GIC Rates Through Brokers Now Exceed 6% | GIC discussions | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





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

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
GIC Rates Through Brokers Now Exceed 6%
October 23, 2023
6:11 am
GR
Member
Members
Forum Posts: 634
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline
Go to Top
1sp_Permalink sp_Print

Today, (some) GIC brokers are offering 6.02% p.a. for 1 year with Windsor Family Credit Union ($5k) and Wealth One Bank ($25k); also 6.04% for 2 years with same two F.I. and same minimums.

October 23, 2023
11:03 am
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 1914
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline
Go to Top
2sp_Permalink sp_Print

.
Yup ... although it's getting a bit Long-In-The-Tooth,
it looks like this Run ain't over yet !

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

October 23, 2023
11:14 am
althisa
Member
Members
Forum Posts: 104
Member Since:
September 5, 2023
sp_UserOfflineSmall Offline
Go to Top
3sp_Permalink sp_Print

GR said
Today, (some) GIC brokers are offering 6.02% p.a. for 1 year with Windsor Family Credit Union ($5k) and Wealth One Bank ($25k); also 6.04% for 2 years with same two F.I. and same minimums.  

Good to know, waiting on upcoming news next week and next month

All eyes on the ... Bank of Canada interest rate announcement Wed 25th Oct
https://tradingeconomics.com/canada/calendar

Then on the US Fed Decision on interest rate in November

All the while keeping an eye on the Canada 5 year bond
https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx

October 25, 2023
8:17 am
NorthernRaven
Moderator
Moderators
Forum Posts: 606
Member Since:
August 4, 2010
sp_UserOfflineSmall Offline
Go to Top
4sp_Permalink sp_Print

By the way, I couldn't seem to find a link to it on their site, but GICdirect seems to maintain a daily update PDF page of their highest rates, which includes the provider and minimum:

https://www.gicdirect.com/images/documents/ratesheet.pdf

Although some of the nonreg annual rates differ from their website by a few basis points.

Note that their highest 5-year annual rate (from MCAN) for nonreg seems to have a $100,000 minimum, while the rate for 5yr RRSP (also MCAN) is only a 25,000 minimum. I think you can get the $25K rate for unreg at 5 basis points less, according to MCAN's own PDF chart. Under $25K MCAN is non-competitive, something like a 2% drop.

October 25, 2023
8:38 am
gicjunkie
Ontario
Member
Members
Forum Posts: 653
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline
Go to Top
5sp_Permalink sp_Print

NorthernRaven said
By the way, I couldn't seem to find a link to it on their site, but GICdirect seems to maintain a daily update PDF page of their highest rates, which includes the provider and minimum:

https://www.gicdirect.com/images/documents/ratesheet.pdf

Although some of the nonreg annual rates differ from their website by a few basis points.

This site also shows additional options for each investment length and amount:

https://www.finctr.ca/rates/newhighr.pdf

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.