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Brokerage gic rates

May 26, 2018
11:04 am

christinad

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I was just looking at gic rates for td direct investing and they are pretty good. 2 year is 2.75 and 3 year is 3% for equitable bank. I guess the trade off is it is 25.00 for partially withdrawing your rrsp. Still its nice to have everything together. I guess equitable may end up decreasing their rates down the road too.

May 26, 2018
11:15 am

Norman1

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The customary brokerage commission for a GIC is ¼% for each year of the term of the GIC.

The Equitable Bank GIC rates (through a deposit broker) compared to the EQ Bank GIC rates (direct to consumer) appear to reflect that.

May 26, 2018
11:15 am

Loonie

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There will be another announcement about the Bank of Canada rate in a couple of days. Watch for it!
Personally, I doubt it will change at this time, but you never know.

May 30, 2018
11:43 am

Pipersierra

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Itrade is offering 2.4, 2.79, 3.00, 3.08 and 3.24 from various banks with a 1k minimum. 5k min is slightly higher in some years. As OP said, not too bad.

May 31, 2018
9:06 am

Pipersierra

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Itrade is offering 2.37, 2.79, 2.98, 3.08 and 3.22 from various banks with a 1k minimum. 5k min is slightly higher in some years. The rates have slipped today. interesting.

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