Luminus Rates Drop | Luminus Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
Luminus Rates Drop
July 23, 2019
7:37 am
GR
Member
Members
Forum Posts: 185
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline

GIC rates are down to 2.30% for 1 yr., ranging to 2.70% for 5 yrs.

Reminder about their high and extensive service fees.

July 24, 2019
3:46 am
JenE
Member
Members
Forum Posts: 230
Member Since:
May 24, 2016
sp_UserOfflineSmall Offline

FYI:
In today’s Toronto Star: (Wednesday July 24)
Luminus Financial
2.85% ISA
2.75% 1 yr GIC
5 yr escalator GIC up to 5.50% (5 yr average of 3.50%)

I can’t find these rates online but if they’re still advertising these rates in a daily paper do they have to honour them?

July 24, 2019
6:17 am
Loonie
Member
Members
Forum Posts: 5317
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

It would seem they ought to honour them if they're advertising them. This week alone, we have seen confusing and/or contradictory messages from Meridian, ManuLife, and now Luminus, so I guess it's anybody's guess.

Luminus did have these rates for a while, so it's likely they just haven't updated their ad. I'd be expecting a "Correction" notice in the paper soon - after they get calls from people like us asking for the rates! They might give them to a few people today, but probably at their discretion.

I just looked at the ad in the paper and it does say "Limited time offer".
- very limited, no doubt!

July 25, 2019
7:32 pm
Loonie
Member
Members
Forum Posts: 5317
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

My spouse phoned them and they refused to honour the rates in the ad.
They claimed it was an error on their part but would not do anything to keep a client happy.
I wonder how much the ad cost them.

Please write your comments in the forum.