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Email this6:50 am
September 15, 2017
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Through GIC brokers, 1 year GIC rates today are 4% with IC Savings C.U. and Pathwise C.U.
9:11 am
September 7, 2018
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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.
9:31 am
January 13, 2022
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Perhaps tip of the iceberg. Global bond market is doing strange things. Yields moving higher. Debt servicing becoming more expensive. The cycle continues.
11:40 am
December 7, 2023
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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?
12:54 pm
October 27, 2013
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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%.
2:23 pm
December 7, 2023
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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.
3:29 pm
January 12, 2019
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.
- I do ⬆
.
.
Just ask me ❗
- Dean
" Live Long, Healthy ... And Prosper! "
12:14 pm
May 14, 2019
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E Q Bank now has 3.85% for 5 years.
11:31 am
December 20, 2016
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lesley said
E Q Bank now has 3.85% for 5 years.
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
10:17 am
September 20, 2022
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Ganaraska Financial Credit Union has a 3 year GIC rate at 3.50%.
10:38 am
September 20, 2022
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Credit Union in Ontario
5:37 pm
March 15, 2019
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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?
1:49 pm
September 20, 2022
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Happy New Year to all..hope everyone enjoyed the festivities !
Was eager to search for new GIC rates for this year, came across these
Ganaraska Financial Credit Union - 4 Years @3.65% new money special..
30 months for 3.60%...a good option
Meridian has 3.60% but for 5 years
Worth exploring anyway
7:19 am
April 14, 2021
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If your horizon is 5-yr, Achieva has 3.8%
6:29 pm
March 15, 2019
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Are these rates in the 3.something range at or near their historical lows?
8:19 am
November 18, 2017
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Far from it, COIN. I can recall, not all that long ago, when stable 2.x rates were the norm.
RetirEd
9:36 am
September 15, 2017
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In 2021, best one year GIC rates were about 1.50% p.a.!
7:34 pm
March 15, 2019
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I can also remember when GIC rates were in the teens and I think inflation was also in the teens. (Some people were calling Canada Brazil North.) I think one year Canada Savings Bonds actually hit 20%.
10:58 am
September 24, 2019
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COIN said
I can also remember when GIC rates were in the teens and I think inflation was also in the teens. (Some people were calling Canada Brazil North.) I think one year Canada Savings Bonds actually hit 20%.
I remember that in the early 80's? Maybe 1982? I think I was getting around 19 % on treasury bills.
And something like 17% CSB's. But as I recall the government of Canada put a limit on the amount you could purchase. I had the limit.
11:21 am
November 7, 2014
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If you are willing to invest for 5 years, First Ontario CU (and its subsidiary, Creative Arts Financial) are offering 4% for 5 years. I believe one may join virtually. Check out their fees and accounts for full details. https://www.firstontario.com/rates
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