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Email this7:10 am
September 20, 2022
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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
8:02 am
November 7, 2014
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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.
8:04 am
September 20, 2022
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Thank you for sharing these rates but yes looking for more short term. What is your opinion on the rate drops supposedly coming?
8:23 am
November 7, 2014
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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.
10:24 am
September 20, 2022
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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.
11:07 am
November 7, 2014
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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.
6:59 am
September 20, 2022
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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%
8:46 am
November 7, 2014
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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!
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