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Email this9:15 am
April 15, 2023
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GIC rates from TD group on TDDI site are lower today
1 yr - 3.10%
However 1 yr - 3.51% available from a few other FIs
10:41 am
January 12, 2019
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hwyc said
Found rates delightfully competitive
1Y 3.29%
2Y 3.65%
3Y 3.83%
Today's TDDI Top Rates . . .
- 1Y 3.35%
2Y 3.62%
3Y 3.74%
I've been watching them recently. They change slightly, almost daily.
- Dean
" Live Long, Healthy ... And Prosper ! "
11:57 am
August 4, 2010
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I came across this RBC DI page for GIC rates, it is one of the few places brokerages show GIC rates of any sort without being logged in, I think. This one shows the highest rates in each duration, although it doesn't say which FI provides any particular rate.
[Later] - page isn't being updated, I'll delete this post after I check with naughty RBC DI.
12:25 pm
April 6, 2013
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I don't think that has current RBC DI rates. The page says it was last updated April 24, almost two months ago.
The best one-year and five-year GIC rates at BMO InvestorLine are 3.33% and 3.95%. In contrast, that page says RBC DI's best for one-year and five-year are 3.25% and 3.76%.
RBC Dominion Securities cash and margin rates has a link to a June 19 GIC rates PDF that seems more current.
12:56 pm
August 4, 2010
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They must have stopped updating it after I found it, the bounders...
9:48 am
April 6, 2013
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Last update was morning of Friday, April 24. The updating of that page could have broke after a weekend system update.
I don't see any reason why RBC Direct Investing would not like prospective clients to see a sample of the GIC's and bonds they offer.
1:04 pm
January 12, 2019
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Dean said
Today's TDDI Top Rates . . .
1Y 3.35%
2Y 3.62%
3Y 3.74%I've been watching them recently. They change slightly, almost daily.
Dean
.
TDDI's GIC rates continue to slowly deteriorate.
Today's TDDI top GIC rates . . .
- 1Y 3.26%
2Y 3.53%
3Y 3.63%
4Y 3.69%
5y 3.79%
.
They were lookin' Really Good there, for a while ... but no more.
- Dean
" Live Long, Healthy ... And Prosper ! "
4:47 am
January 1, 2018
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Just wondering if anyone here has a CIBC brokerage account, and could share a bit of what they see as available FIs, including AA graded, and how rates compare ?
I need to find a home in the next few days for a mid 6 figures amount, and am Equity shy at the moment. Looking a laddering some GICs, within TDDI, while trying to respect the CDIC limits, and avoiding "iffy" FIs. Not an easy exercise it seems.
And yes, I did sign up for their spring promo. 1% cash on new money that stays for 1 year, but that's a 'nice to get' only if it happens.
7:52 am
October 27, 2013
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Not with Investor's Edge but I looked at the credit rating list of GIC issuers at Scotia iTrade and it is only the big 6 banks (and its subsidiaries) which are AAL rated or better, the AAL one being National Bank. Everything else is AH or lower: Manulife AH, SunLife A, Concentra and B2B being AL. EQ being BBB and Home Trust BBBL. I would have thought Home Trust would be BBB now given it is part of the Smith Financial empire including Fairstone Bank.
I assume Scotia would be posting the most current credit ratings.
8:44 am
August 4, 2010
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I no longer have access to a CIBC Investor's Edge account, but when I did, I made a little list of what GICs they and other brokerages I temporarily had a source for carried. They are going to have a couple of issuers that TDDI does not, and vice versa, but likely will have issuers with similar top-end rates.
I don't know how you define "iffy" in relation to CDIC-insured deposits. No-one wants to be the first to try out CDIC's untested modern resolution processes, but especially for non-liquid GICs, unless something happened near maturity, in theory even a resolution event would have had little day-to-day impact on the GIC (within CDIC limits, of course).
TDDI offers GICs from all the Big 6 banks except CIBC. That's at least a dozen separate CDIC issuers, so it is no problem to arrange over $1M of CDIC-covered AA-bank GICs. Each listing on the TDDI GIC rate chart is a separate CDIC issuer, even things like "TD MTG" and "TD PAC MTG" that are part of the same corporate empire.
If you want both your AA criteria and top of the charts rates, aside from special cases like TDDI boosting their own GIC rates for certain maturities, you aren't going to have much luck. One reason they are AA rated is that they have lower-cost funding and can make their big profits without needing to pay higher rates for deposits.
I had some GIC money with Home Capital subsidiaries (Home Bank/Home Trust, via Oaken) when they went through their liquidity crunch a few years back. I was within CDIC limits, nothing was about to mature, and I merely monitored the situation - Oaken is still my primary source for GICs. My sense is that things went further than they should have because the Home folks were overly reluctant to pay the heavy interest rates that groups like HOOPP or Buffet were demanding for the required liquidity.
