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Northern Credit Union
March 23, 2017
6:00 pm
wayne dustin
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You may want to consider a gic that is offered by northern credit union. They have a 1 yr offering at 2.25%. You can keep it there for year 2 for 2% or take out on anniversary date.

March 23, 2017
7:51 pm
Loonie
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https://www.northerncu.com/personal/rates/gics/
If you click on the Application, you get the following info:
"Available January 9th, 2017 until March 31, 2017.
If the member chooses, he/she can transfer their funds into another investment or redeem their investment following the first or second year without any penalties. This can be done within a 7-day window of the anniversary date of the initial deposit.
Available for both new and existing funds.
Earn 2.25% for the first 12 months if you deposit new money before March 31, 2017."

I was unable to determine whether they were open to people who don't live in northern Ontario or in Ontario.

March 24, 2017
2:03 pm
NorthernRaven
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Always be wary of anything with "Northern" in the name... 🙂

March 24, 2017
2:55 pm
JenE
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Love thatsf-wink

March 24, 2017
7:41 pm
James
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NorthernRaven said
Always be wary of anything with "Northern" in the name... 🙂  

Haha! 🙂

March 24, 2017
8:18 pm
NorthernRaven
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All Cretans are liars, said Epimenides the Cretan...

April 5, 2017
9:10 am
NCUInvestor
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April 5, 2017
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At Northern Credit union you do not need to be from Northern Ontario to be part of the credit union. Also with our website you can do the investing yourself instead of coming into the branch. We also have lots of good investment specials going on all the time. When one ends there is usually always one coming up.

Its a great place to invest.

October 18, 2019
8:36 am
hwyc
GTA
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It's 2019 & their 3-year Market Linked GIC caught my eyes sf-cool min 3.5%, max unlimited
Screenshot_2019-10-18-MLGICs.png
. . . comparing with 3-yr GIC leader on our chart, worth digging deeper if I got the cash

sf-embarassed Oops, my bad. It is market linked, probably 3.5% for whole term. ... Not comparable.

October 18, 2019
9:59 am
Oscar
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October 17, 2018
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I started the online application and this 3 year doesn’t appear as an option so i looked up my nearest branch. Open Tuesdays and Fridays. If i ever decide to make the trip i hope to remember to bring a couple of extra full gasoline cans in case the locals are only open on Mondays and Thursdays.

October 18, 2019
10:40 am
Bud
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apparently market link offer good till nov 25. Principal dico insured.
how can they do it offer that do they partake in some of the upside?

GIC King

October 18, 2019
11:01 am
Jon
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I call and this is indeed a per annum rate and not per term rate.

This is a really good return, all the upside and non the downside of equity.

October 18, 2019
12:09 pm
Bruford
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Jon said
I call and this is indeed a per annum rate and not per term rate.

This is a really good return, all the upside and non the downside of equity.  

And I called them and they told me it is 3.5% over 3 years, not 3.5% per year. It works out to 1.17% per year.

October 18, 2019
12:31 pm
gicjunkie
Ontario
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When I looked at this I felt it had to be 3.5% guaranteed for the whole term, not annually.

Again, if it looks too good to be true........

October 18, 2019
1:18 pm
hwyc
GTA
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sf-embarassed Oops, my bad. I can't find more written details on their website. Since it is market linked, probably 3.5% for whole term ... from previous experience elsewhere.

October 18, 2019
2:46 pm
Bud
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called sounded like 3.5 annually for duration bit misleading if not. will contact again to be sure

its 3.5 ÷ 3 minimum for term

GIC King

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