2023 04 14 GIC Rates Decrease | Meridian Credit Union | Discussion forum

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2023 04 14 GIC Rates Decrease
April 12, 2023
3:23 pm
Nehpets
Ontario
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Forum Posts: 975
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December 20, 2016
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The following rates are changing as of Friday, April 14:

Source
1 Year Cashable GIC
Current Rate: 4.00%
New Rate: 3.75%

1 Year Non-Redeemable GIC
Current Rate: 4.75%
New Rate: 4.65%

18 Month Non-Redeemable
Current Rate: 4.75%
New Rate: 4.65%

2 Year Non-Redeemable GIC
Current Rate: 4.70%
New Rate: 4.60%

Stephen

April 12, 2023
4:21 pm
Dean
Valhalla Mountains, British Columbia
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January 12, 2019
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.
Seems the rates at most FI's are slowly heading ... it's 'The Trend' now.

The only exceptions appear to the GIC Brokers.

Guess we gotta get used to it ... Meh sf-confused

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

April 12, 2023
5:17 pm
HermanH
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April 14, 2021
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Don't know about a downward trend. Rotenberg told me that Haventree rates are 1-yr 5.43%
5.47
5.37
5.30
5.30 5-yr

Those are pretty darn good. 95K min

May 9, 2023
1:09 pm
Nehpets
Ontario
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December 20, 2016
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Meridian posts yet another round of rate decreases on their website:

The following rates are changing as of Thursday, May 11:

1 Year Cashable GIC(1)
Current Rate: 3.75%
New Rate: 3.50%

1 Year Non-Redeemable GIC
Current Rate: 4.65%
New Rate: 4.45%

18 Month Non-Redeemable GIC
Current Rate: 4.60%
New Rate: 4.40%

2 Year Non-Redeemable GIC
Current Rate: 4.60%
New Rate: 4.40%

3 Year Non-Redeemable GIC
Current Rate: 4.50%
New Rate: 4.30%

4 Year Non-Redeemable GIC
Current Rate: 4.50%
New Rate: 4.30%

5 Year Non-Redeemable GIC
Current Rate: 4.50%
New Rate: 4.30%

3 Year Escalator GIC(2)
Current Average Yield: 4.50%
New Average Yield: 4.30%

5 Year Escalator GIC(2)
Current Average Yield: 4.50%
New Average Yield: 4.30%

3 Year Raise the Rate GIC(3)
Current Rate: 4.25%
New Rate: 4.05%

5 Year Raise the Rate GIC(3)
Current Rate: 4.25%
New Rate: 4.05%

60-Day Non-Redeemable GIC
Current Rate: 2.75%
New Rate: 2.50%

90-Day Non-Redeemable GIC
Current Rate: 3.00%
New Rate: 2.75%

180-Day Non-Redeemable GIC
Current Rate: 3.75%
New Rate: 3.50%

270-Day Non-Redeemable GIC
Current Rate: 4.25%
New Rate: 3.75%

RESP Savings Account
Current Rate: 4.25%
New Rate: 4.05%

Stephen

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