Cancelling a peoples trust gic | Peoples Trust | Discussion forum

I don't think Peoples has a special provision for this, but i think you should be able to cancel within 10 days as with other GICs generally, no? Phone them Monday.

Cancellation privilege varies. EQ Bank only allows one day in their GIC agreement:

Option to Cancel GIC Purchase

You may cancel your purchase of an EQ Bank GIC within one day after the Effective Date without penalty and you will be entitled to a refund of all principal invested. You will not receive a payment of interest. Please contact us if you wish to cancel your purchase of a GIC within the time period prescribed.

christinad said
Did i read somewhere you can cancel a peoples trust gic? I just bought one today but i'm having second thoughts as i'll only make $4.00 in interest on top of if used savings account. Its not a big deal but something i'd consider if option is there.  

There ⬆ ... I fixed it for you.

First thing Monday morning, call Peoples and ask them to cancel that GIC ... it won't hurt to ask.

Let us know what they say.

Good Luck ❗

Dean