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GIC Rates Drop

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GIC Rates Drop

March 23, 2023
7:18 am

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1 yr. and 2 yr. GIC rates drop to 5.00%.

(source: Cannex)

Peoples Trust 1,000 5.0000 5.0000 4.8500 4.6500 4.5000

March 23, 2023
7:26 am

savemoresaveoften

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GR said
1 yr. and 2 yr. GIC rates drop to 5.00%.

(source: Cannex)

Peoples Trust 1,000 5.0000 5.0000 4.8500 4.6500 4.5000

Thanks for the update. So much for 2y 5.3%.... damn

March 23, 2023
7:46 am

RYAN

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Fortunately I took PT's 2-year GIC TFSA last week at 5.3%.

March 23, 2023
9:12 am

hwyc

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Hopefully their staff now have time to catch up the backlogs and be responsive.

March 23, 2023
9:18 am

Rail Baron

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I filled out the application for a Peoples Bank GIC yesterday (online) at 5.3%.

When I talked to an agent on the phone to determine a few details about applying for a PB account when I already had PT account, there was no hint of a rate change in the offing.

It will be interesting to see whether they honor 5.3% rate, since the account won't get funded until next week.

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