Luminus CU in ON have 2.5% 2 years GIC special | GIC discussions | Discussion forum

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Luminus CU in ON have 2.5% 2 years GIC special
July 22, 2015
7:48 pm
Jon
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Seems like people are now rushing to get higher rate after interest cut. I think you can still try their special offer GIC, although they have change the maturity from 18 month to 2 years while keeping the same rate. They also seems to let you open an account online, although I am a bit confuse as they seems to force people to open a chequing account that only have service fee waived when you have direct deposit into it. The deal also seems to apply to register account, although the agent I talk to doesn't seems to understand are there fees for withdraw (there are fees on transferring amount to another institution).

July 23, 2015
6:13 am
Brimleychen
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If you want more, then take a look PACE Credit Union.

They have 3.01% p.a. GIC. However, you need to pay $175 for credit union share.

July 23, 2015
7:30 am
Norman1
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With Luminus Financial, there also seems to be a $5.99/year membership due. It is listed among their Other Services fees.

Their FiveStar Chequing Account requires payroll deposit to waive fees. Alternately, their Personal 1 Chequing Account will waive withdrawal and transfer out fees (but not bill payment) with a $1,000 minimum monthly balance.

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