GIC Wealth Management Broker Rates | Page 9 | 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
GIC Wealth Management Broker Rates
August 3, 2022
7:10 pm
HermanH
Member
Members
Forum Posts: 708
Member Since:
April 14, 2021
sp_UserOnlineSmall Online
161sp_Permalink sp_Print

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.)

August 3, 2022
7:45 pm
Norman1
Member
Members
Forum Posts: 5469
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
162sp_Permalink sp_Print

HermanH said
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.

August 5, 2022
11:02 am
bigzim
Member
Members
Forum Posts: 29
Member Since:
February 8, 2022
sp_UserOfflineSmall Offline
163sp_Permalink sp_Print

Maybe, but you can lock in 100K for both yourself and your spouse and get the 5.15% rate. Just did it today. That will compliment my ladder

November 10, 2022
6:28 am
gicjunkie
Ontario
Member
Members
Forum Posts: 581
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline
164sp_Permalink sp_Print

New Rates Hit 5.30% For 5 Years:

1 year 5.20%*
18 month 5.08%***
2 year 5.15%*
30 month 5.10%***
3 year 5.21%*
4 year 5.21%*
5 year 5.30%*
* Minimum Investment $25,000
** Minimum Investment $50,000
*** Minimum Investment $75,000

November 17, 2022
6:58 am
hwyc
GTA
Member
Members
Forum Posts: 820
Member Since:
September 30, 2017
sp_UserOfflineSmall Offline

1yr @ 5.31% today (was 5.22%)
...
5yr @ 5.47% today (was 5.37%)

... still momentum but for now long?

November 17, 2022
9:16 am
gicjunkie
Ontario
Member
Members
Forum Posts: 581
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline
166sp_Permalink sp_Print

hwyc said
1yr @ 5.31% today (was 5.22%)
...
5yr @ 5.47% today (was 5.37%)

... still momentum but for now long?  

The CPI for October has confirmed that inflation is still high. This has also pretty much ensured that the BoC will raise the overnight lending rate again in December. These rate hikes are no doubt somewhat tied to these facts and projections. How long these increases continue is anyone's guess, but I would tend to go long term on any soon to be maturing investments. Never know when everything starts to reverse. Many FIs seem to be encouraging short term GICs based on the rates they are currently offering. To me it indicates that they think these higher rates will be short lived and they are loathe to enter into high long term rate contracts. Just my opinion.

November 21, 2022
3:18 pm
LeBronBMT
Member
Members
Forum Posts: 53
Member Since:
March 4, 2019
sp_UserOfflineSmall Offline

5.48% for 5 years now. Does anyone know what FI is offering this? I suspect it could be DUCA which I hope it's not, since I already have a normal account at DUCA. Not sure of the complications of buying a GIC through a broker for a credit union I'm already a member of, and if that would even be allowed.

November 21, 2022
3:27 pm
Norman1
Member
Members
Forum Posts: 5469
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

DUCA is offering five-year GIC's at 5.47% for $25,000+ through Fiscal Agents.

Just 0.01% difference. So, it could be them.

November 21, 2022
4:22 pm
GR
Member
Members
Forum Posts: 527
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline
169sp_Permalink sp_Print

LeBronBMT said
5.48% for 5 years now. Does anyone know what FI is offering this? I suspect it could be DUCA which I hope it's not, since I already have a normal account at DUCA. Not sure of the complications of buying a GIC through a broker for a credit union I'm already a member of, and if that would even be allowed.  

Possibly Credit Union Atlantic??

November 21, 2022
5:20 pm
HermanH
Member
Members
Forum Posts: 708
Member Since:
April 14, 2021
sp_UserOnlineSmall Online
170sp_Permalink sp_Print

GR said Possibly Credit Union Atlantic??  

Yes

November 22, 2022
6:45 am
gicjunkie
Ontario
Member
Members
Forum Posts: 581
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline
171sp_Permalink sp_Print

LeBronBMT said
5.48% for 5 years now. Does anyone know what FI is offering this? I suspect it could be DUCA which I hope it's not, since I already have a normal account at DUCA. Not sure of the complications of buying a GIC through a broker for a credit union I'm already a member of, and if that would even be allowed.  

I have made investments through brokers with credit unions that I already belong to. Not an issue.

November 22, 2022
8:00 am
gicjunkie
Ontario
Member
Members
Forum Posts: 581
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline
172sp_Permalink sp_Print

Norman1 said
DUCA is offering five-year GIC's at 5.47% for $25,000+ through Fiscal Agents.

Just 0.01% difference. So, it could be them.  

GIC Wealth rates up again: 5.50% for 5 years

1 year 5.35%*
18 month 5.15%***
2 year 5.35%*
30 month 5.20%***
3 year 5.40%*
4 year 5.40%*
5 year 5.50%*
* Minimum Investment $25,000
** Minimum Investment $50,000
*** Minimum Investment $75,000

November 22, 2022
6:47 pm
COIN
Member
Members
Forum Posts: 803
Member Since:
March 15, 2019
sp_UserOfflineSmall Offline
173sp_Permalink sp_Print

gicjunkie said

GIC Wealth rates up again: 5.50% for 5 years

1 year 5.35%*
18 month 5.15%***
2 year 5.35%*
30 month 5.20%***
3 year 5.40%*
4 year 5.40%*
5 year 5.50%*
* Minimum Investment $25,000
** Minimum Investment $50,000
*** Minimum Investment $75,000  

Who is offering these rates? Names please.

November 23, 2022
7:53 am
gicjunkie
Ontario
Member
Members
Forum Posts: 581
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline
174sp_Permalink sp_Print

COIN said

Who is offering these rates? Names please.  

I don't bother companies to answer questions posed by other people. If I had the answer, I would have provided it. The resources are available. Knock yourself out.

https://gicwealth.ca/

November 23, 2022
8:24 am
COIN
Member
Members
Forum Posts: 803
Member Since:
March 15, 2019
sp_UserOfflineSmall Offline
175sp_Permalink sp_Print

Fiscalagents name the institutions upfront.

November 23, 2022
8:49 am
Koogie
Member
Members
Forum Posts: 324
Member Since:
November 19, 2014
sp_UserOfflineSmall Offline
176sp_Permalink sp_Print

gicjunkie said

I don't bother companies to answer questions posed by other people. If I had the answer, I would have provided it. The resources are available. Knock yourself out.

https://gicwealth.ca/  

Well said. People want everything spoon fed to them nowadays..

and thanks as always for the updates.

Cheers.

November 23, 2022
9:33 am
MattS
Member
Members
Forum Posts: 109
Member Since:
January 11, 2020
sp_UserOfflineSmall Offline
177sp_Permalink sp_Print

someone else once had a link to collingwood financial centre deposit brokers on here & they also name institutions and sometimes varies from fiscal agent for those interested

November 23, 2022
10:04 am
COIN
Member
Members
Forum Posts: 803
Member Since:
March 15, 2019
sp_UserOfflineSmall Offline
178sp_Permalink sp_Print

MattS said
someone else once had a link to collingwood financial centre deposit brokers on here & they also name institutions and sometimes varies from fiscal agent for those interested  

I suppose those who don't name names have their reason(s), just like those who do name names also have their reason(s). What are these reasons? I suppose not naming names generate more telephone calls.

No permission to create posts

Please write your comments in the forum.