Increased GIC rates, 02 Feb 2018 | Motive Financial | Discussion forum

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Increased GIC rates, 02 Feb 2018
February 2, 2018
3:47 pm
Loonie
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12 Month Term 2.28%
24 Month Term 2.60%
36 Month Term 2.90%
48 Month Term 2.93%
60 Month Term 3.12%

applies to all accounts

February 2, 2018
5:26 pm
--- deleted ---
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Thanks. That 3-year rate is nice.

February 2, 2018
7:45 pm
Rick
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Big fan of Motive...but their TF/HI/RSP accounts are overdue for an increase. 1.25 for RSP and 1.5 for regular savings is beginning to fall behind the pack. The spread between TFSA and 1 year GIC is almost 1/2% now. I think that's enough of a spread. Time to bump up rates for the savings accounts Motive!! sf-confusedsf-embarassed

February 16, 2018
4:26 pm
Save2Retire@55
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Seems another increase as of Feb 20 except the 3 years which is being reduced by 0.05% for I have no idea reason.

https://www.motivefinancial.com/Rates/

12 Month Term 2.35%
24 Month Term 2.60%
36 Month Term 2.85%
48 Month Term 3.00%
60 Month Term 3.16%

February 16, 2018
5:20 pm
Rick
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And STILL no movement on the savings accounts sf-frown

Save2Retire@55 said
Seems another increase as of Feb 20 except the 3 years which is being reduced by 0.05% for I have no idea reason.

https://www.motivefinancial.com/Rates/

12 Month Term 2.35%
24 Month Term 2.60%
36 Month Term 2.85%
48 Month Term 3.00%
60 Month Term 3.16%  

February 16, 2018
8:12 pm
GR
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Rick said
And STILL no movement on the savings accounts sf-frown

  

Their savings account rates haven't changed since 2015, so they are not competitive and are long overdue for an increase, in line with the market and Bank of Canada increases!

February 16, 2018
11:37 pm
Rick
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Yeah....maybe they aren't interested in savings accounts. RSP savings is 1.25 and only pays annually. Don't care for that feature. I would think GIC's are a more stable and predictable deposit base, and they have pretty good rates. Think I'll move the cash I have sitting there to Hubert once the account gets up and running. Once that happens I'll be supporting institutions in Ontario, Manitoba, Alberta and a token BC
account.

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