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Email this2:29 pm
December 26, 2018
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I wonder if they will offer above 3.75% in early 2020.
4:08 pm
February 20, 2018
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What makes u think that
4:59 pm
December 26, 2018
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Bud said
What makes u think that
It was done in 2019.
5:01 pm
March 30, 2017
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Canadianbull said
I wonder if they will offer above 3.75% in early 2020.
zero chance
6:24 pm
February 20, 2018
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Interest rates could turn up
10:13 pm
December 26, 2018
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savemoresaveoften said
zero chance
Only time will tell
8:24 am
February 20, 2018
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Remember theres been no rate cut since its all in the yield curve and its been slowly reversing. Im sensing an upside bias
5:30 am
March 30, 2017
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Canadianbull said
Only time will tell
unless u think BoC will raise rate in the next 6 months.
There will always be some kind of RRSP season GIC promotion rate in early 2020, but given where 5y bond yields and where 5y mortgage rates are, dont think anyone will offer 5y GIC at 3.75%. If a FI does offer 3.75%, maybe they need the funding to shore up the capital (like what Home Capital did....)
9:15 am
February 20, 2018
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jawboning
@realDonaldTrump
“Over in Europe and Japan they have NEGATIVE RATES. They get paid to borrow money. Don’t we have to follow our competitors?” Yes we do. The Fed doesn’t have a clue! We have unlimited potential, only held back by the Federal Reserve. But we are winning anyway!"
12:30 pm
March 15, 2019
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Received this in an email today if any one may be interested.
"The following GIC rate will be changing:
18 Month Non-redeemable GIC
CURRENT RATE: 2.40%
NEW RATE: 2.55%
As of Jan 2, 2020"
4:40 pm
April 7, 2016
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Who is this offering from?
Thanks
4:58 pm
December 12, 2009
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3oakwest said
Who is this offering from?
Thanks
Suspect Meridian Credit Union. krwilson is pretty "on the ball" with which thread he posts updates to GIC rates to.
T&C worded exactly like this webpage, which displays the current rate. Existing Meridian members subscribed to Rate Scoop e-mail newsletters get advance notice of rate changes. So, in January 2020, it'll be 2.55% for 18 months.
Cheers,
Doug
7:42 pm
October 21, 2013
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Yes, it's a "Rate Scoop" from Meridian. Not very impressive though.
5:43 am
March 15, 2019
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3oakwest said
Who is this offering from?
Thanks
Yes, it is from Meridian. Thanks for the compliment Doug.
5:51 am
April 7, 2016
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To get this "Rate Scoop" one must be signed up with an email address (not the one in your profile).
I just called Meridian and they set it up for me.
Thanks everyone for the information.
7:04 am
September 7, 2018
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Loonie said
Yes, it's a "Rate Scoop" from Meridian. Not very impressive though.
Agree "not impressive" - but that fits with my image of Meridian.
4:05 pm
April 2, 2018
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Canadianbull said
I wonder if they will offer above 3.75% in early 2020.
Ha, ha, ha...Too much beer or you are high on marijuana since Christmas????
More like 0.75%...
6:34 am
November 19, 2014
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I bought two GICs at Meridian in 2019.
3.45% in March
2.95% in November
For 2019 those are fairly competitive rates and I wouldn't dismiss them as unworthy of consideration.
7:27 am
October 21, 2013
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Agreed, Koogie.
In my opinion, they seem to be carrying too much overhead and that may be limiting their ability to offer better rates right now. Opening up a useless bank must have cost many millions of (our) dollars. And then they spent over 30 million sponsoring a couple of prominent entertainment venues in Toronto recently.
I can't think of any good excuse for a dysfunctional bank. It clearly wasn't ready to launch and its market is ill-defined.
I can see that the entertainment sponsorships have promotional value if growth is your primary goal, which seems to be the case for Meridian. Unfortunately, their growth is not necessarily mine.
However, like all financial institutions, when they need our money badly enough, they will pay more for it. One has to be patient.
Please write your comments in the forum.