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Hubert rate decrease - June 11, 2020
June 10, 2020
6:18 pm
Yatti420
Canada
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Rate Update

We're sorry to share that our rates are decreasing on Thursday, June 11.

Our new rates will be:

High-interest savings - 1.80%

1-year term - 1.95% average

2-year term - 2.05%

3-year term - 2.10%

4-year term - 2.20%

5-year term - 2.30%

VIEW RATES

QUESTIONS?

If you have any questions, give us a shout. We're here Monday - Friday, 8am - 8pm CST, and Saturday, 8am - 4pm CST.

Phone: 1-855-448-2378

Chat: http://www.happysavings.ca

Email: hubert@happysavings.ca

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Rates subject to change.

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June 10, 2020
7:13 pm
cruzinalong
Ontario
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They adjust rates to be competitive. I am sure Hubert is a good place to buy GICS. There are 6 big banks. There are dozens of CU to choose from. I am happy to live in Ontario. I purchase GICS at a Manitoba CU. At end of June my semi-annual statement at CU will be corrected. Enjoy the summer.

June 11, 2020
3:20 am
Rick
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Kind of decides for me whether or not to open another 1 yr GIC @ Hubert or let it sit in Motive @ 2.05.

June 11, 2020
4:24 am
cruzinalong
Ontario
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Not worth switching from your current FI.

June 11, 2020
7:16 am
christinad
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October 15, 2015
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I'm glad i locked in. Thanks to i believe gic investor's suggestion to take it from my savings account. My gic matures june 16 and i would have had this rate decrease at renewal.

June 11, 2020
8:48 am
cruzinalong
Ontario
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christinad said
I'm glad i locked in. Thanks to i believe gic investor's suggestion to take it from my savings account. My gic matures june 16 and i would have had this rate decrease at renewal.  

Nothing wrong with that. I do the same.

June 11, 2020
11:23 am
Rick
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Nice thing about Hubert...you can open a GIC online with no money and they will hold the rate. The maturity/interest date is when it was opened, not when you contribute. Did that with my last RSP. Opened it after a rate cut announcement, and funded it nine days later. Lost nine days interest on the term, but kept the rate and my ladder in order ( I hate ladders that mature at different dates...too hard to keep track of).

June 11, 2020
1:59 pm
cruzinalong
Ontario
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Rick said
Nice thing about Hubert...you can open a GIC online with no money and they will hold the rate. The maturity/interest date is when it was opened, not when you contribute. Did that with my last RSP. Opened it after a rate cut announcement, and funded it nine days later. Lost nine days interest on the term, but kept the rate and my ladder in order ( I hate ladders that mature at different dates...too hard to keep track of).  

The FI holds the rate up to a fixed length of time. The first term deposit I tried assembling as much as possible. They gave me 30 days to find the money. After 15 days I purchased a large 120 day deposit. I like my GICS maturing around the same date annually. I took a few months for the correct plan. Easier to keep track.

June 11, 2020
10:24 pm
Loonie
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October 21, 2013
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I didn't know they would give you 30 days to fund your GIC. That is really excellent.sf-smile
It's the equivalent of holding a rate, but most FIs won't hold more than a couple of weeks.

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