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Email this6:30 pm
January 12, 2019
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This just in from Hubert . . .
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Rate Update
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Effective Wednesday, July 6, our rates (both registered and non-registered) are changing. In addition, our US savings account rate is also changing.
Our term rates (effective July 6):
1-year term - 3.75% average
2-year term - 4.05%
3-year term - 4.35%
4-year term - 4.50%
5-year term - 4.75%
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Quarterly breakdown of our 1-year term (effective July 6):
The first three months: 3.60%
Months four to six: 3.70%
Months seven to nine: 3.80%
The last three months: 3.90%
US dollar savings rate 0.10 %
Except for the US $ SA Rate (which went backwards), all those other new rates constitute significant increases ... and that 1Yr quarterly-cashable GIC is even sweeter now ❗
- Dean
" Live Long, Healthy ... And Prosper! "
6:35 pm
December 29, 2021
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Did Accelerate do same?
6:39 pm
April 6, 2013
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Looks like US$ savings money is not wanted.
Rate on their American Dreams US$ savings account will be cut from 0.25% to 0.10%.
6:42 pm
September 7, 2018
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Dean said
Effective tomorrowRate Update
Effective Wednesday, July 6, our rates (both registered and non-registered) are changing. In addition, our US savings account rate is also changing.
Our term rates (effective July 6):
1-year term - 3.75% average
2-year term - 4.05%
3-year term - 4.35%
4-year term - 4.50%
5-year term - 4.75%Quarterly breakdown of our 1-year term (effective July 6):
The first three months: 3.60%
Months four to six: 3.70%
Months seven to nine: 3.80%
The last three months: 3.90%US dollar savings rate 0.10 %
Those rate increases are quite significant
Dean
Interested to see if mortgage, loan, credit rates are also going up significantly - wonder if that group (the indebted) will be able to handle the higher costs.
5:55 am
February 7, 2019
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blake said
Did Accelerate do same?
Accelerate ... https://www.acceleratefinancial.ca/rates
Hubert ... https://www.happysavings.ca/rates/
| CGO |
7:46 am
April 2, 2018
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OK folks, power up your crystal ball and provide comment on future Huber interest rates.
Will current 1y GIC rate stay until August 2022? September?
How long will current rate stay?
Do you see rate increase and when?
Do you see rate decrease and when?
8:09 am
December 29, 2021
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Ooooooops
Looks like the merging/meddling is breaking up the efficiencies of Hubert. Here we go!!
8:15 am
February 7, 2019
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pooreva said
OK folks, power up your crystal ball and provide comment on future Huber interest rates.
Will current 1y GIC rate stay until August 2022? September?
How long will current rate stay?
Do you see rate increase and when?
Do you see rate decrease and when?
They will definitely stay the same for at least 7 days ...
LOL ...
| CGO |
8:18 am
February 7, 2019
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blake said
Ooooooops
Looks like the merging/meddling is breaking up the efficiencies of Hubert. Here we go!!
That's a big stretch! It's happened before and there has been no merging of systems yet ...
| CGO |
8:35 am
January 12, 2019
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What Cgouimet said ⬆
- Dean
" Live Long, Healthy ... And Prosper! "
8:54 am
February 7, 2019
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blake said
Read it ...
Like Dean & I said ... At this time merged in name only ...
| CGO |
9:05 am
April 6, 2013
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"We're Merging July 1…" is about the legal corporate changes. Sunova CU and Noventis CU no longer exist separately and are now part of Access CU. Three former credit unions are continuing as a single credit union.
Legally, our Hubert-branded deposits are now Access CU deposits instead of Sunova CU deposits. However, the three banking systems have not merged yet. The Sunova systems won't be merged until next year:
When will the technical integration(s) take place?
Integrating databases into a singular banking platform is a major system change and impacts nearly every aspect of the credit union’s operations. Noventis and Access are on the same banking platform and that database integration is scheduled to take place on November 18, 2022. The Sunova integration is tentatively scheduled for Fall 2023. Until these integrations, it will be business as usual for all members.
9:08 am
December 29, 2021
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Dream on....meddling (control of power of the stronger CU), planned changes and restructure plans would have been happening well before any dates they post.
9:11 am
February 7, 2019
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blake said
Dream on....meddling (control of power of the stronger CU), planned changes and restructure plans would have been happening well before any dates they post.
I take it you have taken your money out of Hubert then. Good for you ...
| CGO |
9:14 am
April 6, 2013
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blake said
Dream on....meddling (control of power of the stronger CU), planned changes and restructure plans would have been happening well before any dates they post.
You obviously don't know competition laws.
There are limits to how much the three competing credit unions can share until their corporate merger July 1.
9:22 am
December 29, 2021
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Keep dreaming.
12:07 am
February 7, 2019
Offline4:47 am
September 7, 2018
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You do take a hit by taking the Hubert 1 year Term @ 3.75% as opposed to buying say a 4.15% Term (GIC) elsewhere. Annual interest $3,750 vs $4,150 on $100K for 1 year. $350 is the "cost" for not locking in for 1 year, but having the "option" to cash in quarterly (Hubert).
5:04 am
February 7, 2019
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canadian.100 said
You do take a hit by taking the Hubert 1 year Term @ 3.75% as opposed to buying say a 4.15% Term (GIC) elsewhere. Annual interest $3,750 vs $4,150 on $100K for 1 year. $350 is the "cost" for not locking in for 1 year, but having the "option" to cash in quarterly (Hubert).
If you take it as 1Yr @ 3.75%. But not so bad if you take it as 3Mo @ 3.6% and capture an even better full 1Yr then ...
| CGO |
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