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Email this3:35 pm
May 24, 2016
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1-year TFSA GIC 4.95%
18 month TFSA GIC 5.30%
2 year TFSA GIC 5.15%
3-year TFSA GIC 5.15%
4-year TFSA GIC 5.15%
5-year TFSA GIC 5.25%
If you ask, they will give you a 30 day rate guarantee
9:12 pm
May 26, 2022
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Why are all the 18 mo term GIC's almost everywhere so much higher?
9:44 pm
April 14, 2021
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That's when they expect the recession to hit and drop interest rates.
11:15 pm
April 6, 2013
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That's just the rates that brings in deposits at a similar flow to what they are able loan the funds out.
Not every GIC issuer is keen on 18-month funds. These are the special GIC rates Royal Bank recently offered me:
| 1 Year | 4.75% |
| 18 Months | 3.30% |
| 2 Years | 5.00% |
| 3 Years | 5.00% |
| 4 Years | 4.05% |
| 5 Years | 5.00% |
11:52 pm
October 21, 2013
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Meridian has used the 18 month as their unofficial promo rate for a long time, and I imagine motus is following suit.
Any time I have complained to Meridian about their rates, they always point to the 18 month, whatever it may be at the time. They must have discovered that it's a good way to get people to start buying GICs.
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