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Email this9:44 am
October 5, 2017
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Today CIBC Bonus Rate GIC
Minimum investment of $1,000
Term Rate
1 year 2.80%
1.5 year 3.00%
2 year 3.40%
3 year 3.60%
4 year 3.80%
5 year 4.00%
12:47 pm
October 5, 2017
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I added to this post because its more generic.
As of today ,
CIBC Bonus rate GIC for 5 years is now 4.50 %...
Term Rate3
1 year 3.50%
1.5 year 3.70%
2 year 4.00%
3 year 4.10%
4 year 4.20%
5 year 4.50%
I am betting rates for 5 years will exceed 5 % soon !
12:20 pm
May 26, 2022
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bhuc said
I am betting rates for 5 years will exceed 5 % soon !
7year rate is 5% at:
https://www.motivefinancial.com/en/rates
9:09 am
October 5, 2017
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CIBC Bonus rate 5 year GIC's have gone down
Term Rate
1 year 4.25%
18 months 4.30%
2 year 4.35%
3 year 4.40%
4 year 4.45%
5 year 4.50% was 5.0 %
Is this a down trend for long term GIC's ?
9:59 am
September 7, 2018
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bhuc said
CIBC Bonus rate 5 year GIC's have gone down
Term Rate
1 year 4.25%
18 months 4.30%
2 year 4.35%
3 year 4.40%
4 year 4.45%
5 year 4.50% was 5.0 %Is this a down trend for long term GIC's ?
If and when Canada goes into recession, interest rates will likely stabilize quite quickly and even decrease for certain terms. I am not of the opinion that GIC rates are going to charge upwards significantly at this point. GIC rates have gone flat for terms from 1 to 5 years.
10:29 am
January 12, 2019
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.
Some other FIs are starting to reduce their GIC rates, as well. For another example, check out where EQ Bank's GIC rates have gone recently.
Are these rate reductions signaling a Trend, or are they just Hiccups ❓
My guess ... it's the beginning of a Trend.
Time to 'Govern Ourselves Accordingly'.
- Dean
" Live Long, Healthy ... And Prosper! "
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