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Email this7:40 am
February 17, 2013
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Pleasantly surprised to see motive raised their GIC rates
9:08 am
January 12, 2019
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That'll move them up the chart ❗
GIC Chart (to be updated) ➡ https://www.highinterestsavings.ca/gic-rates/
- Dean
" Live Long, Healthy ... And Prosper! "
9:27 am
September 15, 2017
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The screenshot in post 1 above shows 2% for 48 months. That rate was shown on Motive's website earlier today, but has apparently been adjusted to 1.90%, as is correctly shown on the GIC Chart on the HIS.ca website. Rates are the same for non-registered and registered GICs.
1:07 pm
March 15, 2019
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Are they the only institution to have a 10 year GIC? That's a long time.
1:19 pm
December 20, 2019
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Hmm
1.55% at Canadian Tire without tying up the funds
Interest rates will hopefully be going up again soon. When the main banks are giving .1 percent and most of the flankers are sitting at 1% there really is not much less that can happen unless rates go up.
With the world real estate on fire it's just a question of time before money will be needed to fund all these crazy mortgage increases.
I still have a bunch of money locked in at Motus for escalator GIC's at the below rates...
At those rates I will lock in again but the Motive ones are pretty pathetic considering the interest they were paying on the savings account a few months ago.
4:21 pm
January 12, 2019
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COIN said
Are they the only institution to have a 10 year GIC? That's a long time.
'No' ... they're not the only ones. And 'Yes' ... that's a long time ❗ 
I have no interest in 10yr GIC's, so I'm not aware of all the FI's that offer them, but I know EQ Bank is one of them :
-
Scroll down ➡ https://www.eqbank.ca/personal-banking/investments
.
- Dean
" Live Long, Healthy ... And Prosper! "
4:34 pm
April 14, 2021
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KamWest said
I still have a bunch of money locked in at Motus for escalator GIC's at the below rates...
Those rates seem very nice. Can you explain how they are calculated or how the 'escalator' function works?
5:33 pm
October 21, 2013
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COIN said
Are they the only institution to have a 10 year GIC? That's a long time.
EQ has been offering ten years for a while now, following CDIC decision to insure them.
5:41 pm
December 20, 2019
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HermanH said
KamWest said
I still have a bunch of money locked in at Motus for escalator GIC's at the below rates...
Those rates seem very nice. Can you explain how they are calculated or how the 'escalator' function works?
Year 1 = 2.70%
Year 2 = 3.10%
Year 3 = 3.15%
Year 4 = 3.35%
Year 5 = 3.95%
I took those out all the way across the board with GIC's, Tax Free GIC's, RRSP GIC's etc.
I have these sweet deals gaining more interest every year, on July 11th they all get paid out at 3.10% and then 3.15% next year etc etc.
I knew they were a sweet deal when I signed up.
5:45 pm
October 21, 2013
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For those who, like me, can't read the screen print, here is the current cut and paste version:
12 Month Term 1.350%
24 Month Term 1.450%
36 Month Term 1.650%
48 Month Term 1.900%
60 Month Term 2.000%
72 Month Term 2.000%
84 Month Term 2.050%
96 Month Term 2.050%
108 Month Term 2.050%
120 Month Term 2.100%
5:50 pm
December 20, 2019
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You can get this from motus right now
Just so you have a comparison chart
This is an escalator so it increases every year
The good thing about escalators is you can cash them in penalty free at the end of each year if rates go up higher.
10:30 am
September 30, 2017
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Motive is matching top GIC rates on the chart in 2 to 5 yr category
12:19 pm
October 21, 2013
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Motive
12 Month Term
1.450%
24 Month Term
1.850%
36 Month Term
2.000%
48 Month Term
2.150%
60 Month Term
2.500%
72 Month Term 2.500%
84 Month Term
2.500%
96 Month Term
2.500%
108 Month Term
2.500%
120 Month Term
2.500%
9:11 am
September 30, 2017
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Motive 2.05% shares the lead in 2-yr GIC category with EQ today ... However, the 0.40% gap between 1yr & 2yr is still noticeably steep (0.60% gap at EQ)
8:50 am
September 30, 2017
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It's almost Feb 2022, the gap between 1yr & 2yr is still noticeably wide. IMO, HISA rates will not go up soon (or fast) enough until this gap narrows. 18m - 3yr GIC(s) seem a better place to be, if you can. And I think it won't change until BoC moves its dial.
5:45 am
February 20, 2013
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GIC rate increase: http://www.motivefinancial.com/
12 Month Term 3.950%
24 Month Term 4.480%
36 Month Term 4.500%
48 Month Term 4.520%
60 Month Term 4.550%
72 Month Term 4.850%
84 Month Term 5.000%
6:41 am
September 15, 2017
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Higher GIC rates including 4.12% for 1 yr. and 4.60% for 2 yrs.
12:08 pm
April 14, 2021
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7-yr+ rates now at 5.15%
5:35 am
May 26, 2022
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New & higher GIC rates effective July 4:
1 yr = 4.24%
2 yr = 4.70%
3 yr = 4.74%
4 yr = 4.77%
5 yr = 4.88%
6 yr = 5.05%
7 yr = 5.15%
10:48 am
August 1, 2021
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I am suggesting my folks do a GIC laddering with Motive.
Option 1 ) laddering 4 GIC at year x 5 years = 20 GICs
Option 2) laddering 3 GIC at year x 5 years = 15 GICs
Option 3 is more conservative ) laddering 4 or 3 GIC at year x 3 years = 12 or 9 GICs and after the first year get another 3 years on 3,4,5 years terms.
As the website says if you are more than 57 years old, you can ask to get the interest monthly instead of annually.
So in case of needs, they can get the money back from Motive but still, get for those months (or years) the interest.
This will work or am I missing something?
Please write your comments in the forum.