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Email this5:52 am
August 4, 2010
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Hubert today increased GIC rates, the 5, 4, 3 and non-redeemable 1-year went up by 10 basis points. The 1-yr quarterly-term cashable rate did not go up. It looks like they are building up a gap between it and the regular 1-year, as the cost of the quarterly/cashability advantages. If so, it will still be useful as a higher-paying HISA alternative/90-day GIC, but it won't be quite as attractive as before when it was paying out the Manitoba CU 1-year rate.
One-Year Quarterly Term
5.20%
One-Year Non-Redeemable
5.55%*
Two-Year Term:
5.65%
Three-Year Term:
5.25%*
Four-Year Term:
5.05%*
Five-Year Term:
5.05%*
7:57 am
August 29, 2023
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I received same email.
??Sooooooo is this an indication of rates up of down??
Strange behaviour in my opinion. Second change of rates during a myriad farces through a conversion process, only to muddy the water a bit more.
Bottom line I remain on course. Use what they are good for and remove the rest.
10:30 am
September 28, 2023
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The 1,3,4,5 non-redeemable GIC's went up 0.1%. Quarterly and HISA rates are unchanged. The quarterly GIC is the only product I am interested in, to my knowledge nobody else offers anything like it with >5% rate.
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