GIC rate increases November 25, 2019 | Oaken Financial | Discussion forum

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GIC rate increases November 25, 2019
November 25, 2019
8:10 am
savemoresaveoften
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Please note that effective Monday, November 25, 2019 we will be increasing the interest rates for all of our long-term GICs (registered and non-registered) as follows:

• 1 Year GIC – 2.55% (currently 2.50%)
• 18 Month GIC – 2.60% (currently 2.55%)
• 2 Year GIC – 2.65% (currently 2.60%)
• 3 Year GIC – 2.70% (currently 2.65%)
• 4 Year GIC – 2.80% (currently 2.75%)
• 5 Year GIC – 2.90% (currently 2.85%)

November 25, 2019
10:31 am
Dean
Selkirk Mountains, British Columbia
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Though slight, it's a complete across the board turnaround❗

I wonder if others (Hubert, etc.) will follow suit ... time will tell.

sf-cool " Live Long And Prosper " sf-cool

November 25, 2019
11:15 am
GICinvestor
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Selkirk said
Though slight, it's a complete across the board turnaround❗

I wonder if others (Hubert, etc.) will follow suit ... time will tell.  

I just bought 3 in the last weeks. I wonder if the new higher rates are retroactive? I would only want retroactive for increased rates though.sf-smile

Edit: These new rates will be applied automatically for all corresponding GICs booked on November 18, 2019 or later. I did before Nov 18 🙁

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