Pace Credit Union New 3 Year Rate @ 3.51% | GIC discussions | Discussion forum

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Pace Credit Union New 3 Year Rate @ 3.51%
December 17, 2018
7:18 am
gicjunkie
Ontario
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Pace, an Ontario credit union, has an offer for new money only for 3 years at 3.51%. Best 3 year rate I have seen recently. DICO insured.
GIC is RRSP and TFSA eligible.

Details of this and other preexisting promos @ https://www.bankwithpace.ca/te.....posits351/

December 17, 2018
10:02 am
Nehpets
Ontario
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What is the current status of Pace, after having been under administration by DICO due to governance issues.

Pace was a high roller with interest rates last year, then there were reports of irregularities, following some acquisitions made by Pace.

Can Pace CU be trusted?

December 17, 2018
6:28 pm
gicjunkie
Ontario
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This article about Pace was written in October. No other published details appear to be available. I suppose if one is concerned about Pace's future, one should contact DICO for an update. The governance issue had to do with the president and CEO ( a father and son) being placed on administrative leave. Don't know what precipitated this. DICO began operating the company at that point.

https://www.mortgagebrokernews.....49027.aspx

December 17, 2018
7:59 pm
Loonie
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Presumably, if DICO is running PACE, through Guy Hubert, then they and he think this GIC is a viable product - good for members and for business.

December 18, 2018
5:16 am
gicjunkie
Ontario
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The thing is that any GICs up to $250000 are protected by DICO anyways, so not much risk here. Maybe some minor inconvenience if it all goes bad, but probaby unlikely.

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