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April 16, 2019
8:01 am
hotmony
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A CU said name your rate they will compete with others. Any FIs big or tiny offering 3.75+ to ask for a match

Would your opening ask be 3.75 3.85 3.95 or 4?

April 16, 2019
11:42 am
Kidd
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If you were to ask for 4%... wouldn't they in turn ask... who is offering you that rate? Where then you would have to supply proof of what you were being offered elsewhere. Then they, at that point in time would verify your claim before matching the rate.

I'm not drunk but reading that back... makes me feel like i am.

If this is all hypothetical... i'd ask for 100%. Go big or go home.

May 14, 2019
8:11 pm
hotmony
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When Tangerine was offering an extra quarter point on the phone did anyone ask or get it on their 5yr gic?

May 14, 2019
8:57 pm
Loonie
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You'ave essentially asked the same question before, and we've given you our answers.

June 1, 2019
7:33 pm
hotmony
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hotmony said
When Tangerine was offering an extra quarter point on the phone did anyone ask or get it on their 5yr gic?  

Loonie said
You'ave essentially asked the same question before, and we've given you our answers.  

Where?

I'll admit i miscalculated the 5yr should have been longer to ride out the lull. Will keep a closer eye on bond yields

June 12, 2019
6:42 pm
hotmony
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Who has the top 5yr currently?

is it harder to negotiate a 5yr deal than 1 2 or 3..

June 12, 2019
7:18 pm
Doug
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hotmony said
Who has the top 5yr currently?

is it harder to negotiate a 5yr deal than 1 2 or 3..  

I would use the CANNEX chart, hotmony. It's pretty comprehensive since they started adding direct-to-consumer, not just deposit broker, rates.

Looks like Manitoba's Me-Dian Credit Union might be tops for the 5 year GIC rate, at 3.30%, as at June 12, 2019. Interestingly, Me-Dian Credit Union is one of those six Manitoba bricks & mortar credit unions I profiled recently that removed residency requirements and added all-digital membership opening. As @Shawguy mentioned in that thread, though, watch out for their chequing account at $45/month (reduced to $40/month if you enroll in e-Statements). 😉

Luminus Financial Credit Union seems to be the next highest, at 3.25%, according to CANNEX.

Hubert Financial and a number of other Ontario and Manitoba credit unions are in third place, at 3.10%.

You might also try browsing the "GIC Discussions" forum of this message board. The forum members are pretty good with spotting the highest rate.

Cheers,
Doug

June 12, 2019
8:33 pm
hotmony
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Highest then Luminus 5yr esc.

June 13, 2019
8:50 am
Doug
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hotmony said
Highest then Luminus 5yr esc.  

Ah, a bit hard to clarify what you mean, but if I've interpreted correctly, you're saying Me-Dian's 5-year GIC is the highest, but Luminus 5-year escalator GIC is technically a bit higher than its 5-year regular GIC? If so, no problem. I was just going by the CANNEX rates, which I think don't list escalator GIC rates. However, that's a good point - usually what I do is use CANNEX (and this site) as "guideposts" for narrowing down which FIs to check out and then I'll first (a) confirm that the quoted rates are still current and (b) see if they have either (i) any special/promo GIC rates that interest me or (ii) any escalator GICs that didn't show up on CANNEX. sf-cool

Cheers,
Doug

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