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EQ and Alterna raise GIC Rates
October 18, 2019
12:29 pm
3oakwest
Ontario, Canada
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Good to see that EQ and Alterna raised their 1 year GIC rates to 2.40%

As well, EQ has a 1 month offer at 2.33%

October 18, 2019
1:32 pm
Dean
Selkirk Mountains, British Columbia
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3oakwest said

Good to see that EQ and Alterna raised their 1 year GIC rates to 2.40%

As well, EQ has a 1 month offer at 2.33%  

Is this ⬆ a 'Hiccup' ... or a hint that the rate lowering trend might be over ⁉

sf-cool " Live Long And Prosper " sf-cool

October 18, 2019
2:10 pm
hwyc
GTA
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Do you mean EQ 3 months 2.33% ?

October 18, 2019
3:08 pm
Dean
Selkirk Mountains, British Columbia
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hwyc said

Do you mean EQ 3 months 2.33% ?  

Most likely ... EQ Bank doesn't have a 1 month GIC. sf-smile

Here's the link to EQ's GIC rates ➡ https://www.eqbank.ca/personal-banking/gics

sf-cool " Live Long And Prosper " sf-cool

October 18, 2019
4:33 pm
3oakwest
Ontario, Canada
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Yes, 2.33% for 3 months. Sorry

October 19, 2019
12:23 am
Loonie
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2.35% for first 3 months of a one-year at Hubert, and you can keep it there for a whole year with escalating rates set at time of purchase, if you want. This gives you a bit of a hedge against further rate reductions..

There are several other options for one year at 2.5 or more.

October 19, 2019
8:30 am
Bill
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Would be nice if HISA or GIC chart listed the current specials on short-term, non-standard period (e.g. 3 month, 15 month) GICs as in a way these compete with HISAs for some folks who might consider locking in for short periods for a better rate than they're getting in their HISA.

October 19, 2019
10:33 am
Dean
Selkirk Mountains, British Columbia
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Loonie said

2.35% for first 3 months of a one-year at Hubert, and you can keep it there for a whole year with escalating rates set at time of purchase, if you want. This gives you a bit of a hedge against further rate reductions. . . .  

YES ⬆❗

Hubert's one year, quarterly escalating rate, term deposit is one of the Main reasons I deal with Hubert Financial. And if need be, you can withdraw your funds before maturity and not lose interest earned in previous quarters.

This is how it works ➡ https://www.happysavings.ca/products/terms/one-year-terms/

sf-cool " Live Long And Prosper " sf-cool

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