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Finding rate schedule on one-year terms
April 1, 2023
8:58 am
Rail Baron
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It looks like I will not be cashing out a 1 year term deposit after 90 days for the first time in my banking with Hubert.

I have one where the first 90 day date was 4.85%, and I'm pretty sure that the next quarter will be higher than what Hubert is currently offering for new 1 year terms.

But I cannot find the full set of quarterly rates for past 1 year terms, only the rate for the current quarter is listed on my account.

Is there any archive of past 1 year term rates, or feature on the Hubert site that can call up the full set of rates for a 1 year term account?

April 1, 2023
9:24 am
BSGJ
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April 1, 2023
9:26 am
JPenterprise
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I have the same one. According to my record: Avg. 5.00% annual rate

The first three months: 4.85%*
Months four to six: 4.95%*
Months seven to nine: 5.05%*
The last three months: 5.15%*

April 1, 2023
9:27 am
Norman1
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That sounds like the previous one-year term with an average rate of 5.00% and these quarterly rates:

The first three months: 4.85%
Months four to six: 4.95%
Months seven to nine: 5.05%
The last three months: 5.15%

Hubert doesn't show a history of the quarterly rates for their one-year term. I have to make a copy of the quarterly rates when I place funds in one.

The second quarter rate of that one is 4.95% and is higher than the 4.60% first quarter rate of a newly issued one:

The first three months: 4.60%
Months four to six: 4.70%
Months seven to nine: 4.80%
The last three months: 4.90%

April 1, 2023
11:01 am
Rail Baron
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Many thanks for the helpful replies. I will now make a note to record the 1 year term quarterly rates at the time of purchase. I was lucky to get in on one of these higher term rates, and will let it ride for the entire year.

At least for now, Hubert doesn't offer rates that would draw in more of my savings, as long as I have some CDIC insurance room left at Oaken.

April 1, 2023
3:04 pm
cgouimet
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Whatever the nominal 1 yr rate is, quarter 1 is that less 0.15%, then add 0.1%/quarter after that. So, 5.0%/Yr ends up being 4.85/4.95/5.05/5.15% ...

CGO
April 1, 2023
5:43 pm
Loonie
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I have been keeping records of these GICs for some time.
This is what i have, in many cases with applicable dates of issue. There may be some errors but I don't think very many.
I hope this is helpful.

