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Hubert Financial Rate Change
February 27, 2024
8:08 pm
lifeonanisland
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Maybe time for a Snickers?

February 28, 2024
5:19 pm
MoneyManager
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I also like Hubert's 1-year quarterly GIC rate as I don't have to lock up my money for long and I get a much better interest rate than the daily variable. I wish I had looked into this much earlier than now. In these times of so much uncertainty I want my money to be as accessible as possible.
And apart from the sometimes long wait on the phone for help (one hour the other night), I don't see much negativity about Hubert's amalgamation with Access CU.

February 28, 2024
9:53 pm
RetirEd
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The Hubert quarterly term is indeed a Good Thing. But cashable terms have been around for years at many institutions; though they have become scarce today, I have seen a few around. I have bought many. I don't remember the most recent - certainly this month - but they do exist.

RetirEd

February 29, 2024
5:27 am
Case1030
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RetirEd said
cashable terms have been around for years at many institutions; though they have become scarce today.  

Absolutely. TDDI currently has four C$ cashable 1 year terms at 3.35% and a couple of 3 year terms at 3.5% available.

February 29, 2024
6:26 am
savemoresaveoften
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Case1030 said

Absolutely. TDDI currently has four C$ cashable 1 year terms at 3.35% and a couple of 3 year terms at 3.5% available.  

at those rates, may as well use a HISA.

March 2, 2024
6:32 am
RetirEd
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savemoresaveoften: They can still be convenient short-term parking spots when trying to consolidate several terms to a single deposit. Or push some cash across a tax deadline or into a new TFSA year.

At the moment, though, they aren't likely to be useful in waiting for rates to rise, as everyone expects a decline.

RetirEd

March 2, 2024
11:01 am
savemoresaveoften
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RetirEd said
savemoresaveoften: They can still be convenient short-term parking spots when trying to consolidate several terms to a single deposit. Or push some cash across a tax deadline or into a new TFSA year.

At the moment, though, they aren't likely to be useful in waiting for rates to rise, as everyone expects a decline.  

well it depends on how much u value convenience and the benefit of a single deposit, which is exactly what these big banks are "banking" on.

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