rates drop | 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

sp_Feed Topic RSS sp_TopicIcon
rates drop
June 13, 2017
7:15 pm
euro
Newbie
Members
Forum Posts: 1
Member Since:
June 13, 2017
sp_UserOfflineSmall Offline

my being cynical at all things banking, I just wonder how long after investing in a 5 yr gic will the 3.25 rate drop to 1.0?

June 14, 2017
3:34 am
2of3aintbad
Member
Members
Forum Posts: 187
Member Since:
February 24, 2015
sp_UserOfflineSmall Offline

GIC stands for Guaranteed Investment Certificate, including guaranteed rate. So once you buy the GIC at 3.25%, you have locked in the rate for the entire term. Why would you care that the rate goes down to 1%?

Please write your comments in the forum.