Ideal Savings withdraws their 150-day 3.25% GIC from the market | Ideal Savings | Discussion forum

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Ideal Savings withdraws their 150-day 3.25% GIC from the market
January 30, 2019
4:39 pm
Top It Up
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Appears from Ideal Saving's website that they have withdrawn the 150-day 3.25% GIC from their offerings.

https://idealsavings.ca/rates/

January 31, 2019
7:07 am
Londonguy
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Top It Up said
Appears from Ideal Saving's website that they have withdrawn the 150-day 3.25% GIC from their offerings.

https://idealsavings.ca/rates/  

All good things must come to an end, but I kept piling in while it lasted -- my maturity dates all come up in April through June.

Note to the unwary -- unlike the usual GIC routine, this "150-day special" doesn't automatically renew into anything, the proceeds just go back into your registered or non-registered HISA at maturity. So if you aren't going to be happy with whatever the HISA rate is at the time, you'll need to take action

January 31, 2019
7:19 am
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Londonguy said

All good things must come to an end, but I kept piling in while it lasted -- my maturity dates all come up in April through June.

Note to the unwary -- unlike the usual GIC routine, this "150-day special" doesn't automatically renew into anything, the proceeds just go back into your registered or non-registered HISA at maturity. So if you aren't going to be happy with whatever the HISA rate is at the time, you'll need to take action  

Current HISA rate - as at 190131 = 2.76%

https://www.highinterestsavings.ca/chart/

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