December 12, 2015
See DUCA's website which describes the Flex 20 GIC as follows: "This cashable GIC combines high-interest with term flexibility. To get the highest possible rate, deposit your investment for the full term. Need access to your money earlier? No problem! You can cash out after the minimum term at a rate that's still better than most high interest savings accounts
2% interest rate
Cashable between 12 -- 19 months at 1%
Cashable at 20 months (maturity) at the full interest rate of 2%
RRSP, TFSA, and RRIF eligible"
(Small print confirms rate is per annum)
Anyone see anything better?
December 17, 2016
Outlook Financial has 5-year cashable GICs @ 2.35% - here's a link to their rules
February 18, 2016
October 21, 2013
It has to be available to QC for Saver-Mom. And, even if Hubert were available to QC, there is no guarantee that, one year from now, they would still be offering 2.05, for the second year. Earlier, they lowered it to 1.95%
If you want cashable for something in the 2 year range, you may not be able to do any better for QC.
Meridian CU has a 3 year Escalator, which averages out to 2%, but I think they probably aren't available to QC yet. It is cashable on each anniversary, presumably with no penalty except the fact that the worst rate is at the beginning and so on. The first year is 1.5%, and second is 1.75%, which is better than the DUCA deal for cashability.