Go to https://www.bankofcanada.ca/ra.....ian-bonds/ and select only the 5 year and 10 year government of Canada lines for a comparison.

Bond returns have been lackluster both short term based on short term XSB https://www.blackrock.com/ca/i.....-index-etf and medium term XBB https://www.blackrock.com/ca/i.....-index-etf

XSB with a duration of 2.8 years is the closest there is to that of a 5 year GIC ladder.

Dean said
.
What a Difference a Month makes ... they're back Up again❗

TDDI top GIC rates, as of today (July 26th) . . .

1Y 3.33%
2Y 3.70%
3Y 3.90%
4Y 3.93%
5y 4.02%

A good example of the normal Ebb & Flow of GIC rates.

Dean  

As of today (20 days later) . . .

1Yr 3.38%
2Yr 3.74%
3Yr 3.97%
4Yr 4.00%
5yr 4.10%

.
Dean

usephrase said

You can Pay a Bill to your TD DI account at a big amount, if you pay the bill from another banking account before the deadline ( 9: 00 PM or 10:pp PM, depends on which bank it is), you will receive your fund in TD DI next business day, sometime around 11:00 am at noon.

NO HOLD in TD DI in this way.
 

I agree Bill Pay to one's brokerage account (TDDI in this case) is the way to make funds likely immediately available the next business day. It is the best way to move funds.

Warwick111 said
TDDI top GIC rates from TD Bank Group today:

1Y 3.33%
2Y 3.72%
5y 4.07%

Those are very competitive rates. The catch is if I deposit a cheque today at TD the fund is on hold for a week. If I make a ETF transfer the fund will only be available after market closed tomorrow so I won't be able to buy a GIC until two days later, and their rates may no longer be at or near the top.  

You can Pay a Bill to your TD DI account at a big amount, if you pay the bill from another banking account before the deadline ( 9: 00 PM or 10:pp PM, depends on which bank it is), you will receive your fund in TD DI next business day, sometime around 11:00 am at noon.

NO HOLD in TD DI in this way.

It is alittle bit complicated to move out a fund from TD DI. You may go to a TD branch to sign a form to link another banking institute account. Then call TD DI to do an EFT.

BMO InvestorLine does T+1:

Settlement
All GIC purchases settle the next business day. The settlement date is also the issue date.

Same with Scotia iTRADE:

GIC orders are accepted until 4:00 pm ET on business days. All GIC purchases settle the next business day. The settlement date is also the issue date.

hwyc said

You made me look I'm selling some ISA in my registered account Tuesday today ... planning for a 3-year monthly at 3.84% Wednesday tomorrow

Interac *request* money can pull money in at $3,000 per day per FI per person(?) Alternatively, bill payment before a certain cut-off time today will arrive tomorrow morning ... but I supposed you are doing a larger amount.  

I am glad I made you look.
Yes, I am doing a much larger amount so etransfer does not work.

AltaRed said
There is no need to buy an in-house RBC GIC at RBC DI. I suspect the highest yield GIC at RBC DI will be something like Home Trust or Equitable Bank or Home Equity Bank. They often are the highest, or almost the highest yields at BMO Investorline and Scotia iTrade where I have my accounts. There should be no reason for RBC DI or TDDI for that matter to be any different.

The highest yields at TDDI or RBC DI are usually not from the in-house TD or RBC group. That is why I started this post because TD bank group has the highest yields for their 1/2/5 year terms. I still prefer the safety of the big 5 banks over smaller banks and when TD Bank also offers the highest yield, that makes my choice easier.

P.S. Is the ability to lock in not as simple as about a 50-50 proposition of win or lose?  
Yes, it is a 50-50 odds but I prefer to avoid surprises and would much rather know exactly what I am getting before making a commitment.

Warwick111 said
TDDI top GIC rates from TD Bank Group today:

1Y 3.33%
2Y 3.72%
5y 4.07%

Those are very competitive rates. The catch is if I deposit a cheque today at TD the fund is on hold for a week. If I make a ETF transfer the fund will only be available after market closed tomorrow so I won't be able to buy a GIC until two days later, and their rates may no longer be at or near the top.  

You made me look I'm selling some ISA in my registered account Tuesday today ... planning for a 3-year monthly at 3.84% Wednesday tomorrow

Interac *request* money can pull money in at $3,000 per day per FI per person(?) Alternatively, bill payment before a certain cut-off time today will arrive tomorrow morning ... but I supposed you are doing a larger amount.

P.S. Is the ability to lock in not as simple as about a 50-50 proposition of win or lose?

AltaRed said
No longer at or near the top, relative to whom in comparison? Other DIY discount brokerages? GIC issuers from other digital banks/CUs?
Relative to all the GIC offerings from TDDI, which is what this thread is about.

Rates are what they are at any point in time. No one knows if tomorrow or next week is higher or lower.
Agreed. However, the rate is locked in if I buy GIC from Oaken or Hubert while the fund is still on hold.

Those TDDI rates for TD are about the same as what BMO Investorline is offering from the likes of BMO itself, Concentra Bank, Equitable Bank. Each major DIY discount brokerage will offer very similar rates.  
I don't have BMO account so I can't tell. I do have RBCDI and RBC group's 5 year GIC is at 3.05% which is near the bottom of the list.