Accelerate Financial 2.25 % for 18 Months | GIC discussions | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
Accelerate Financial 2.25 % for 18 Months
January 20, 2022
10:18 am
vermont
Member
Members
Forum Posts: 7
Member Since:
November 15, 2019
sp_UserOfflineSmall Offline

For GICs, RRSPs, TFSAs, RIFs. Limited time offer.

January 20, 2022
10:57 am
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 947
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline

.
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 And Prosper " sf-cool

January 20, 2022
11:18 am
hwyc
GTA
Member
Members
Forum Posts: 621
Member Since:
September 30, 2017
sp_UserOfflineSmall Offline

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
Member
Members
Forum Posts: 1192
Member Since:
March 30, 2017
sp_UserOfflineSmall Offline

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
Member
Members
Forum Posts: 7
Member Since:
November 15, 2019
sp_UserOfflineSmall Offline

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
Member
Members
Forum Posts: 15
Member Since:
March 18, 2021
sp_UserOfflineSmall Offline

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.

Please write your comments in the forum.