FOR ANNUAL RATE OF 1.50%: The first three months: 1.35%. Months four to six: 1.45%. Months seven to nine: 1.55%. The last three months: 1.65%. (effective 04 Sept 2020-March 2021; 18 Nov 2021- 14 Dec 2021)
FOR ANNUAL RATE OF 1.70%: The first three months: 1.55%. Months four to six: 1.65%. Months seven to nine: 1.75%. The last three months: 1.85%. (effective 06 Aug 2020)
FOR ANNUAL RATE OF 1.80%: The first three months: 1.65%. Months four to six: 1.75%. Months seven to nine: 1.85%. The last three months: 1.95%. (effective 08-31 March 2022 )
FOR ANNUAL RATE OF 1.85%: The first three months: 1.70%. Months four to six: 1.80%. Months seven to nine: 1.90%. The last three months: 2.00%. (effective 22 July 2020)
FOR ANNUAL RATE OF 1.95%: The first three months: 1.80%. Months four to six: 1.90%. Months seven to nine: 2.00%. The last three months: 2.10%. (effective 11 June-22 July 2020)
FOR ANNUAL RATE OF 2.00%: “The first three months: 1.85%. Months four to six: 1.95%. Months seven to nine: 2.05%. The last three months: 2.15%. (effectivw 02-10 June 2020; 15 Dec 2021 – 07 March 2022; 01-09 Apr 2022.)
FOR ANNUAL RATE OF 2.05%: “The first three months: 1.90%. Months four to six: 2.00%. Months seven to nine: 2.10%. The last three months: 2.20%. (effective Nov 2016 – sic)
FOR ANNUAL RATE OF 2.25%: The first three months: 2.10%. Months four to six: 2.20%. Months seven to nine: 2.30%. The last three months: 2.40%.(effective Nov 2017; 09 April–12 May 2022)
FOR ANNUAL RATE OF 2.40%: (effective 28 Oct – 31 Dec 2019; 13 Mar 2020-)
FOR ANNUAL RATE OF 2.45%: The first three months: 2.30%. Months four to six: 2.40%. Months seven to nine: 2.50%. The last three months: 2.60% (effective Jan 2018)
FOR ANNUAL RATE OF 2.50%: The first three months: 2.35%. Months four to six: 2.45%. Months seven to nine: 2.55%. The last three months: 2.65%. (effective 31 Aug – 27 Oct 2019; 01 Jan 2020 – 01 March 2020; 13-26 May 2022)
FOR ANNUAL RATE OF 2.55%: The first three months: 2.40. Months four to six: 2.50%. Months seven to nine: 2.60%. The last three months: 2.70%. (effective June 2018)
FOR ANNUAL RATE OF 2.60%: The first three months: 2.45%; Months four to six: 2.55%; Months seven to nine: 2.65%; The last three months: 2.75%. (effective 05 June 2019; 02-12 March 2020)
FOR ANNUAL RAGE OF 2.70%, The first three months: 2.55%. Months four to six: 2.65%. Months seven to nine: 2.75%. The last three months: 2.85%. (effective 09 May 2019)
FOR ANNUAL RATE OF 2.85%, The first three months: 2.70%. Months four to six: 2.80%. Months seven to nine: 2.90%. The last three months: 3.00%. (effective 02 Aug 2018; 18 April 2019)
FOR ANNUAL RATE OF 2.95%, The first three months: 2.80%. Months four to six: 2.90%. Months seven to nine: 3.00%. The last three months: 3.10% (effective 02 Nov 2018).
FOR ANNUAL RATE OF 3.00%, The first three months: 2.85%. Months four to six: 2.95%. Months seven to nine: 3.05%. The last three months: 3.15%. (effective 29 March 2019).
FOR ANNUAL RATE OF 3.10%, The first three months: 2.95%. Months four to six: 3.05%. Months seven to nine: 3.15%. The last three months: 3.25% (effective 22 Dec 2018 – March 2019).
FOR ANNUAL RATE OF 3.20%, The first three months: 3.05%;
Months four to six: 3.15%; Months seven to nine: 3.25%
The last three months: 3.35%. (26 May – 08 June 2022).
FOR ANNUAL RATE OF 3.25%, The first three months: 3.10%
Months four to six: 3.20%; Months seven to nine: 3.30%
The last three months: 3.40%. [09 June – 05 July 2022 ]
FOR ANNUAL RATE OF 3.75%, The first three months: 3.60%
Months four to six: 3.70%; Months seven to nine: 3.80%
The last three months: 3.90%. [06 - 14 July 2022]
FOR ANNUAL RATE OF 4.10%, the first three months: 3.95%
Months four to six: 4.05%; Months seven to nine: 4.15%
The last three months: 4.25%. [15-26 July 2022]
FOR ANNUAL RATE OF 4.25%, the first three months: 4.10%
Months four to six: 4.20%; Months seven to nine: 4.30%
The last three months: 4.40%. [27 July 2022 -18 Sept 2022]
FOR ANNUAL RATE OF 4.40%, the first three months: 4.25%
Months four to six: 4.35%; Months seven to nine: 4.45%
The last three months: 4.55%. [19 Sept - Nov 2022]
FOR ANNUAL RATE OF 4.50%, the first three months: 4.35%
Months four to six: 4.45%; Months seven to nine: 4.55%
FOR ANNUAL RATE OF 4.60%, the first three months: 4.45%
Months four to six: 4.55%; Months seven to nine: 4.65%
The last three months: 4.75%. [19 Dec 2022 – abt 31 Jan 2023]
FOR ANNUAL RATE OF 4.75%, the first three months: 4.60%
Months four to six: 4.70%; Months seven to nine: 4.80%
The last three months: 4.90%. [17 March 2023 – ]
FOR ANNUAL RATE OF 4.85%, the first three months: 4.70%
Months four to six: 4.80%; Months seven to nine: 4.90%
The last three months: 5.00%. [abt 31 Jan – 16 Feb 2023]
FOR ANNUAL RATE OF 5.00%, the first three months: 4.70% The first three months: 4.85%; Months four to six: 4.95%; Months seven to nine: 5.05%; The last three months: 5.15%. [17 Feb – 17 March 2023]

April 2, 2023
6:52 am
KamWest
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Rail Baron said
It looks like I will not be cashing out a 1 year term deposit after 90 days for the first time in my banking with Hubert.

I have one where the first 90 day date was 4.85%, and I'm pretty sure that the next quarter will be higher than what Hubert is currently offering for new 1 year terms.

But I cannot find the full set of quarterly rates for past 1 year terms, only the rate for the current quarter is listed on my account.

Is there any archive of past 1 year term rates, or feature on the Hubert site that can call up the full set of rates for a 1 year term account?  

You took the words right out of my mouth, 5% for a year is a great return with a fully insured deposit.

The only think I did was to break my GIC's in to several ones like this...

1. Largest Amount
2. 50% of largest amount
3. 50% of #2 amount
4. rainy day gic - in case I need to fill up my car after the April tax hikes 🙂

April 2, 2023
11:39 am
Rail Baron
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Now that GIC rates have stopped going up, the Hubert 1 year term is not quite as appealing for new savings as other 1 year GICs that are still at 5%.

