Hubert 1-year rate increasing to 2.40% average | Hubert Financial | Discussion forum

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Hubert 1-year rate increasing to 2.40% average
March 26, 2020
1:45 pm
Norman1
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Tomorrow (March 27), Hubert is increasing the rate on their one-year term.

Today, the average rate is 2.20%. Tomorrow, the average will be 2.40%.

March 26, 2020
4:23 pm
Dean
Valhalla Mountains, British Columbia
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.
We received that ⬆ email from Hubert earlier today, but I didn't bother to post it.

Needless to say, it will still leave Hubert quite far down the list.

GIC Rates ▶ https://www.highinterestsavings.ca/gic-rates/

I replied to their email, buy sending them that ⬆ link.

I don't expect to hear back from them.

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

March 26, 2020
4:41 pm
Bud
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March 26, 2020
11:01 pm
Loonie
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Hubert still needs to have people able and willing to borrow the money we deposit in order to support higher rate.

However, I keep mostly cash in MB, and very little in GICs.

March 27, 2020
4:47 am
canadian.100
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Loonie said
Hubert still needs to have people able and willing to borrow the money we deposit in order to support higher rate.

However, I keep mostly cash in MB, and very little in GICs.  

Not unlikely that rating of Manitoba will be downgraded by the credit agencies?

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