Will Motive Raise GIC Rates To Be Competitive? | Motive Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Will Motive Raise GIC Rates To Be Competitive?
March 27, 2020
8:19 am
GR
Member
Members
Forum Posts: 632
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline
Go to Top
1sp_Permalink sp_Print

Motive is a division of CWB (Canadian Western Bank). Through GIC agents, 1 yr GICs from CWB are today at 2.47% - much higher than Motive's rate. It's time for Motive to offer competitive GIC rates.

March 27, 2020
9:22 am
gicjunkie
Ontario
Member
Members
Forum Posts: 653
Member Since:
November 7, 2014
sp_UserOfflineSmall Offline
Go to Top
2sp_Permalink sp_Print

GR said
Motive is a division of CWB (Canadian Western Bank). Through GIC agents, 1 yr GICs from CWB are today at 2.47% - much higher than Motive's rate. It's time for Motive to offer competitive GIC rates.  

With the BoC lowering rates again today, we'll be lucky if the Motive rates stay the same as they are.

March 27, 2020
12:12 pm
happyavocado
Member
Banned
Forum Posts: 10
Member Since:
March 27, 2020
sp_UserOfflineSmall Offline
Go to Top
3sp_Permalink sp_Print

While I hope I'm wrong, I don't think we're going to see an across the board hike like we saw about a year ago.

But I am expecting to see something from Meridian in the next little while. They hiked mortgage rates, and so I figure they'll do something with their GIC rates as well. Might be time for those in a "raise-you-rate" 3 or 5-year GIC to make a switch (you can do it once in a 3-year and twice in a 5-year).

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.