Pace Credit Union New GIC Rates | GIC Discussions | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Pace Credit Union New GIC Rates
June 14, 2018
4:30 pm
gicjunkie
Ontario
Member
Members
Forum Posts: 159
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline

New GIC rates as follows:

1 year 2.80%
2 years 3.10%
3 years 3.25%
4 years 3.30%
5 years 3.53%

I believe this is for new money only.

July 10, 2018
6:37 am
Norman1
Member
Members
Forum Posts: 1825
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

The special rates are still being offered: PACE Credit Union: Term Deposits

On the last page of their June 2018 newsletter, it mentions a $5,000 minimum for the 3.10% 2-year GIC.

July 10, 2018
7:05 am
Top It Up
Member
Members
Forum Posts: 929
Member Since:
December 17, 2016
sp_UserOfflineSmall Offline

Y'all forgot to mention -

Requirements

To apply, you must meet these requirements:

- You are 18 or older.
- You are resident of Ontario.
- You have not declared bankruptcy in the last 7 years.

July 10, 2018
5:44 pm
Norman1
Member
Members
Forum Posts: 1825
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

PACE Credit Union seems to be more of a bricks-and-mortar financial institution rather than an online one.

One will need to apply to become a member. There is the possibility of having to visit one of their branches in southwestern Ontario to complete the membership process:

Note that for security reasons you may need to visit one of our branches to complete the application process.

July 10, 2018
6:02 pm
Nehpets
Ontario
Member
Members
Forum Posts: 364
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline

Norman1 said
PACE Credit Union seems to be more of a bricks-and-mortar financial institution rather than an online one.
 

Which could explain why they occasionally offer GIC's through deposit brokers as they did a few weeks ago.

July 31, 2018
7:04 am
gicjunkie
Ontario
Member
Members
Forum Posts: 159
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline

Another rate special from Pace:

3.40% for 29 months for new money. (Some conditions apply so contact a branch)

July 31, 2018
7:43 am
hotmony
Member
Members
Forum Posts: 81
Member Since:
February 20, 2018
sp_UserOfflineSmall Offline

gicjunkie said
Another rate special from Pace:

3.40% for 29 months for new money. (Some conditions apply so contact a branch)  

Good deal

August 3, 2018
11:29 am
Blue
Member
Members
Forum Posts: 10
Member Since:
March 5, 2018
sp_UserOfflineSmall Offline

gicjunkie said
Another rate special from Pace:

3.40% for 29 months for new money. (Some conditions apply so contact a branch)  

Wow, this is a great deal! Thanks Gicjunkie.

August 3, 2018
12:00 pm
Loonie
Member
Members
Forum Posts: 4013
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

Norman1 said
PACE Credit Union seems to be more of a bricks-and-mortar financial institution rather than an online one.

One will need to apply to become a member. There is the possibility of having to visit one of their branches in southwestern Ontario to complete the membership process:

Note that for security reasons you may need to visit one of our branches to complete the application process.

  

They are not just in southwestern Ontario. There is a branch in Markham, for instance (Woodbine & Hwy 7).
Looks like you can apply online but you can't get the odd-month special offers that way. I think it would be safer to visit personally, to be sure you get what you want.

August 3, 2018
12:04 pm
Loonie
Member
Members
Forum Posts: 4013
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

The 3 and 4 year special rates above are no longer on their website. Regular rates are low, 1-5 yrs 2.0 to 2.6

August 4, 2018
8:16 am
Peter
Admin
Forum Posts: 875
Member Since:
May 15, 2007
sp_UserOfflineSmall Offline

Here's the promo page for the 3.40% 29-month GIC special: https://www.bankwithpace.ca/term-deposits-29-month/

August 4, 2018
9:07 am
semi-retired
Member
Members
Forum Posts: 81
Member Since:
April 15, 2015
sp_UserOfflineSmall Offline

Loonie said
The 3 and 4 year special rates above are no longer on their website. Regular rates are low, 1-5 yrs 2.0 to 2.6  

At the bottom of the 29 month promo page it shows the great rates mentioned earlier in the posting from 1-5 years.Only Hubert at 2.85% is higher than Pace's 2.80% for 1 yr. term.

