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Email this9:47 am
June 22, 2023
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GIC New Rate Previous Rate Rate Change
1-year 3.80% 3.70% ▲ +10 bps
18-mon 3.90% 3.90% -
2-year 4.05% 3.95% ▲ +10 bps
3-year 4.20% 4.05% ▲ +15 bps
4-year 4.25% 4.10% ▲ +15 bps
5-year 4.40% 4.30% ▲ +10 bps
11:23 am
September 15, 2017
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Through GIC brokers/agents, Wealth One Bank GICs are available for 1 year @ 4.12%
and 2 years at 4.22%.
11:31 am
August 10, 2022
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It appears that W1 wants to be a rate leader for most GIC terms. In short time, W1 responded to Haventree Bank increased GIC rates and is the rate leader in 3, 4 and 5 year terms now. They are also tied for top spot for the 1 year term and tied for second for the 2 year term based on the GIC chart. I have several GIC's with them maturing next year. The only downside in buying GIC's from W1 is that you have to call them at maturity to request a cash out, otherwise they will renew your GIC. I preferred Tangerine Bank's automatic cash out when their GIC's mature with no need to call them to request this.
1:26 pm
January 12, 2019
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.
Correction ⬆️, Bryguy . . .
Once your GIC is set up at W1BoC, you can go onto that GIC's summary page, and change the maturity instructions.
Cheers,
- Dean
" Live Long, Healthy ... And Prosper ! "
2:03 pm
August 10, 2022
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Thanks for the note Dean.
I just logged in and went to the "Change GIC Maturity Option" to have the proceeds go into my W1 HISA. After I hit the submit button it gave me the following message "Unsuccessful transaction If you require further assistance, please call 1.866.392.1088 or email our technical support at Help@wealthonebank.ca.". Maybe I can only request this change closer to the maturity date. Will have to investigate further.
