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Compound or not compound?
October 11, 2018
7:51 am
Nehpets
Ontario
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kevhaw said

..... Meridian has a "gotcha" clause. Before you can get their high rate promotional GIC's, you have to use "new money.".....  

Exceptions have been known to occur...sf-wink

January 9, 2020
2:32 pm
yuj
Ontario
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I will renew a GIC for 1 yr tomorrow in my registered TDDI acc.
Though the available one year rates are crappy (as of today),
I am inclined to think TD monthly compound 2.14% reinvested is better than Equitable annual compound 2.17%.
Anyone care to comment ?

January 9, 2020
3:22 pm
hwyc
GTA
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With TDDI TD1M GIC, interest is paid out in cash monthly.

January 9, 2020
4:51 pm
yuj
Ontario
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Actually I thought maybe the 1 yr TD monthly compound 2.14% with the interest monthly reinvested, that the effective yield might be higher than the Equitable annual compound 2.17%, but seems the TD monthly compound effective rate is around 2.161%

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