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Email this5:12 am
August 30, 2023
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There is a new entrant in RBC DI - SANTANDER BANK. I went into CDIC and checked and it shows:
Santander is a trade name used by Santander Consumer Bank, a CDIC member. Eligible deposits under Santander are combined with deposits held at Santander Consumer Bank for up to $100,000 of deposit protection, per category.
Currently they are the highest in RBC DI for the 2 yr at 4.16%
I believe SANTANDER BANK and Santander Consumer Bank are the same entity operating in Canada? I guess RBC DI just entered it as SANTANDER BANK in their system.
Just wanted to confirm with you guys.
Thanks
6:04 am
April 6, 2013
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Their related company RBC Dominion Securities has the issuer as "Santander Consumer Bank" in their "GIC Rates" document at the bottom of RBC Dominion Securities Inc. rates and foreign exchange:
| Fixed 1Y – 5Y Term GICs | 1 year | 2 year | 3 year | 4 year | 5 year |
| Santander Consumer Bank | 3.74% | 4.16% | 4.31% | 4.25% | 4.25% |
