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June 13, 2017
7:15 pm
Forum Posts: 1
Member Since:
June 13, 2017
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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
Forum Posts: 317
Member Since:
February 24, 2015
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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%?

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