GIC rate leader increasing its 2-5 year and dropping its 1 year GIC rate, both slightly, effective tomorrow | Hubert Financial | Discussion forum

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GIC rate leader increasing its 2-5 year and dropping its 1 year GIC rate, both slightly, effective tomorrow
April 29, 2020
2:53 pm
Doug
British Columbia, Canada
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Per Rate Update e-mail:

"Effective April 30, our 1-year term rate is decreasing, but our 2-year to 5-year term rates are increasing. Our high-interest savings rate is staying at 2.00%.

Our new term rates are as follows:

1-year term - 2.30% average [down 10 bps]

2-year term - 2.20% [up 10 bps]

3-year term - 2.25% [up 10 bps]

4-year term - 2.30% [up 10 bps]

5-year term - 2.40% [up 10 bps]"

Cheers,
Doug

April 29, 2020
4:50 pm
Rick
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Got the email an hour ago. Nice they give you advance notice at least. Locked in a 1 year term at today's rate with funds going in Friday. Didn't know you could do that....lose 2 days interest in the first quarter, but still come out ahead over the term.
At least the long term rates went up...RSP GIC maturing in June.

April 30, 2020
1:47 am
Save2Retire@55
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Always more beneficial to give details and links 🙂 It saves many of us Googling.

April 30, 2020
8:19 am
Dean
Slocan Valley, West Kootenays, British Columbia
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Save2Retire@55 said

Always more beneficial to give details and links 🙂 It saves many of us Googling.  

'Googling' Not necessary ➡ https://www.highinterestsavings.ca/profile/hubert-financial/

You've been a member here, for how long ❓❗

Thanks for the chuckle. sf-laugh

sf-cool " Live Long And Prosper " sf-cool

April 30, 2020
9:58 am
Doug
British Columbia, Canada
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Dean said

'Googling' Not necessary ➡ https://www.highinterestsavings.ca/profile/hubert-financial/

You've been a member here, for how long ❓❗

Thanks for the chuckle. sf-laugh  

Thanks, Dean. That was my thinking as well. Most of the regulars are Hubert members, with varying degrees of their deposit balances. Thus, as you say, people can easily just navigate to their bookmarked Hubert website (perhaps even their "rates" page) and verify. Profile page link you provided is also useful. sf-cool

Cheers,
Doug

April 30, 2020
11:35 am
Rick
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Save2Retire@55 said
Always more beneficial to give details and links 🙂 It saves many of us Googling.  

I trust Doug's Cut n Paste skills.

April 30, 2020
4:12 pm
Save2Retire@55
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Oh wait. I know what happened. I don't see the first post. I only see the title and just noticed that I replied to the 2nd post.
Now imagine you see the 2nd post and think umm nice where are the details.

Please write your comments in the forum.