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GIC Wealth Management Inc Special rates 1 Year 2.95%
June 2, 2018
12:49 pm
miro
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Just noticed 1 year GIC with Gic wealth management is 2.95%
Higher than oaken
Link

June 2, 2018
4:04 pm
Norman1
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Minimum $25,000.

The only institution offering anything near that is the 3% one-year GIC from Omni Direct.

Could be a special offer, through deposit brokers, from WFCU Credit Union, the institution behind Omnia Direct.

June 9, 2018
2:05 pm
dentgal
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I believe that Home Trust/Oaken is 3% for 1 year.

June 9, 2018
2:30 pm
Top It Up
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Oaken's website is showing 18-months @ 3.00%; 1-year @ 2.80%.

June 9, 2018
10:25 pm
GR
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As I posted elsewhere on this site, PACE Credit Union is the FI offering 2.95% for 1 yr. and 3.25% for 2 yrs. only through some GIC agents in Toronto. Agent Monarch Wealth in Toronto does not have the high minimums that GIC Wealth Management has.

June 10, 2018
7:44 am
Nehpets
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GR said
....only through some GIC agents in Toronto. ......  

I believe the rate(s) is available through (some) brokers of the Registered Deposit Brokers Association, one of which (Scrivens) is located in Ottawa.

However the rate does not appear to be available through the network of brokers affiliated with GICDirect.com

It would be interesting and informative to better understand how these broker affiliations work and how they qualify for access to the various deals.

June 10, 2018
1:59 pm
Loonie
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In order to offer 2.95, woulldn't the FI have to be paying the broker 3.2 or close to it? It gives me pause to wonder who would be willing, and why. I think this offer won't last long.

I dealt with Monarch Wealth many years ago. Had no problems with them. They sent all necessary forms out promptly by courier at that time.

June 11, 2018
10:42 am
Nehpets
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Loonie said
In order to offer 2.95, wouldn't the FI have to be paying the broker 3.2 or close to it? ..... I think this offer won't last long.

Correct!! As of today, the 2.95% is history with GIC-WM

Top rate is 2.85% for minimum $25K deposit at GIC-WM
Scrivens now has a 2.75% top rate

June 20, 2018
11:07 am
hotmony
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Monarch wealth they have a gic specialist in the big smoke. They have some names Gic wealth has dropped or doesn't care, for example, Airline, Auto Workers, Coast Cap., CU Atlantic, First Nations, Motor City smitty, Northern CU, Peace Hill, Tandia, Wealth1, Yncu, Zag..

Good to know in the current lull.

Please add other names and/or other gic brokers carry. Seems like Gic wealth and Monarch have the most comprehensive lists.

June 20, 2018
11:13 am
Loonie
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Perhaps Monarch has changed its act.
I dealt with then for several years a long time ago. They were fine to deal with but their rates became uncompetitive with what I could get on my own so I quit dealing with them. If they are offering such great rates now, why are they so shy about advertising them? There is almost no information on their website. Who wants to have to hone them up all the time? As bad as dealing with Tangerine.

I subscribe to gicwealth's daily email offerings but I rarely get exceptional offers from them.

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