BMT121 is something else entirely.

Historically in the CDN versions of the two ISA's BMO BMT104 has paid a higher rate than TDB8150.

Stephen

Sammy said

For info, as a Quebec resident using Disnat (Desjardins), I can confirm that ISA are not subject to the 32$ commission for being held less than 90 days.

I get this message:

Warning(s)
Funds held less than 90 calendar days may be subject to a commission charge of $32 (except money market funds and high interest savings account products).

That's good. So, the rate is one that is actually achievable. That makes DJQ1000 useful to include in the chart.

Are you saying these two CU are in-branch only? Or that you only prefer in-branch?

Online banking platforms are available and I am enrolled in them if I want to use them for EFT. I happened to visit the local Comtech branch because it is close to home, for the experience. Also to make a personal contact with the manager, for possible future investment opportunities.

I prefer online access whenever possible, however.

Did Comtech/YNCU charge you a membership fee for buying this short term GIC?
If so how much? I presume one can buy it online if not a branch nearby.

They do the $5.00 share procedure which is a lot more favorable than some of the ethnic CU's like Ukrainian CU that charges $150? for a share and refunds only part on departure.

I was pleasantly surprised to learn they use a secure email system to send documents via email as opposed to some CU's and FI's who insist on using conventional email to transmit and / or receive sensitive information.

I will be keeping an optimistic eye on this one

Stephen

I don't know about YNCU or Comtech.

Nehpets said

From the original posting, for which I thank "stingray" for acquainting me with YNCU, I took advantage of the 4 month promo at the local "Comtech" branch

When I initially called the info line at YNCU and explained I live in Eastern Ontario, it was like telling them I lived on Mars!! ana that they only service Southern Ontario.

By pursuing I learned that YNCU acquired Comtech Fire Credit Union last year in a merger, and that Comtech has a branch near me. Comtech operates under their own brand as well as the YNCU brand and I learned the official transition to YNCU will occur later this summer.

In the end, I was able to set up the promo locally and was told their corporate policy would be to try to retain those funds by (hopefully) rate matching with competitors at maturity in four months.

We will wait and see, and would suggest keeping an eye on this one to see if they can be another viable option in the dwindling selection of credit unions.

Stephen  

Did Comtech/YNCU charge you a membership fee for buying this short term GIC?
If so how much? I presume one can buy it online if not a branch nearby.

stingray said
...YNCU credit union has a nice offer of 4.5 percent for 4 months, any info on pros and cons, good and bads ?.....thank you.....  

From the original posting, for which I thank "stingray" for acquainting me with YNCU, I took advantage of the 4 month promo at the local "Comtech" branch

When I initially called the info line at YNCU and explained I live in Eastern Ontario, it was like telling them I lived on Mars!! ana that they only service Southern Ontario.

By pursuing I learned that YNCU acquired Comtech Fire Credit Union last year in a merger, and that Comtech has a branch near me. Comtech operates under their own brand as well as the YNCU brand and I learned the official transition to YNCU will occur later this summer.

In the end, I was able to set up the promo locally and was told their corporate policy would be to try to retain those funds by (hopefully) rate matching with competitors at maturity in four months.

We will wait and see, and would suggest keeping an eye on this one to see if they can be another viable option in the dwindling selection of credit unions.

Stephen

Dean said
.
Nice rates, But . . .
"To be a member, you need to be a resident of Ontario"

That leaves me (and many others) 'Out'.
Dean  

You could always move

gicjunkie said
........
FYI If you want a legend of abbreviations for some of the FIs, try this site at the bottom of the page.

https://www.finctr.ca/rates/ne.....hr.pdf  

The Collingwood site is an excellent resource; Thanks!

Stephen

FYI If you want a legend of abbreviations for some of the FIs, try this site at the bottom of the page.

https://www.finctr.ca/rates/newhighr.pdf

Loonie said

It stands for "Your Neighbourhood Credit Union". Many branches in southern Ontario. No experience yet.  

Loonie (always) to the rescue!!!!

Thank you

Stephen