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Email this3:49 pm
May 28, 2013
Offline
Here is another place to park money for a shorter term. Today's email from EQ:
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Looking for high growth and guaranteed returns? Not a problem, our Guaranteed Investment Certificates (GICs) are a smart, easy, and low-risk option to give your savings a boost.
Plus, at EQ Bank, our GICs take mere seconds to buy. Why not transfer some funds from an external account to take advantage of our current featured rates—because they won’t last long!
4.00%*
6 or 9-month GIC
5.20%*
1-year GIC
LIMITED TIME ONLY
But you’ve got a lot more rates and terms to choose from…
Here’s what you get with our GICs:
Some of the highest guaranteed rates in the industry
Terms ranging from 3 months to 10 years
Registered (TFSA/RSP) and non-registered GICs
CDIC deposit insurance eligibility†
The ease of buying a GIC in just a few taps
Low minimum deposit—get started with as little as $100
Whether short-term or long-term, registered or non-registered, your rate—and peace of mind—are guaranteed, all in a matter of clicks.
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3:52 pm
February 14, 2023
Offline
or, buy a 6mo tbill~4.95%
11:58 pm
July 9, 2020
Offline
Meh. Not competitive.
5:48 am
June 8, 2023
Offline
rhvic said
Here is another place to park money for a shorter term. Today's email from EQ:
--------------------
Looking for high growth and guaranteed returns? Not a problem, our Guaranteed Investment Certificates (GICs) are a smart, easy, and low-risk option to give your savings a boost.Plus, at EQ Bank, our GICs take mere seconds to buy. Why not transfer some funds from an external account to take advantage of our current featured rates—because they won’t last long!
4.00%*
6 or 9-month GIC
5.20%*
1-year GIC
LIMITED TIME ONLY
But you’ve got a lot more rates and terms to choose from…
Here’s what you get with our GICs:
Some of the highest guaranteed rates in the industry
Terms ranging from 3 months to 10 years
Registered (TFSA/RSP) and non-registered GICs
CDIC deposit insurance eligibility†
The ease of buying a GIC in just a few taps
Low minimum deposit—get started with as little as $100Whether short-term or long-term, registered or non-registered, your rate—and peace of mind—are guaranteed, all in a matter of clicks.
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I'll tell you one thing its very, very easy to get locked out of your account at EQ Bank and if you phone any of their phone numbers once you input the number "1" for English the computer hangs up on you, see video attachment.
5:52 am
October 30, 2022
Offline
I could have easily got 5.5% paid monthly at BMO.
6:39 am
April 6, 2013
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LK said
Meh. Not competitive.
The offered 4% for 6- or 9-month GIC and 5.2% for 1-year GIC are not competitive if one has a BMO InvestorLine brokerage account.
The BMO brokerage ISA's are paying 4.60% at the moment. As well, the one-year GIC's issued by Bank of Montreal, Bank of Montreal Mortgage, BMO Trust, and Haventree Bank are 5.26% at BMO InvestorLine. Those are behind the leading 5.27% one-year GIC's from Shinhan Bank Canada.
For 6-month commitment, BMO InvestorLine is offering Province of BC 3.30% bonds maturing 2023-Dec-18 (175 days) at 99.576 (including commissions) for a yield to maturity of 4.19%. 3.30% of the 4.19% is interest. The remaining part of the yield is capital gain from one paying 99.576% of face value for a bond that will mature at 100% of face value!
6:23 am
September 30, 2017
Offline
6 month term is 5% today
... Is it worth it to locked-in for 6 months when there are so many HISA promo around? ... a matter of opinion, no need to post your answer
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