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Accelerate Financial 2.25 % for 18 Months
January 20, 2022
10:18 am
vermont
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For GICs, RRSPs, TFSAs, RIFs. Limited time offer.

January 20, 2022
10:57 am
Dean
Valhalla Mountains, British Columbia
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.
By today's standards, that's not a bad deal! But the way the trend in interest rates are going now (), I prefer to lock-in for a much shorter period of time, and go with the likes of Hubert's quarterly-cashable 1yr term @ 2.00%.

Fast-forward ~ 10-12 months from now, I'm guessing both these rates will seem like 'Chump Change'. That will likely be the time to lock-in for longer terms.

Time will tell,

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

January 20, 2022
11:18 am
hwyc
GTA
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Seems everybody is expecting multiple BoC rate hikes in the next 24 months. I am watching GIC terms between one to three years (e.g. 15m, 18m, 30m) ... here's waiting for one of mine to also reach 2.25% for under 2 yrs term.

January 20, 2022
11:36 am
savemoresaveoften
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hwyc said
Seems everybody is expecting multiple BoC rate hikes in the next 24 months. I am watching GIC terms between one to three years (e.g. 15m, 18m, 30m) ... here's waiting for one of mine to also reach 2.25% for under 2 yrs term.  

yeah I think 2yr terms can get to 2.75% by this year end. 3-5 yrs will get compressed relatively and only have 5y upto 3.75% maybe

January 20, 2022
3:23 pm
vermont
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Dean said
.
By today's standards, that's not a bad deal! But the way the trend in interest rates are going now (), I prefer to lock-in for a much shorter period of time, and go with the likes of Hubert's quarterly-cashable 1yr term @ 2.00%.

Fast-forward ~ 10-12 months from now, I'm guessing both these rates will seem like 'Chump Change'. That will likely be the time to lock-in for longer terms.

Time will tell,

    Dean

  

I hear you. But I went with it since I’m already at Accelerate and it’s an RRSP which just came due so I wanted to get the clock running on it asap. I didn’t want to shift it over to Oaken for 1.9 for 12 months which as a quebecer was my next best choice.

January 26, 2022
2:28 pm
TommyT
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hwyc said
Seems everybody is expecting multiple BoC rate hikes in the next 24 months. I am watching GIC terms between one to three years (e.g. 15m, 18m, 30m) ... here's waiting for one of mine to also reach 2.25% for under 2 yrs term.  

Big disappointment today as the Bank of Canada didn't raise the Bank of Canada rate. We'll have to wait 'til March when America raises the Fed funds rate.

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