OUTLOOK cuts gic rates | Outlook Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





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

sp_Feed Topic RSS sp_TopicIcon
OUTLOOK cuts gic rates
April 2, 2019
9:15 am
Kidd
Member
Members
Forum Posts: 359
Member Since:
February 27, 2018
sp_UserOfflineSmall Offline

https://www.outlookfinancial.com/products/rates

** Time flies like the wind and fruit flies like the bananas.

April 2, 2019
9:35 am
Vatox
Member
Members
Forum Posts: 431
Member Since:
October 29, 2017
sp_UserOfflineSmall Offline

Kidd said
https://www.outlookfinancial.com/products/rates

** Time flies like the wind and fruit flies like the bananas.  

I’m confused. Does Outlook offer non redeemable Gics as well as redeemable?

April 2, 2019
9:37 am
Denise Milani
Member
Banned
Forum Posts: 82
Member Since:
February 9, 2019
sp_UserOfflineSmall Offline
April 2, 2019
9:52 am
Vatox
Member
Members
Forum Posts: 431
Member Since:
October 29, 2017
sp_UserOfflineSmall Offline

Denise Milani said
Yes with penalty.

See here. https://www.outlookfinancial.com/products/early-withdrawal  

Okay, so the “Cashable GIC” is not the rate shown on their website even though it’s labeled as Cashable. That’s the non redeemable rates and the Cashable option is 1% on the withdrawn portion or 2% if purchased long ago.

April 2, 2019
10:51 am
Denise Milani
Member
Banned
Forum Posts: 82
Member Since:
February 9, 2019
sp_UserOfflineSmall Offline

Yes the Early Redemption rate is NOT shown. They are only showing the Non Redeemable rate.

While some folks may like the feature it only appears to be
Horn Tooting by Outlook Financial.

If you have some control by always having cash in HISA or your GICs are laddered there is likely no need for this option.

Outlook is a phase out in this household for many other reasons.

Please write your comments in the forum.