GIC 2-5 yr rate changes | Motive Financial | Discussion forum

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GIC 2-5 yr rate changes
January 6, 2023
2:16 pm
frugal lady
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Term Annual interest rate
1-year 5.050%
2-year 4.900%
3-year 4.750%
4-year 4.550%
5-year 4.500%

January 9, 2023
8:13 am
MattS
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Down again this AM
1-5.05
2-4.80
3-4.55
4-4.45
5-4.40
6-4.80
7-5.00
8-5.05
9-10-5.10

January 9, 2023
9:11 am
canadian.100
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MattS said
Down again this AM
1-5.05
2-4.80
3-4.55
4-4.45
5-4.40
6-4.80
7-5.00
8-5.05
9-10-5.10  

Likely anticipating /planning for recession - will be less need for funds from depositors for loans, mortgages etc. during next perhaps 2 -5 years.

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