ISA DYN6005 at Scotia iTRade is 3.4% (any amount for any period) but that is F series.

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%

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.

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.

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.

I assume Scotia would be posting the most current credit ratings.

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.

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

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.

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.

[Later] - page isn't being updated, I'll delete this post after I check with naughty RBC DI.

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

However 1 yr - 3.51% available from a few other FIs