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Another Motive GIC Rate Change (Drop)

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Another Motive GIC Rate Change (Drop)

December 3, 2018
6:56 pm

gicjunkie

Ontario

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These guys change their rates way too often. Have no clue what it's based on. Maybe the weather? New rates effective tomorrow, December 4:

12 Month Term 2.80%
24 Month Term 3.15%
36 Month Term 3.25%
48 Month Term 3.30%
60 Month Term 3.37%

December 3, 2018
7:10 pm

Retep

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December 2, 2018

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From

Rates
Motive™ TFSA GICs6 (Rates effective 2018-11-19) Rates
24 Month Term 3.14%
36 Month Term 3.31%
48 Month Term 3.39%
60 Month Term 3.50%

It is a worth while effort to turn on ALERTS on your Credit Cards and Bank/Credit Union Accounts.

December 8, 2018
7:38 am

Rick

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Changing weekly now??
Non-Redeemable Motive™ GICs1 (Rates effective 2018-12-10) Rates
12 Month Term 2.80%
24 Month Term 3.20%
36 Month Term 3.30%
48 Month Term 3.40%
60 Month Term 3.45%

December 8, 2018
12:53 pm

AltaRed

BC Interior

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Nothing says rates can't change daily. I've seen rapid rate changes from time to time in discount brokerage listings. It's all measured on balancing rates with uptake needs.

December 8, 2018
1:01 pm

Loonie

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By the time you'd get the money moved, the rate could be gone. Not very appealing.

Does anyone know their policy on holding rates?

December 8, 2018
1:39 pm

canadian.100

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Loonie said
By the time you'd get the money moved, the rate could be gone. Not very appealing.Does anyone know their policy on holding rates?

I agree with Loonie that by the time one moves the money the rate could be gone.

BOC is now not in a rush to raise rates, the trade wars are having a negative impact, as well as the struggling Oil and Gas industry in western Canada.

I am not positive about the Canadian economy for 2019 in spite of Trudeau and Morneau telling us its the best it has been for decades. We know that both personal and government debt are at record levels.

I think the 2.8% on Motive's new Savvy Savings is now on the high side - good chance it will be lowered - Motive would look bad to some if they dropped it so soon after this new account introduction.

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