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GIC Rates Down
June 1, 2021
8:50 am
GR
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September 15, 2017
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1 year or 15 mo. GIC rate down to 1.45% (was 1.55%) and 2 yrs. now down to 1.50%.

https://www.peoplestrust.com/en/peoples-trust/high-interest-accounts/rates/

June 1, 2021
10:31 am
HermanH
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April 14, 2021
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Sign, I had one week to go before buying their GIC. Alas, always a day late and dollar short. Guess I'll just have to go to Achieva. sf-cry

June 1, 2021
11:22 am
Dean
Valhalla Mountains, British Columbia
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HermanH said

Sign, I had one week to go before buying their GIC. Alas, always a day late and dollar short. Guess I'll just have to go to Achieva. sf-cry  


.

Sorry Herman ... I couldn't resist sf-wink

But we've all been there, eh ❗
.

    Dean

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

June 1, 2021
11:38 am
HermanH
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Good news! I sent my applications by fax on Sunday, in anticipation of confusion and problems. They said that the fax was received before the change so they will honour the 1.55% rate even as late as June 9. sf-cool

June 1, 2021
2:50 pm
GR
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Saven Financial (for Ontario residents) is still 1.55% for 1 yr., possibly the highest 1 yr. posted rate available. See thread regarding Saven.

June 3, 2021
12:59 am
RetirEd
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November 18, 2017
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PT/PB have been very good about holding a rate while paperwork is in process or even in transit, so I always talk to them on the phone, ask for a hold and get the agent's name before sending things in. No trouble with the two 1.55% 1-year and 15-month deposits recently.

Response time isn't as good as it has been pre-pandemic, but it's still better than most and the agents are very on the ball, save for one or two emergency hires. The new guys pushed to another FI instead of pulling - twice - but it was only $100 and quickly corrected.

RetirEd

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