts there about the rates they were offering if clients would extend their terms. It was pretty good. I kept most of mine accepting the extension but cashed on large Term in when the 4% GIC matured.  

Just went back to that thread. This is a quote by me in post 71 July 6

“ I'm quite sure you won't get any rates of 2% and higher, come December. That's why the 2.6% is a great deal if you take the 38 months and only deal in guarantees, not stocks.”

Love my 2.7% for 38 months!

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