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Email this5:00 am
November 8, 2018
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Just noticed visible drop in rates for Motus escalator GICs. 5-year escalator GIC yield is now 2.6%, used to be 3% few days ago.
I think we might see another "alignment" of Motus rates soon, because currently there is an interesting discrepancy in TFSA rates, like that:
TFSA savings account: 2.5%
TFSA 3 year escalator GIC: 2.5%
TFSA 3 year fixed rate GIC: 2.6%
Which means, that right now 3 year TFSA escalator GIC does not make much financial sense.
5:32 pm
October 21, 2013
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I don't know about this one, but Escalator GICs are typically cashable on anniversaries. This might be the advantage, and the reason for the rate discrepancy with fixed rate.
4:04 am
April 7, 2016
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Alexandre said
Just noticed visible drop in rates for Motus escalator GICs. 5-year escalator GIC yield is now 2.6%, used to be 3% few days ago.I think we might see another "alignment" of Motus rates soon, because currently there is an interesting discrepancy in TFSA rates, like that:
TFSA savings account: 2.5%
TFSA 3 year escalator GIC: 2.5%
TFSA 3 year fixed rate GIC: 2.6%Which means, that right now 3 year TFSA escalator GIC does not make much financial sense.
Here we go, just as we expected!!
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