NCC1701Z said

All the rates here look about the same as before  

It depends . . .

Some GIC rates changed, and some not so much. Some FIs decided their GIC rates needed to change (due to their own internal circumstances), and some didn't.

Welcome to the normal Ebb & Flow of GIC rates.

Dean

NCC1701Z said
All the rates here look about the same as before  

GIC and mortgage rates often change prior to the actual BoC rate announcements because the FIs anticipate or predict which way the trends are going. If you look back to the summer GIC rates, you will see that they are generally lower than they are now, but have increased gradually without any BoC rate increases, in anticipation of a later increase, which we have now gotten. It kind of follows that old financial adage, "buy the rumour, sell the news." By the time the new rate is announced, the increase has already been priced in. Of course, the BoC could sometimes surprise the market, resulting in a more reactive rate adjustment.

NCC1701Z said
All the rates here look about the same as before  

Did the 1 year Tbill yield change which is what 1 year GICs are loosely based on?
https://www.bankofcanada.ca/ra.....ll-yields/

I don't see much change in the past week

Enjoy a Special 5% Interest Rate!

Installment Savings Promotion

Period : October 19, 2026 – November 30, 2026

Promotional Rate

• Installment Savings
  • 1Y – 5Y : 5.00%

Promotion Eligibility

• New and less active customers
• Monthly contribution limit : up to $300.00
• Limited to one promotional installment per customer (CIF)

*Terms and conditions may apply.

Promotional annual interest rates apply to Installment Savings and e-Installment Savings accounts opened during the promotion period, subject to applicable terms and conditions. Interest is calculated on a simple interest basis at the applicable per annum rate on the daily amount balance and is not compounded. Accrued interest is paid in full at maturity only. Early termination may result in reduced interest.

hwyc said
Installment Savings Promotion 5%

驚人的

For Stocks, Corporate Bonds, ETFs, HISAs, GIC Purchases and GIC redemptions before 11:00 a.m. ET, the settlement guideline is the trade date plus 1 business day (T+1).

So for a GIC purchased today before 11am ET (Sept 30th), it would be paid for and settle Oct 1st and mature Oct 1st 2027 if a business day, or the first business day thereafter. The specific GIC information details would likely be posted in one's BMO IL account on Oct 2nd.

If i would to buy GIC from BMO IL ie one year would the GIC start on the trading day or next day? i am getting conflicting info from BMO-IL (( i know TDDI and RBC DI will start on the trading day)).

Is BMO-IL will register the GIC under the "client name" or "Broker name in trust for client"

Santander is a trade name used by Santander Consumer Bank, a CDIC member. Eligible deposits under Santander are combined with deposits held at Santander Consumer Bank for up to $100,000 of deposit protection, per category.

Currently they are the highest in RBC DI for the 2 yr at 4.16%
I believe SANTANDER BANK and Santander Consumer Bank are the same entity operating in Canada? I guess RBC DI just entered it as SANTANDER BANK in their system.
Just wanted to confirm with you guys.
Thanks

Excellent comparison posts but nobody will find them in a few months because they'll be buried under this thread topic.

Norman1 said
It is likely that Peoples Trust is doing a short-term flash sale to raise a certain amount of two-year deposits. The rate will be yanked once the targeted amount is reached.

Today, Fairstone Bank is stepping up at BMO InvestorLine:

1 year
3.74%
HomeEquity Bank

2 year
4.13%
Fairstone Bank

3 year
4.35%
Fairstone Bank
HomeEquity Bank

4 year
4.36%
Fairstone Bank

5 year
4.45%
Fairstone Bank
HomeEquity Bank

A couple of weeks ago, I did two 2yr GIC's with Peoples Bank. Monarch's rate for them was then 3.77% and Peoples posted was and is at 3.0%. I called Peoples to see if they would match Monarch's rate and they did. Right now, Monarch is offering the 2 yr rate for a People's GIC at 4.1%. (wouldn't you know it). Don't know if People's would go for that much of an increase. Problem is every time you have to call them....so that is a pain.

GIC orders are accepted until 4:00 pm ET on business days. All GIC purchases settle the next business day. The settlement date is also the issue date.

With enough Buying Power in the account, one could buy a GIC to renew a maturing GIC the day before maturity. The settlement date of the new GIC will align with the maturity date of the existing one.