Some GIC Rates Moving Up | GIC discussions | Discussion forum

GR said
Through GIC brokers, 1 year GIC rates today are 4% with IC Savings C.U. and Pathwise C.U.  

Never heard of these. Must be very small and need to pay more to attract funds.

I also see the GIC rates moving higher in my brokerage account. 1 year GICs are at 3.52%

I have several GICs , maturity dates are in July. Will GIC rates be higher in July 2025?

AltaRed said
Possibly if BoC does not reduce the overnight rate in June. Either way, you are they will likely see single digit bp changes either way, not enough to move the needle, i.e. whether a 1 yr GIC might be 3.42% or 3.57% is not material. Just buy when a GIC matures and not second guess.

Spouse bought a 1 yr GIC 2 weeks ago in her brokerage account @ 3.49%.  

Thank you !
I also prefer 1 year GIC. 3 or 5 years GIC is a long time, we do not know what will happen to us in 3 or 5 years.

E Q Bank now has 3.85% for 5 years.

Ganaraska Financial Credit Union has a 3 year GIC rate at 3.50%.

Nehpets said

Even better rate of 4.00% - 5 years Wealth One Bank (direct) as well as broker rates of 4.05% - 2 years (GIC Wealth) and rates at 4.00% + MCan and others from various brokers.

Stephen  

Sometime financial institutions might offer better rates because they have trouble attracting money. Does the street know something we don't?