I'm going to keep my Hubert 1 year term @5.05%, but if I can find other banks that offer higher rates for a 1 year, GIC, like Oaken currently does, that's where any new deposits will go.

For minor unexpected expenses, I have ISA funds, which are now earning about the same interest as Hubert offers on a 1 year term. And the ISA funds pay their interest monthly, and are about the the same when it comes to liquidity. If ISA rates start dropping, it could be time to redeploy some of those funds.

April 2, 2023
3:34 pm
pooreva
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Rail Baron said
For minor unexpected expenses, I have ISA funds, which are now earning about the same interest as Hubert offers on a 1 year term.  

Say what? What bank pays 4.74% on HISA?
Not one as per chart from this site...

April 2, 2023
7:28 pm
Rail Baron
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pooreva said

Rail Baron said
For minor unexpected expenses, I have ISA funds, which are now earning about the same interest as Hubert offers on a 1 year term.  

Say what? What bank pays 4.74% on HISA?
Not one as per chart from this site...  

Sorry - not HISA, but ISA, which are the savings accounts offered to investors through companies like QTrade. My Scotia and TD ISAs now pay 4.65%.

April 3, 2023
10:42 am
davidgeorge
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I purchased a 1 year quarterly GIC on Jan. 2, 2023 and received the 1st quarter interest payment yesterday. Now, my GIC shows the rate 4.55%. Is 4.55% 2nd quarter rate, or annual rate? It seems if I transfer the fund to my savings account and re-purchase the 1 year quarterly GIC, I will get better rate.

11.JPG

April 3, 2023
10:51 am
cgouimet
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davidgeorge said
I purchased a 1 year quarterly GIC on Jan. 2, 2023 and received the 1st quarter interest payment yesterday. Now, my GIC shows the rate 4.55%. Is 4.55% 2nd quarter rate, or annual rate? It seems if I transfer the fund to my savings account and re-purchase the 1 year quarterly GIC, I will get better rate.

11.JPG  

Must have been a 4.60% GIC. The Rate showing is the one currently earning; if it's their 1Yr Quarterly GIC, then it's the current quarter's rate.

The 4.6% GIC earns 4.45, 4.55, 4.65 and 4.75% in each of the 4 quarters.

Perhaps note what you buy next time ... 🙂

CGO
April 3, 2023
11:00 am
davidgeorge
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cgouimet said

Must have been a 4.60% GIC. The Rate showing is the one currently earning; if it's their 1Yr Quarterly GIC, then it's the current quarter's rate.

The 4.% GIC earns 4.45, 4.55, 4.65 and 4.75% in each of the 4 quarters.

Perhaps note what you buy next time ... 🙂  

Thanks. Yes, I should have written down what I bought. The rate on Jan 2 is so low.

April 3, 2023
11:11 am
cgouimet
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davidgeorge said

Thanks. Yes, I should have written down what I bought. The rate on Jan 2 is so low.  

$4.60% (for the year) was good at that time and I suppose you liked it.

Scroll to Loonie's post in this thread for documentation of many previous Hubert's 1Yr GIC's ...

CGO
April 3, 2023
11:15 am
davidgeorge
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cgouimet said

$4.60% (for the year) was good at that time and I suppose you liked it.

Scroll to Loonie's post in this thread for documentation of many previous Hubert's 1Yr GIC's ...  

must be this one:

FOR ANNUAL RATE OF 4.60%, the first three months: 4.45%
Months four to six: 4.55%; Months seven to nine: 4.65%
The last three months: 4.75%. [19 Dec 2022 – abt 31 Jan 2023]

April 3, 2023
1:02 pm
Loonie
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Yes, must be that one.
You could increase your profit a bit if you cashed it and reinvested. The second quarter rate on your existing one is 4.55, but the first quarter rate on a new one would be 4.60%.
If you decide to cash in, be quick about it as you would get no interest after first quarterly payout if you don't complete the next quarter..

April 3, 2023
10:07 pm
davidgeorge
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Loonie said
Yes, must be that one.
You could increase your profit a bit if you cashed it and reinvested. The second quarter rate on your existing one is 4.55, but the first quarter rate on a new one would be 4.60%.
If you decide to cash in, be quick about it as you would get no interest after first quarterly payout if you don't complete the next quarter..  

Thanks. I cashed it and reinvested today.

April 4, 2023
12:38 am
cgouimet
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davidgeorge said

Thanks. I cashed it and reinvested today.  

I reinvested a 2023/01-2024/01 4.60% yesterday also. The rate increase of 4.60% to 4.75% may not be much justification but I suspect rates may have peaked or almost peaked and this extends my "higher" rate by 3 months ...

CGO

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