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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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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.
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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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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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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