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Some GIC Rates Moving Up
May 23, 2025
6:50 am
GR
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Through GIC brokers, 1 year GIC rates today are 4% with IC Savings C.U. and Pathwise C.U.

May 23, 2025
9:11 am
canadian.100
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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.

May 23, 2025
9:31 am
lifeonanisland
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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.

May 23, 2025
11:40 am
usephrase
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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?

May 23, 2025
12:54 pm
AltaRed
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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%.

May 23, 2025
2:23 pm
usephrase
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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.

May 23, 2025
3:29 pm
Dean
Valhalla Mountains, British Columbia
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.

    I do ⬆

.

.

Just ask me ❗

    Dean sf-wink

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

May 28, 2025
12:14 pm
lesley
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E Q Bank now has 3.85% for 5 years.

May 30, 2025
11:31 am
Nehpets
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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

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