Canadian High Interest Savings Bank Accounts - Forum: MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/ Simple:Press Version 6.11.10 NorthernRaven on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p113086 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p113086 They won't accept direct customers from Quebec. It would be interesting to know if brokers are "supposed" to be selling to a Quebec resident.
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]]> Mon, 27 Apr 2026 18:34:59 -0700 bigzim on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p113085 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p113085 Peter,

Just for the record MCAN GICS CAN BE PURCHASED in Quebec from established brokers. Rothenberg in pointe Claire as well as scrivens in Ottawa have accommodated and purchased on my behalf. I am a Quebec resident

]]> Mon, 27 Apr 2026 13:10:56 -0700 Peter on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p113053 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p113053 Thanks for pointing out that the rate updating on our site was broken. We're pulling the rates from https://mcanfinancial.com/our-...../gicrates/

I've fixed the issue now!

]]> Fri, 24 Apr 2026 04:03:53 -0700 NorthernRaven on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p113051 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p113051 FWIW, Cannex shows lower MCAN rates, 3.65% for the 5-year, and that rate is also showing on a brokerage GIC sheet. However Peter is obtaining those rates, it may not be reflecting the MCAN-direct rate quotes.

]]> Fri, 24 Apr 2026 00:21:44 -0700 hwyc on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p113050 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p113050 Peter, how come the comparison chart does not show these rates for 2 to 5 yrs yet?

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]]> Thu, 23 Apr 2026 23:29:32 -0700 GR on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110348 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110348 MCAN's GIC rates with brokers/agents went back up today to between 3.44% and 3.65%. MCAN's direct business GIC rates are a little higher.

]]> Thu, 27 Nov 2025 23:06:04 -0800 everhopeful on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110239 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110239 Late last month and early this month I got those rates on a few GIC's with them while emptying Motive account. I just logged in and they are showing those rates when I went to first step of opening a new GIC (though I didn't follow through and purchase).

]]> Tue, 25 Nov 2025 03:41:51 -0800 gicjunkie on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110236 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110236 I get what you're saying but, again I ask, has anyone actually gotten the higher rates advertised on the website or, at least, called to verify the rates? Or, is it the case that the site hasn't been updated? We all know that there are a lot of older websites out there with old, expired info. A good site will have the current date on it, not just a date showing the last change.

]]> Tue, 25 Nov 2025 01:59:23 -0800 Dean on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110149 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110149 .
Gicjunkie ⬆️ ... That's because MCAN's Rates (Direct to their Clients/Customers) haven't changed since June 3rd, '25.

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It looks like those other sources you linked are only showing MCAN's 'Broker' rates ... which are Much Lower than their Client rates, right now.

    Dean
]]> Sun, 23 Nov 2025 04:59:00 -0800 gicjunkie on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110147 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110147

Dean said
.
Interesting ⬆️, and most likely.

Also Interesting ... in spite of their recent Much Lower rates to to their Brokers, their rates to their Direct customers Have Not Changed❗

    Dean

  

Sorry Dean, but you are referencing a web page that has not been updated since October 29! FSG (https://www.financialservicesg.....rate-sheet) and Cannex ( https://www.cannex.com/public/.....rm02e.html) are showing much lower current rates. The MCAN website seems to be a bit problematic. Has anyone actually gotten these higher rates or is someone at MCAN asleep at the switch?

]]> Sun, 23 Nov 2025 04:31:49 -0800 Norman1 on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110076 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110076 MCAN Wealth's direct-to-client channel likely is not attracting a lot of extra deposits. That inflow would drop to zero should they lower the rates there to their current client-name deposit broker rates.

5 year MCAN GIC at 1.95% with $5,000 minimum isn't going to work right now in an online channel. Won't even work right now in a branch channel. RBC Royal Bank is offering 5-year GIC's at 3% right now! They're 3.1% through RBC online banking, if one is targeted.

]]> Thu, 20 Nov 2025 02:39:19 -0800 Dean on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110074 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110074 .
Interesting ⬆️, and most likely.

Also Interesting ... in spite of their recent Much Lower rates to to their Brokers, their rates to their Direct customers Have Not Changed❗

    Dean
]]> Thu, 20 Nov 2025 02:12:01 -0800 Norman1 on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110043 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110043

Dean said

According to MCAN's website, those ⬆️ are their 'Broker' Rates, as of today.

But why would they be ... So Low ⁉️sf-surprised

That's likely because MCAN is in a lull in business and doesn't have many loans at the moment to finance with any money from those GIC's.

GiC issuers never say no to funds. They will lower their rates until the inflow of deposits drops to match the outflow from loans.

]]> Wed, 19 Nov 2025 06:40:50 -0800 Dean on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110040 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110040

canadian.100 said

https://mcanfinancial.com/wp-c.....192025.pdf

MCAN-Nov-19-rates.jpeg

.
According to MCAN's website, those ⬆️ are their 'Broker' Rates, as of today.

But why would they be ... So Low ⁉️sf-surprised

    Dean
]]> Wed, 19 Nov 2025 05:35:57 -0800 Rail Baron on MCAN GIC Rates https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110037 MCAN Financial https://www.highinterestsavings.ca/forum/mcan-financial/mcan-gic-rates/page-3/#p110037 Now that we have the "what" in focus for MCAN's rollback of GIC rates, the question that I put to sages on this site is "Why"?

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