April 14, 2021
April 6, 2013
Was just talking with Kevin Rotenberg and he said that he could do 5-yr 5.15% for 200K or more. So, there is some wiggle room (for larger balances.)
The customary deposit brokerage commission is ¼% for each year of the GIC.
The offered 0.05% improvement in yield is from assigning 0.05% of the 0.25% per year commission to the investor on $200,000+ purchases.