December 17, 2016
January 28, 2015
Outlook always had good GIC rates ,they have now become complacent, I have been waiting for months for them to raise the 5 year GIC .Looks like another BOC rate increase Sept 5th. Time to start looking somewhere else I can get the same rate at a walk in down the street DUCA not over the net in another province
November 7, 2014
I have been having the same thoughts about both Outlook and Achieva. They were the trend setters for GIC rates in Manitoba for years, but now they have seemingly become complacent. Hubert is probably now the best choice in Manitoba for savings and GICs. Having said that, many of the Ontario credit unions have been outperforming the Manitoba ones regarding GICs for a while now. Being in Ontario I am much happier to keep my investments more local if I can.
August 4, 2010
As always, "complacent" really means "successful" - the natural goal is to minimize cost of funds. It looks like Outlook/Assiniboine has around $2 billion in term deposits (GICs), so every 5 basis points in their weighted GIC rate would be $1 million saved annually. The older/bigger Manitoba CUs like this can for now meet their funding targets without needing to chase after the very end of the rate-hunting tail.
November 7, 2014
Northern Raven, you are absolutely correct. My "complacent" was a bit sarcastic. Like the big national banks, Outlook and Achieva are not so much groveling for business. On the other hand, as a personal investor, I myself will gladly "grovel" for better rates, as long as the investment is insured. Better in my pocket!
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