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Email this9:12 am
January 12, 2019
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Today's email from Hubert . . .
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- Rate updates, effective: August 30, 2024
High-interest Savings: 3.10%
Variable Rate (TFSAs, RRSPs, FHSAs, and RRIFs): 3.15%
Registered and Non-Registered Terms (TFSAs, RRSPs, FHSAs, and RRIFs) ⬇
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One-Year Quarterly Term: 4.50%*
One-Year Non-Redeemable: 4.65%*
Two-Year Term: 4.55%*
Three-Year Term: 4.25%*
Four-Year Term: 4.20%*
Five-Year Term: 4.10%*
*Asterisks indicate an updated rate.
All deposits including interest are guaranteed without limit by the Deposit Guarantee Corporation of Manitoba (DGCM).
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It was bound to happen. I'm surprised the old higher rates lasted so long !
- Dean
" Live Long, Healthy ... And Prosper! "
9:32 am
November 18, 2016
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I saw that. They just nuked their one year quarterly term. From 5.25% avg to 4.5% avg in one move. That is colossal. Luckily I just moved out my last few bucks from there. It was enjoyable while it lasted.
9:46 am
November 3, 2022
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The magnitude of Hubert's rate decrease, especially on the flagship 1 year quarterly, suggests that they are trying to get positioned ahead of next week's Bank of Canada (likely) rate cut.
10:43 am
January 25, 2024
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But, but, but... LOOK at the bottom of current (and previous) email from Hubert!
Earn up to 6% with Hubert quarterly, etc. Joke of the year... Nobody pays attention on anything anymore. I wonder how we survive driving on the streets...
1:00 pm
January 12, 2019
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Interesting . . .
Even with those rather Hefty rate cuts, Hubert still manages to stay in the Upper half of The GIC Chart !
- Dean
P.S.
CAD ⬆ ... The term "Up To" is a time honored, well used marketing tool, that I don't think anyone is fooled by anymore. 
" Live Long, Healthy ... And Prosper! "
1:27 pm
March 30, 2017
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Vow called them at 5:20pm yesterday to initiate a transfer in and for the 1y quarterly. Just in time.
It’s annoying that have to call in when used to be fully self serve. But then I know this 5.25 won’t last. A complete market outlier.
4:17 pm
January 25, 2024
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Dean said
CAD ⬆ ... The term "Up To" is a time honored, well used marketing tool, that I don't think anyone is fooled by anymore.
No. It is obvious they have used the same template for this announcement.
How about 'Interest rates up to 99%!!!!'. I am sure you would like that and stop bashing Hubert 🙂
11:11 pm
October 21, 2013
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If you substitute "less than" for "up to" in your mind when reading this, you will retain a level headed perspective. Even if it turns out to be 5.99999, which it won't, you'll be less vulnerable to the come-on if you think of it differently.
There was one of these posted at one of the big banks a while ago. People wore out their calculators trying to figure out how to reach the magic number but eventually concluded it was essentially impossible.
Personally, I don't have the patience to parse such shenanigans. They either tell me what the deal is straight up or I move on. Others may feel differently.
7:26 am
January 4, 2015
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Hmm, I didn't even get the email, it says I'm still subscribed to rate updates.
10:11 am
January 12, 2019
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Hmmm ... you ⬆ haven't paid your monthly dues again, eh ! 
- Dean
" Live Long, Healthy ... And Prosper! "
1:45 pm
March 20, 2013
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Interesting to straddle a rate change ...
I requested a 18 mo 5.05% GIC on Thursday Aug 29.
It was fulfilled on Friday Aug 30
- at Friday's new lower rate,
- but the account opening date was backdated to Thursday,
- with an 18mo term that is no longer listed under "Rates".
Seems rather arbitrary to me.
8:21 am
May 28, 2013
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rates down again today:
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Rate updates effective:
September 5, 2024
High-interest Savings
2.85%*
Variable Rate Deposits
(TFSAs, RRSPs, FHSAs, and RRIFs)
2.90%*
Registered and Non-Registered Terms
(TFSAs, RRSPs, FHSAs, and RRIFs)
One-Year Quarterly Term Average
Not currently available for FHSAs
4.50%
One-Year Non-Redeemable
4.65%
Two-Year Term:
4.55%
Three-Year Term:
4.25%
Four-Year Term:
4.20%
Five-Year Term:
4.10%
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9:14 am
January 12, 2019
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Oops ⬆ ❗
You forgot to include this ➡ " * Asterisks indicate an updated rate."
Fortunately ... The GIC Rates did Not go down again.
- Dean
" Live Long, Healthy ... And Prosper! "
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