Gilker said

Here you go.   

Thanks very much!

saver99 said
Thanks for your post.

Are you able to provide the link to the RBC Direct GIC rate table? I was not able to locate this when searching the web.  

Here you go.

dougjp said
Does anyone have an idea why I can buy their GIC through my direct investment broker's account and get 3.53%, when buying the same thing direct from People's only pays 2.9% (according to the GIC rates comparison chart here)? Isn't that backwards from the norm, or maybe the comparison chart here isn't up to date?

I found this out by mistake, because of following the discussion thread about Oaken and Fairstone which got me looking around (another example of how great this forum can be!).  

Yes, I'm glad I've been listening in here too lately. Because I have funds coming due from Peoples and others (old Motive), I called GIC direct (Monarch), and they are offering better rates for say Peoples Trust and Wealth 1.

With Peoples Trust for instance you can get 3.8% for the two year GIC vs 3.0 with Peoples on line. MCAN is 3.73 for 2 year & 3.92% for 3 yr. Wealth One at 3.8% for the 2 yr vs 3.75%. So, really worth looking at.

This is the best site with so many knowledgeable people. I personally really appreciate all of you for your insights.

And like Chekhov's unhappy families, each GIC page is ugly and awkward in its own way.

Gilker said

For sure no longer a leader in rates or Trust Worthy.  

Are you able to provide the link to the RBC Direct GIC rate table? I was not able to locate this when searching the web.

For sure no longer a leader in rates or Trust Worthy.

dougjp said
Does anyone have an idea why I can buy their GIC through my direct investment broker's account and get 3.53%, when buying the same thing direct from People's only pays 2.9% ..... 

Not unusual at all, in fact very common. FI's engage brokers to sell their GIC's in order not to have to do the administrative work in direct dealing with the investor, especially for small amounts. It's worth paying a higher rate through brokers and not have to do the admin work.

Also brokers often have flash one day deals when a FI needs a limited investment input.

A good reason to establish a working relationship with a good GIC broker.

Stephen

Dean said
.
The GIC Chart here is up-to-date.

➡️ https://www.peoplesgroup.com/p.....ount-rates
.
Dean  

Thought it would be. So, very interesting about my upcoming GIC expiry, likely cancelling it in order to transfer funds into Investors Edge where Peoples probably pays a commission to Investors Edge, and then.....buy a People's GIC at a higher rate!

➡️ https://www.peoplesgroup.com/p.....ount-rates

.
Dean

I found this out by mistake, because of following the discussion thread about Oaken and Fairstone which got me looking around (another example of how great this forum can be!).

Like all FIs, they can be slow to get to the phone at RRSP/TFSA time, and I have no brokerage business, but I'm still pretty happy with them. I just wish they had longer phone hours.

gamgam said
Agreed! I have been thru Aislinn, Kiem, Jen & Abigail…not one can give the customer service one would expect! My duplicate T4RSP slips are inexcusable! Still not resolved with a March 2/26 notice put thru by Peoples Trust. CSR’s are completely rude for an error caused by themselves! I will pull all my remaining GIC’s as soon as they mature to another FI! Done!  

Gamgam: May I ask how long you have been a customer of People's Trust?
I have been an RBC customer since the late 1970s or early 80s. My brother was a teller at the time (eventually he became a lawyer). I actually had one of the first ATM cards in Canada as Calgary was one of their test markets for ATM cards. He managed to give me some good perks, as there were never any holds on my cheque deposits. In less than the last six months I have removed over 20% of my financial assets out of RBC (at least if they complete a transfer in the coming week). It would have been a lot more, but one of the instituitions I transferred to does not support preferred shares. I suspect that it will only become worse for them. They became so complacent. For someone my age, it is not as easy a decision to switch one's main financial institution as it was when I was in university. I only switched back then because of my "older, wiser brother" as he liked to quip back in the day. encouraged it and made it feel less painful then it might otherwise have felt.

Now, RBC (through a long series of actions and inactions) has made it pretty easy.