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Tandia Credit Union Long Term Rates
June 19, 2021
10:07 am
gicjunkie
Ontario
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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.

June 19, 2021
10:50 am
COIN
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gicjunkie said
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.  

I'm locked into their 90 day GIC for now but I think time is on my side.

June 19, 2021
11:07 am
Dean
Valhalla Mountains, British Columbia
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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

sf-cool " Live Long And Prosper " sf-cool

June 19, 2021
1:10 pm
COIN
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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".

June 19, 2021
2:38 pm
gicjunkie
Ontario
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Higher rates are inevitable, but how soon is anyone's guess.

June 25, 2021
8:21 am
hwyc
GTA
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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.

July 8, 2021
8:26 am
gicjunkie
Ontario
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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

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