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Email this10:04 am
February 8, 2022
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If you call GIC wealth and talk to Kevin, he will tell you who is giving him premier rates. Usually his rates are better than the published rate. Especially with funds above 50 k .
10:35 am
April 18, 2022
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Brandon is no longer with GicW?
12:45 pm
October 21, 2013
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canadian.100 said
Would anyone know which GIC Broker is offering the One Year @ 4.5%? GIC Wealth indicates min purchase of 50K but they do not list the names of the FIs and their rates, nor does GIC Direct. Some Brokers like Fiscal in Oakville do list the FI names and rates but the 4.5% is not there. Perhaps there is another GIC Broker which itemizes the 4.5% and the FI it comes from. If you have that link, that would be appreciated.
Thanks.
The Financial Centre of Collingwood offer this but i don't know anything about them, have never contacted them. They Code to FI names is further down the page. They are only at 4.42 as of today but will likely catch up as they all seem to or may offer m ore for larger deposit.
http://www.finctr.ca/rates/newhighr.pdf
1:26 pm
September 24, 2019
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Call toll free: 866-228-9442 and ask them. Let us know when you find out.
1:42 pm
September 7, 2018
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Loonie said
The Financial Centre of Collingwood offer this but i don't know anything about them, have never contacted them. They Code to FI names is further down the page. They are only at 4.42 as of today but will likely catch up as they all seem to or may offer m ore for larger deposit.
http://www.finctr.ca/rates/new.....hr.pdf
Thanks very much Loonie for the Collingwood FC link. Very impressive with the codes listed. Yes they are only at 4.42 but min required is $10K - Lighthouse CU (that's a new one for me). GIC Wealth tends to have much higher minimums eg 25K or 50K or 75K etc. and their rates tend to be a bit higher too - eg 4.5% for one year. Thanks again!
1:49 pm
September 7, 2018
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Duplicate - please delete.
2:45 pm
September 7, 2018
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bigzim said
If you call GIC wealth and talk to Kevin, he will tell you who is giving him premier rates. Usually his rates are better than the published rate. Especially with funds above 50 k .
WealthOne Bank, IC, Windsor Family Credit Union and Haventree have offered premier rates, but he says things can change daily.
3:01 pm
October 21, 2013
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canadian.100 said
Thanks very much Loonie for the Collingwood FC link. Very impressive with the codes listed. Yes they are only at 4.42 but min required is $10K - Lighthouse CU (that's a new one for me). GIC Wealth tends to have much higher minimums eg 25K or 50K or 75K etc. and their rates tend to be a bit higher too - eg 4.5% for one year. Thanks again!
You're welcome.
Lighthouse is a new CU, just opened this year in Toronto in an obscure location. Probably too early to know if it will be good to use. In my opinion, their website is dreadful.
4:28 am
September 7, 2018
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This is one of the nicer sites for a GIC Broker - ABC Investments in Goderich ON
https://abcinvestments.ca/
11:56 am
September 7, 2018
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GIC Broker The Financial Centre of Collingwood is offering One Year GIC YNCU (Your Neigbourhood Credit Union) @ 4.5% with a minimum of $50K.
YNCU website itself also offers One Year GIC @ 4.50 - minimum of $100K on their site.
4.5% seems to be the highest One Year GIC rate right now. Still a l-o-n-g way to get to 5% for One Year.
12:04 pm
April 14, 2021
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YNCU also offering 5.25% for 5-yr. I thought that 5-yr rates would be frozen at the 5-5.15% range. Nice surprise.
12:09 pm
September 7, 2018
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HermanH said
YNCU also offering 5.25% for 5-yr. I thought that 5-yr rates would be frozen at the 5-5.15% range. Nice surprise.
I think that people are hesitant to purchase and lock up for 5 years so issuers need to sweeten the deal. Also, YNCU isn't exactly Scotiabank or Tangerine etc.
12:25 pm
April 18, 2022
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Canada is not a stable country deserving of such low interest rates. 5yrs is a very long time to be trapped when government and business are pretending not to be inflating to dissolve their debts and get rich. Under 8% government is subsidizing whether printing money or borrowing it's all the same they are inflating. Minimum 5% for 5yrs fully cashable with full interest. Otherwise 7.5-8% for 5yrs.
1:21 pm
February 4, 2015
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Looks like an increase today for the 5 year gic posted on http://www.gicwealth.ca/ to 5.25%. Does anyone know which institute is offering this?
1:27 pm
April 14, 2021
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Your NeighbourhoodCU (YNCU)
1:33 pm
February 4, 2015
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Different neighbourhood unfortunately! I'm in BC. Just wondering if anywhere may be offering the 5.25% without that province residence prerequisite?
5:59 pm
April 14, 2021
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Dang, you are right. I need to ask my broker why he suggested that rate to me, knowing that I am in AB.
7:26 am
November 18, 2017
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Is there any chance that it's the broker location, not the end buyer location, that qualifies?
RetirEd
RetirEd
7:51 am
October 21, 2013
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In my experience, deposit brokers don't usually offer GICs from CUs outside of their own province.
There was an exception a few years ago. I think it was a BC CU that was made available to Ontario, but I was not involved.
1:15 pm
March 30, 2017
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AllanB said
Canada is not a stable country deserving of such low interest rates. 5yrs is a very long time to be trapped when government and business are pretending not to be inflating to dissolve their debts and get rich. Under 8% government is subsidizing whether printing money or borrowing it's all the same they are inflating. Minimum 5% for 5yrs fully cashable with full interest. Otherwise 7.5-8% for 5yrs.
But the time it reaches 7-8%, you will say too low and need 10%, lol
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