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GIC Rates Increase
March 11, 2022
9:05 pm
GR
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Peoples Trust and Peoples Bank new rates for non-registered and registered GICs include 2.20% for 1 year and 2.95 for 3 years.

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

April 29, 2022
6:20 am
GR
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New higher GIC rates will be effective today.
Peoples Trust $1,000 3.1500 3.8000 4.0500 4.1000 4.1500
source: Cannex

May 13, 2022
7:29 am
GR
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GIC rates moving up today.

1 yr. 3.35
2 yrs. 3.95
3 yrs. 4.10

(source: Cannex)

May 13, 2022
7:46 am
COIN
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GR said
GIC rates moving up today.

1 yr. 3.35
2 yrs. 3.95
3 yrs. 4.10

(source: Cannex)  

These rates apply to both the Trust and the Bank?

May 17, 2022
12:01 pm
savemoresaveoften
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I lock into a year rate 10 days ago a 3.15%. Called them yesterday and happily surprised as long as its within 10 business days, they will adjust the rate to the higher rate.

10 business days is hugely generous and I am thrilled they offer that.

May 17, 2022
12:19 pm
HermanH
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savemoresaveoften said
I lock into a year rate 10 days ago a 3.15%. Called them yesterday and happily surprised as long as its within 10 business days, they will adjust the rate to the higher rate.

10 business days is hugely generous and I am thrilled they offer that.  

If you are willing to take such a long-term view, why settle for 3.15% and not go for Motive at 4.55%?

May 17, 2022
1:13 pm
MattS
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If you're willing to do 4.15 for five yrs at motive you may as well add one yr and take 4.55 for 6

May 17, 2022
5:35 pm
mechone
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Wait and see what moves first week of June

May 17, 2022
5:49 pm
savemoresaveoften
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HermanH said
If you are willing to take such a long-term view, why settle for 3.15% and not go for Motive at 4.55%?  

1y is not a long term view. I am pretty sure BoC wont start cutting in the next year or so, while at the moment, my only other option is 1.7% HISA.
In 1 year's time, that is when I will reevaluate and lock in to a longer term.
I also have multiple tranches to do anyway.

May 17, 2022
6:02 pm
HermanH
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My mistake. I thought you were going for a 10-yr term.

May 17, 2022
6:05 pm
savemoresaveoften
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HermanH said
My mistake. I thought you were going for a 10-yr term.  

no worries, yeah one will need a unique circumstances to lock in for any terms longer than 1-2y at the moment in my mind 🙂

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