Ganaraska Financial Credit Union | Page 2 | GIC discussions | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Ganaraska Financial Credit Union
January 5, 2024
7:10 am
mel78
Member
Members
Forum Posts: 13
Member Since:
September 20, 2022
sp_UserOfflineSmall Offline

Circling back to this thread now it is the new year. Noticing that this Credit Union's rates are higher than most at the moment, whether that remains, who knows? Rates are going down, but am I missing any other CU rates?

Ganaraska Rates remain at:
5.80%, 7 months
5.60% 18 months
5.55% 1 Year

January 5, 2024
8:02 am
gicjunkie
Ontario
Member
Members
Forum Posts: 650
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline

I guess you are missing the brokers' rates, if you are interested.

GIC Wealth
1 year 5.95%*
18 month 5.75%**
2 year 5.91%

I am assuming you just want short term.

January 5, 2024
8:04 am
mel78
Member
Members
Forum Posts: 13
Member Since:
September 20, 2022
sp_UserOfflineSmall Offline

Thank you for sharing these rates but yes looking for more short term. What is your opinion on the rate drops supposedly coming?

January 5, 2024
8:23 am
gicjunkie
Ontario
Member
Members
Forum Posts: 650
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline

The rate drops, for long term, are occurring as we speak. The 5.8% rates are gone and the 5.6% rates are disappearing. 5% for long term may be the new base for a while. Short term rates may stay firm for a while, depending on the Bank of Canada rate announcements and "tone." Just guessing, like everyone else.

January 5, 2024
10:24 am
mel78
Member
Members
Forum Posts: 13
Member Since:
September 20, 2022
sp_UserOfflineSmall Offline

Thank you for sharing, I did some research myself and still found this Credit Union ( Ganaraska ) to be competitive for non broker rates. As always it is a guessing game you are right.

January 5, 2024
11:07 am
gicjunkie
Ontario
Member
Members
Forum Posts: 650
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline

Yes, they can be competitive and will sometimes be open to matching others offering higher rates. I have dealt with them in the past and they are good to work with. Speak to Sarah in Port Hope. Good luck.

February 9, 2024
6:59 am
mel78
Member
Members
Forum Posts: 13
Member Since:
September 20, 2022
sp_UserOfflineSmall Offline

Thanks GICJUNKIE - I went to the Port Hope Office for an appointment with Sarah Mitchell this month, just wanted to report back, it was a great experience.

I noticed the rates are still a lot higher than other Credit Unions. I had some money with firstontario but moved it over to Ganaraska at maturity. Dont know how long the rates will stay.

1 year 5.45%
15 months 5.35%

February 9, 2024
8:46 am
gicjunkie
Ontario
Member
Members
Forum Posts: 650
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline

mel78 said
Thanks GICJUNKIE - I went to the Port Hope Office for an appointment with Sarah Mitchell this month, just wanted to report back, it was a great experience.

I noticed the rates are still a lot higher than other Credit Unions. I had some money with firstontario but moved it over to Ganaraska at maturity. Dont know how long the rates will stay.

1 year 5.45%
15 months 5.35%  

Glad it all worked out well. You're welcome!

No permission to create posts

Please write your comments in the forum.