9:29 am
January 1, 2018
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Thanks for the prompt responses, AltaRed and NR ... very helpful. Lots to digest and think about. regards my use of "iffy" ... really just meant to differentiate between a Big5 and the Home Capital situation, for example. Things worked out in the end, but if one had a lot of $$$ there, it would have been somewhat unsettling, I imagine.
and that Chart is Awesome, NR ... even though the choices change, it gives a nice snapshot look at what the various players offer on a regular basis. Thanks for sharing.
10:43 am
October 27, 2013
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A word of caution. NR's list of GIC issuers for each discount brokerage will vary a tiny bit from time to time.
I agree with NR that if you go with a big bank, each of their listed subsidiaries is a separate CDIC entity. One could put $300-500k in one big bank with their 3-5 subsidiaries.
1:12 pm
September 30, 2017
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TDDI USD Short-Term rates is now also getting my attention.
3.15% ISA-US$
3.25% 30-59 days
3.30% 60-89 days
3.30% 90-119 days
3.35% 120-179 days
3.30% 180-269 days
3.35% 270-364 days
The lowest tier is $5,000 USD minimum, meaning the rates will be higher for a large enough principal.
@AltaRed Many before you already noted the Scotia F-series rate. Hopefully your post help others. I am confined within TDDI selections. In that regard, a 120D commitment allow me to get closer to 3.40%
2:04 pm
October 27, 2013
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About average I think. Take a look at the TD ISAs for comparison.
ISA DYN6005 at Scotia iTRade is 3.4% (any amount for any period) but that is F series.
5:21 pm
January 12, 2019
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Dean said
.
TDDI's GIC rates continue to slowly deteriorate.Today's TDDI top GIC rates . . .
1Y 3.26%
2Y 3.53%
3Y 3.63%
4Y 3.69%
5y 3.79%.
They were lookin' Really Good there, for a while ... but no more.
Dean
.
What a Difference a Month makes ... they're back Up again❗
TDDI top GIC rates, as of today . . .
- 1Y 3.33%
2Y 3.70%
3Y 3.90%
4Y 3.93%
5y 4.02%
A good example of the normal Ebb & Flow of GIC rates.
- Dean
" Live Long, Healthy ... And Prosper ! "
4:18 am
January 1, 2018
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and both sets are so much better than that 3yr stretch from early 2019 thru early 2022 !
10:31 am
January 7, 2023
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TDDI top GIC rates from TD Bank Group today:
1Y 3.33%
2Y 3.72%
5y 4.07%
Those are very competitive rates. The catch is if I deposit a cheque today at TD the fund is on hold for a week. If I make a ETF transfer the fund will only be available after market closed tomorrow so I won't be able to buy a GIC until two days later, and their rates may no longer be at or near the top.
10:44 am
October 27, 2013
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Warwick111 said
....and their rates may no longer be at or near the top.
No longer at or near the top, relative to whom in comparison? Other DIY discount brokerages? GIC issuers from other digital banks/CUs?
Rates are what they are at any point in time. No one knows if tomorrow or next week is higher or lower.
Those TDDI rates for TD are about the same as what BMO Investorline is offering from the likes of BMO itself, Concentra Bank, Equitable Bank. Each major DIY discount brokerage will offer very similar rates.
11:13 am
January 7, 2023
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AltaRed said
No longer at or near the top, relative to whom in comparison? Other DIY discount brokerages? GIC issuers from other digital banks/CUs?
Relative to all the GIC offerings from TDDI, which is what this thread is about.
Rates are what they are at any point in time. No one knows if tomorrow or next week is higher or lower.
Agreed. However, the rate is locked in if I buy GIC from Oaken or Hubert while the fund is still on hold.Those TDDI rates for TD are about the same as what BMO Investorline is offering from the likes of BMO itself, Concentra Bank, Equitable Bank. Each major DIY discount brokerage will offer very similar rates.
I don't have BMO account so I can't tell. I do have RBCDI and RBC group's 5 year GIC is at 3.05% which is near the bottom of the list.
11:34 am
October 27, 2013
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There is no need to buy an in-house RBC GIC at RBC DI. I suspect the highest yield GIC at RBC DI will be something like Home Trust or Equitable Bank or Home Equity Bank. They often are the highest, or almost the highest yields at BMO Investorline and Scotia iTrade where I have my accounts. There should be no reason for RBC DI or TDDI for that matter to be any different.
P.S. Is the ability to lock in not as simple as about a 50-50 proposition of win or lose?
