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More Rate Increases :-)
July 7, 2022
7:41 am
canadian.100
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cgouimet said

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 ...  

IF....if you do that....but I bet many people miss the 3 month period end to redeem and just keep holding. It's like prople who keep delaying to buy a GIC and keep holding their funds in a HISA @ say 1.8% to 3% interest for many months thinking they will capture a better GIC rate eventually - but they could have been earning the higher rate for the year by locking in now rather than postponing and earning the much lower HISA rates - if you understand my point. It is the constant delay in the hope of doing better...........

July 7, 2022
7:57 am
cgouimet
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canadian.100 said

IF....if you do that....but I bet many people miss the 3 month period end to redeem and just keep holding. It's like prople who keep delaying to buy a GIC and keep holding their funds in a HISA @ say 1.8% to 3% interest for many months thinking they will capture a better GIC rate eventually - but they could have been earning the higher rate for the year by locking in now rather than postponing and earning the much lower HISA rates - if you understand my point. It is the constant delay in the hope of doing better...........  

Cool. If you don't put your millions on those 1Yr quarterly GIC's, Hubert may just have to raise the rate even more aggressively. Good for Dean and I ... 🙂

CGO
July 7, 2022
8:03 am
cgouimet
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canadian.100 said

IF....if you do that....but I bet many people miss the 3 month period end to redeem and just keep holding. It's like prople who keep delaying to buy a GIC and keep holding their funds in a HISA @ say 1.8% to 3% interest for many months thinking they will capture a better GIC rate eventually - but they could have been earning the higher rate for the year by locking in now rather than postponing and earning the much lower HISA rates - if you understand my point. It is the constant delay in the hope of doing better...........  

I always get my GIC's on either the 1st or 15th of the month, regardless of the institution. Then, I add the anniversary or cashable dates on my Google calendar with a 7-day reminder ...

CGO
July 7, 2022
8:41 am
Norman1
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The three-month date is also not critical with the Hubert one-year terms as the one-year term deposits are redeemable anytime.

If, for example, one misses the first redemption date by a week, then one will end up with three months at 3.6% and one week at 0%. That averages out to around 3.3% for the total time, still higher than around 2.05% from the Hubert HISA for the same time.

July 7, 2022
8:48 am
cgouimet
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Norman1 said
The three-month date is also not critical with the Hubert one-year terms as the one-year term deposits are redeemable anytime.

If, for example, one misses the first redemption date by a week, then one will end up with three months at 3.6% and one week at 0%. That averages out to around 3.3% for the total time, still higher than around 2.05% from the Hubert HISA for the same time.  

Indeed. But doing something on THE date can maximize returns as in moving the $ into a new higher rate quarterly GIC or other offer elsewhere.

CGO
July 7, 2022
8:55 am
cgouimet
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cgouimet said

Indeed. But doing something on THE date can maximize returns as in moving the $ into a new higher rate quarterly GIC or other offer elsewhere.  

The Chevy Silverado Add says something like "If you're going to work remote, work remote."

If you're gonna play the rate game, play the rate game ...

Or, sit back and wonder what if ...

CGO
July 9, 2022
8:58 am
Dean
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blake said

Did Accelerate do same?  

Yes https://www.highinterestsavings.ca/gic-rates/

    Dean

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

July 14, 2022
8:12 pm
phrank
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New daily savings rate (effective July 15)

2.60%

Our term rates (effective July 15)

1-year term - 4.10% average

2-year term - 4.25%

3-year term - 4.50%

4-year term - 4.75%

5-year term - 5.00%

Quarterly breakdown of our 1-year term (effective July 15)

The first three months: 3.95%

Months four to six: 4.05%

Months seven to nine: 4.15%

The last three months: 4.25%

July 15, 2022
2:53 pm
Dean
Valhalla Mountains, British Columbia
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.
Who'd ever thought we could get a rate of 3.95%/Annum ,
for just 3 months ❗ sf-laugh

    Dean

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

July 15, 2022
3:06 pm
cgouimet
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Dean said
.
Who'd ever thought we could get a rate of 3.95%/Annum ,
for just 3 months ❗ sf-laugh

    Dean

  

And those concerned with "merging/meddling breaking up the efficiencies of Hubert" can be relieved...

CGO
July 15, 2022
4:39 pm
Loonie
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It's business as usual for now, as expected.

July 16, 2022
9:15 am
Dean
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.
And that New 2.60% rate for their 'Happy Savings Account',
makes me Happier than ever. sf-laugh

    Dean

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

September 16, 2022
9:08 am
GR
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I was told that Hubert's GIC rates will be increasing Monday (Sept. 19) for 1, 2 & 3 yrs.
Clients should watch for email today or tomorrow.

September 16, 2022
9:16 am
Loonie
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Thanks, GR. That's timely for me.

September 16, 2022
9:24 am
lifeonanisland
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Loonie said
Thanks, GR. That's timely for me.  

Ditto. Thanks.

September 16, 2022
9:26 am
Dean
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GR said

I was told that Hubert's GIC rates will be increasing Monday (Sept. 19) for 1, 2 & 3 yrs.
Clients should watch for email today or tomorrow.  

Your 'Source' ❓

    Dean

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

September 16, 2022
9:51 am
Winnie
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Yes, I can also confirm, that Hubert's GIC rates will be increasing Monday (Sept. 19) for 1, 2 & 3 yrs.

September 16, 2022
11:10 am
cgouimet
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Nice ...

I just flipped a 3.25% to 4.25% yesterday ...

CGO
September 16, 2022
1:44 pm
savemoresaveoften
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vow I just withdrew some $$ from my savings account there last few days (those were earning 3.05% which I redeemed past couple of weeks) and they already feel the need to bump the rate on the GICs lol.

September 16, 2022
2:55 pm
Dean
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Winnie said

Yes, I can also confirm, that Hubert's GIC rates will be increasing Monday (Sept. 19) for 1, 2 & 3 yrs.  

Yet another statement, with no source indicated ❗

Meh sf-confused

    Dean

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

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