GIC rates go up on December 7, 2020 (not a typo) | motusbank | Discussion forum

Alexandre said
1 Year Non-Redeemable GIC
(Non-Registered)
Current Rate: 1.10%
New Rate: 1.40%
As of Dec 7, 2020

1 Year Non-Redeemable GIC
(Registered - TFSA/RRSP/RRIF)
Current Rate: 1.15%
New Rate: 1.45%
As of Dec 7, 2020  

I got the offer via e-mail today. Guess enough people weren't biting on their offer to renew your gic at .15 percent more than posted. Lots of people invested when they put those good rates out for 3%. I purchased the max under CDIC but cashing them all in now as they mature.