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Email this10:07 am
November 7, 2014
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Ontario Only
NON-REDEEMABLE LONG TERM DEPOSITS RATE
1 Year Term Deposit 1.00
18 Month Term Deposit 1.25
2 Year Term Deposit 1.50
3 Year Term Deposit 1.75
4 Year Term Deposit 2.05
5 Year Term Deposit 2.25
Minimum $500, youth/trust $100, non-redeemable. Semi-annual or monthly interest payments (min. $5,000) available at slightly lower rates. Renews for same term at maturity.
https://www.tandia.com/personal/product-services/rates
It appears that more FIs, (credit unions in particular) are moving toward the 2.25% for 5 year rate.
10:50 am
March 15, 2019
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gicjunkie said
Ontario OnlyNON-REDEEMABLE LONG TERM DEPOSITS RATE
1 Year Term Deposit 1.00
18 Month Term Deposit 1.25
2 Year Term Deposit 1.50
3 Year Term Deposit 1.75
4 Year Term Deposit 2.05
5 Year Term Deposit 2.25
Minimum $500, youth/trust $100, non-redeemable. Semi-annual or monthly interest payments (min. $5,000) available at slightly lower rates. Renews for same term at maturity.https://www.tandia.com/personal/product-services/rates
It appears that more FIs, (credit unions in particular) are moving toward the 2.25% for 5 year rate.
I'm locked into their 90 day GIC for now but I think time is on my side.
11:07 am
January 12, 2019
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COIN said
I'm locked into their 90 day GIC for now but I think time is on my side.
I'm staying 'Short' as well (no longer than 18 months), as I'm guessing 2.25% will look like a joke, in a year or two from now.
Time will tell ❗
- Dean
" Live Long, Healthy ... And Prosper! "
1:10 pm
March 15, 2019
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Dean said
I'm staying 'Short' as well (no longer than 18 months), as I'm guessing 2.25% will look like a joke, in a year or two from now.
Time will tell ❗
Dean
I'm old enough to remember the inflation of the early 1980's. Apparently, it was caused by the U.S. financing the Vietnam war by printing money instead of raising taxes.
Now we have the Federal Reserve and Bank of Canada printing money to finance the "COVID war".
2:38 pm
November 7, 2014
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Higher rates are inevitable, but how soon is anyone's guess.
8:21 am
September 30, 2017
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Tandia rates (my) hi-lite as of today -
3 Year Term Deposit 1.85%
4 Year Term Deposit 2.20%
5 Year Term Deposit 2.35%
https://www.tandia.com/personal/product-services/rates
Minimum $500, youth/trust $100, non-redeemable. Semi-annual or monthly interest payments (min. $5,000) available at slightly lower rates. Renews for same term at maturity.
8:26 am
November 7, 2014
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Another rate hike! 5 years at 2.50%.
NON-REDEEMABLE LONG TERM DEPOSITS
RATES
1 Year Term Deposit 1.15
18 Month Term Deposit 1.25
2 Year Term Deposit 1.60
3 Year Term Deposit 1.85
4 Year Term Deposit 2.30
5 Year Term Deposit 2.50
2:17 pm
September 30, 2017
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Trending down slightly
- 1 Year Term Deposit 1.05
- 18 Month Term Deposit 1.25
- 2 Year Term Deposit 1.60
- 3 Year Term Deposit 1.75
- 4 Year Term Deposit 2.20
- 5 Year Term Deposit 2.40
Minimum $500, youth/trust $100, non-redeemable. Semi-annual or monthly interest payments (min. $5,000) available at slightly lower rates. Renews for same term at maturity.
4:36 pm
March 15, 2019
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Does anyone know why Tandia's rates are higher than the "market norm"?
5:57 am
September 30, 2017
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Of interest today >> 3-yr @ 2.10%
https://www.tandia.com/personal/product-services/rates
... rate well above current chart leader
I wish more FI will come to compete on the 3-yr or shorter terms.
BTW Tandia ranked 39th of top 100 (by asset size) by CCUA
10:41 am
September 7, 2018
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COIN said
Does anyone know why Tandia's rates are higher than the "market norm"?
I looked at Tandia's latest financial statements and compared that CU's results to 2 other CUs which I simply picked at random.
Tandia had a fair drop in net income from 2019 to 2020 from $3,761M to $2,539M a significant drop of 32.5% - while DUCA CU had a increase in net income from 2019 to 2020 - from $12,032M to $12,838M and First Ontario CU had a fair increase in net income from $14,144M to $24,763M.
There are regulators, depositors/investors who do look at the financial statements of the FI to see if there is anything which might be of interest in determining whether they would or might not wish to deal with them. I did not do any further analysis to see if there was an explanation for the significant drop in net income in the Notes to the Financial Statements - maybe there was or maybe not - but "the bottom line" is it could be that Tandia simply has to pay more interest over the "market norm" to attract money since regulators, depositors/investors might be concerned with performance and quality of management etc. based on the financial results and other criteria.
1:37 pm
October 21, 2013
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Thanks for the report. Wouldn't these regulators and depositors etc (especially regulators) also be concerned about a CU promising to pay rates that might not be sustained by income? Just wondering.
2:11 pm
September 7, 2018
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Loonie said
Thanks for the report. Wouldn't these regulators and depositors etc (especially regulators) also be concerned about a CU promising to pay rates that might not be sustained by income? Just wondering.
I don't know how much monitoring is done by CU regulators.
It would have been good if the regulators had done more oversight covering all PACE operations - but resources are probably not adequate to do that level of oversight.
11:12 am
November 7, 2014
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Tandia 5 Year rate back up to 2.50%
NON-REDEEMABLE LONG TERM DEPOSITS
1 Year Term Deposit 1.05
18 Month Term Deposit 1.25
2 Year Term Deposit 1.60
3 Year Term Deposit 2.10
4 Year Term Deposit 2.20
5 Year Term Deposit 2.50
Minimum $500, youth/trust $100, non-redeemable. Semi-annual or monthly interest payments (min. $5,000) available at slightly lower rates. Renews for same term at maturity.
6:47 am
November 7, 2014
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Updated Tandia Rates: Good but not great
NON-REDEEMABLE LONG TERM DEPOSITS RATE
1 Year Term Deposit 1.05
18 Month Term Deposit 2.50
2 Year Term Deposit 2.70
3 Year Term Deposit 2.90
4 Year Term Deposit 3.30
5 Year Term Deposit 3.70
1:19 pm
April 30, 2022
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gicjunkie said
Updated Tandia Rates: Good but not greatNON-REDEEMABLE LONG TERM DEPOSITS RATE
1 Year Term Deposit 1.05
18 Month Term Deposit 2.50
2 Year Term Deposit 2.70
3 Year Term Deposit 2.90
4 Year Term Deposit 3.30
5 Year Term Deposit 3.70
Thanks! You're right, not great -- but still waaaaay better than some folks out there who are still partying like it's 2021 (looking at you, Luminus).
Please keep posting rates as you find them!
Please write your comments in the forum.