August 4, 2018
10:23 am
Nehpets
Ontario
Member
Members
Forum Posts: 364
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline

semi-retired said
Only Hubert at 2.85% is higher than Pace's 2.80% for 1 yr. term.  

No quite, SR! Omnia Direct continues to pay 3% - 1 Yr, 3.10% 18 mos and 3.25% 2 yrs

Additionally, it seems the 2.90% advertised by some brokers, is being offered by Pace; IC Savings (agent) is 2.86% 1 yr.

Other 2.80% 1 yr offerings are from Oaken and Duca.

Stephen

August 4, 2018
11:31 am
semi-retired
Member
Members
Forum Posts: 81
Member Since:
April 15, 2015
sp_UserOfflineSmall Offline

Nehpets said

No quite, SR! Omnia Direct continues to pay 3% - 1 Yr, 3.10% 18 mos and 3.25% 2 yrs

Additionally, it seems the 2.90% advertised by some brokers, is being offered by Pace; IC Savings (agent) is 2.86% 1 yr.

Other 2.80% 1 yr offerings are from Oaken and Duca.

Stephen  

I was just going off the website globeinvestors.com which I follow regularly.Glad to have backup eyes watching everywhere for the betterment of everyone here.Thanks.

August 4, 2018
12:06 pm
Nehpets
Ontario
Member
Members
Forum Posts: 364
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline

semi-retired said
I was just going off the website globeinvestors.com which I follow regularly 

SR,

I use the globeinvestors site also, but unfortunately it contains omissions as do all the other listing sites such as Cannex, Financial Post, Ratehub, Moneyguide and Fiscal Agents.

I think some of the sites require the FI to subscribe to be listed.

Important exclusions (of interest especially to some Forum members) on most, if not all of these sites are Wealth One Bank, Omnia Direct and Duca, Pace.

By monitoring the Forum, all the listing sites and a few brokers' sites, I have 20 sites on which I find I can maintain a pretty good overview of the interest rate market.

I set up a dedicated folder in the bookmarks of my Chrome browser, and by right clicking on the folder title, all 20 tabs open simultaneously for a total overview.

Stephen

August 4, 2018
1:16 pm
semi-retired
Member
Members
Forum Posts: 81
Member Since:
April 15, 2015
sp_UserOfflineSmall Offline

Stephen I am very low tek,bumble around here using 1 finger.I still refuse to own a cellphone.Whenever I have even a minor problem on here it's Heather (my wife) or Matt (my son) get over here.I just recently learned,lol,how to save pages.This website has taught me more about finances,just by reading all the articles,than listening to several former financial planners.

August 4, 2018
2:52 pm
Loonie
Member
Members
Forum Posts: 4013
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

I wish Stephen was my live-in computer guru!sf-cool

I know next to nothing about tech but is it possible to set up something like what he has done via this forum?, i.e. a page we could click on which links to all these other ones? I am getting bwildered with all these GIC brokers and can't keep up.

FWIW, when I looked into it a few years ago, I learned somehow that a lot of the sites in question depend on the originating FIs to advise them of updates in rates, and some weren't very prompt.

August 4, 2018
5:06 pm
Nehpets
Ontario
Member
Members
Forum Posts: 364
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline

Loonie and Semi Retired,

Not to derail this discussion thread, if you would like to duplicate my technique of monitoring a series of favorite websites that open simultaneously in a browser, I posted instructions in a separate Forum post here:

Opening An Overview Of Favorite Sites Simultaneously

If you would like additional information, we could discuss it there.

Stephen

August 4, 2018
8:03 pm
Loonie
Member
Members
Forum Posts: 4013
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

thanks, Stephen,. Perhaps spouse can look into this for me.

August 5, 2018
5:35 am
semi-retired
Member
Members
Forum Posts: 81
Member Since:
April 15, 2015
sp_UserOfflineSmall Offline

Thanks for the info Stephen.My tek support in my house will get it set up for me.

No permission to create posts

Please write your comments in the forum.