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Email this1:49 pm
April 1, 2017
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5 year RRSP GIC is now 2.75%, up from 2.70%.
3:06 pm
March 15, 2019
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From Motus email today....
Our 3- and 5-Year Registered Escalator GIC rates have changed. Here are the details!
Rate change
3 Year Escalator
(Average Yield)
Current rate: 2.35%
New rate: 2.55%
As of Jan 21, 2020
5 Year Escalator
(Average Yield)
Current rate: 2.60%
New rate: 2.80%
As of Jan 21, 2020
3:14 pm
February 20, 2018
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GONG!
8:07 am
April 1, 2017
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If you can do the math then their 5 year escalator rate is actually 2.7586% and not 2.80%.
6:53 am
April 1, 2017
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Motusbank 5 year non escalator GIC rate increases from 2.75% to 2.80%. All other previous rates have increased as well.
7:34 am
September 30, 2017
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Caledondave said
Motusbank 5 year non escalator GIC rate increases from 2.75% to 2.80%. All other previous rates have increased as well.
When I looked at their website, registered 5 yr GICs are 2.80% but non-registered 5-yr is 2.75% ... I really don't understand why they bother with only 0.05% difference.
4:48 pm
October 21, 2013
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I don't know their reasoning but motus has been doing this pretty much since the beginning Their registered rates are typically .05 higher. They must think this leads to more long term business. I would disagree, but they didn't ask my opinion!
On the plus side, they don't discriminate in regards to RIF accounts as some FIs do - either by not offering them or by giving lower rates.
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