8:36 pm
June 15, 2019
9:07 pm
December 26, 2018
10:08 am
April 26, 2019
boatowner2000 said
Just announced march 23, 2020
Thanks I guessed I missed this offer. Was it mixed in one of the covid emails?
They tell why rates, in some cases, are going up.
“Vancity turns your deposits into loans that will directly support people and businesses who are struggling due to the COVID-19 pandemic. You get a competitive return on your investment, and other members get much-needed loans or loan payment relief to sustain themselves and their businesses through these difficult times.”
10:46 am
February 17, 2013
Nice deal for a BC based CU. I happen to have some cash coming in April and also looking to open another TFSA account somewhere by the end of the year to stay under CDIC limits with Motive. But what do I do after 1 year? Looking at their everyday rates, it's not worth opening an account for 1 year, and won't keep anything Van City at these rates:
Plan 24 Savings (Rates effective 2020-03-21) Rates
All Balances 0.05%
Plan 24 Savings Plus (Rates effective 2020-03-21) Rates
All Balances 0.05%
Jumpstart® High Interest Savings (Rates effective 2020-03-21) Rates
All Balances 0.30%
Investment Savings* (Rates effective 2020-03-21) Rates
$0.00 - $9,999.99 0.05%
$10,000.00 - $24,999.99 0.10%
$25,000.00 - $99,999.99 0.20%
$100,000.00 + 0.50%
Too bad. Would really like to add a BC based FI to keep some money close to home, but not going to happen if I need to deposit 100K for their best rate of .5%.
Fail to understand why BC CUs aren't able to offer competitive rates compared to MB, ON or even Alberta.
6:38 pm
April 26, 2019
GR said
Is this only for BC residents or does new membership require in-branch visit?
I am a VanCity member. They are not known for good rates. But are fantastic to deal with for that day to day, face to face banking.
I checked and you have to be online and a member. You submit a request and they will do a follow up call to complete the process. They do not have online GICs. They have dropped e-Transfer fees for the time being a well.
6:55 am
April 15, 2015
7:52 am
April 26, 2019
9:27 am
September 19, 2018
LeBronBMT said
Apparently you can only open an account in branch.
You actually can open an account online, I opened one yesterday. It does the credit check thing automatically. Apparently you download an app to take a photo of a cheque to deposit. I will be trying that today in order to take advantage of the 3% special.
9:36 am
February 20, 2018
the 3yr@3% tangerine is a better deal. either way u'll miss any short term spike if it were to happen
10:16 am
April 18, 2020
3:58 pm
April 15, 2020
GICinvestor said
It is usually .25%. I assume the offer is maybe only direct from Vancity.
ITRADE offers third party 2-5 year GICS with many flexible options. I purchased several GICS at iTRADE for testing purposes. On my annual fee and performance iTRADE report it shows the fee iTRADE charges third parties to sell their GICS. The fee is .9%. Purchase a $1,000 2-5 year GIC third party pays $9.00. This is a ONE time fee paid by issuing institution to iTRADE. Not worth their while paying .9% for less than 2 year term. I checked a FEW of these rates at the third party site. The rates are the same as offered at iTRADE. You can purchase GICS ANYWHERE. Buy where you are comfortable.
4:09 pm
April 15, 2020
5:09 pm
April 26, 2019
cruzinalong said
ITRADE offers third party 2-5 year GICS with many flexible options. I purchased several GICS at iTRADE for testing purposes. On my annual fee and performance iTRADE report it shows the fee iTRADE charges third parties to sell their GICS. The fee is .9%. Purchase a $1,000 2-5 year GIC third party pays $9.00. This is a ONE time fee paid by issuing institution to iTRADE. Not worth their while paying .9% for less than 2 year term. I checked a FEW of these rates at the third party site. The rates are the same as offered at iTRADE. You can purchase GICS ANYWHERE. Buy where you are comfortable.
Thank you. I have iTrade. Their variety is good for sure. Their rates are second class and I can always do better elsewhere. When our TFSA GICs mature, iTrade won’t be part of our investment strategy. When you are retired, every .25% counts.
Please write your comments in the forum.