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Alternatives to big bank GICs
August 8, 2013
10:47 pm
SD2013
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August 9, 2013
10:10 am
kanaka
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Also try Hubert.

lasting happiness - high interest terms
2 year term 2.25%
3 year term 2.45%
4 year term 2.60%
5 year term 2.85%

I agree, the last place to invest in a GIC is a bank or any of the large credit unions that have the same rates as the banks. Where did the competitive spirit go?

August 10, 2013
7:27 pm
SD2013
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August 10, 2013
8:23 pm
SD2013
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August 10, 2013
9:00 pm
SD2013
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August 11, 2013
3:43 pm
Doug
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Admin note: this post and all those above it was originally posted in reply to this thread

I may not be a moderator on these forums but, as the original starter of this thread, I believe some here have deviated from this thread's stated purpose to discuss now probable sales of Canadian Tire's Financial Services division, Canadian Tire Bank, and more broadly, a discussion on retailers in general selling or outsourcing their once prominent financial services units into a discussion on annuities and RRIFs.

While very interesting discussion in its own right, particularly for the 71+ crowd (and those nearing 71), let's save that for another discussion forum on these message boards.

Thanks,
Doug

August 11, 2013
4:32 pm
Peter
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Admin note: this post and all those above it was originally posted in reply to this thread

Doug said

I may not be a moderator on these forums but, as the original starter of this thread, I believe some here have deviated from this thread's stated purpose to discuss now probable sales of Canadian Tire's Financial Services division, Canadian Tire Bank, and more broadly, a discussion on retailers in general selling or outsourcing their once prominent financial services units into a discussion on annuities and RRIFs.

While very interesting discussion in its own right, particularly for the 71+ crowd (and those nearing 71), let's save that for another discussion forum on these message boards.

Thanks,
Doug

Thanks Doug. I second Doug's comments: please keep the comments in this thread to the topic of the potential sale of Canadian Tire's Financial Services division.

August 12, 2013
4:54 am
SD2013
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August 12, 2013
7:25 am
Peter
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Admin note: this post and all those above it was originally posted in reply to this thread

Thanks SD2013 -- your contributions have certainly been useful; there's no disputing that :)

August 12, 2013
4:43 pm
SD2013
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August 12, 2013
6:17 pm
Doug
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Admin note: this post and all those above it was originally posted in reply to this thread

Absolutely - and I'll second Peter's comments, your insight & commentary on RRIFs/annuities and financial planning are valuable. Not sure if this is something we may want to do, but perhaps we could have those posts and replies "hived off" from this thread into a new thread of its own, to spark even more discussion?

Cheers,
Doug

August 12, 2013
6:19 pm
Deb
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Admin note: this post and all those above it was originally posted in reply to this thread

Peter, I found SD2013's specific suggestions for retirement strategies very helpful.
And I don't agree that this is of interest to mainly >70 yr olds.
Financially savvy people are starting to do some financial planning for retirement long before that, I hope!

Is it possible to copy these posts to a new appropriately-titled thread (eg.Retirement Income Strategies, or Financial Planning for Retirement, etc), so that the discussion can continue?

Thanks!

August 12, 2013
6:59 pm
SD2013
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August 12, 2013
7:18 pm
Peter
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Thanks everybody for the comments and suggestions to move this topic to its own thread. As you can see, it does have its own thread now :D I'll step back now and allow the financial discussion to continue.

August 19, 2013
2:21 am
SD2013
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October 3, 2013
7:07 am
Peter
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Hi, I've split off SD2013's rate updates into a separate thread here:
https://www.highinterestsavings.ca/forum/gic-updates/alternatives-to-big-bank-gics-rate-updates/

October 17, 2013
2:53 pm
hometrustdeposits
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Removed by admin. Please make GIC rate update posts in this forum: https://www.highinterestsavings.ca/forum/gic-updates/

Please write your comments in the forum.