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New Peoples Trust Rates
January 22, 2019
6:37 pm
MoneyMatters
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Looks like Peoples just updated their latest GIC rates for investing

Non-Registered
Short Term:
30 day 1.30%
60 day 1.30%
90 day 1.45%
120 day 1.45%
180 day 1.45%
270 day 1.50%

Long Term:
15 month 3.05%
1 year 2.95%
2 year 3.20%
3 year 3.20%
4 year 3.35%
5 year 3.45%

RRSP & TFSA
1 year 2.95%
2 year 3.20%
3 year 3.20%
4 year 3.35%
5 year 3.45%

sf-cool

January 29, 2019
6:38 am
Briguy
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Peoples doesn't have RRIFs as far as I can see on their website??? Correct me if I'm wrong. I guess the good part is that they don't have transfer out fees.

January 29, 2019
8:33 am
stoidi
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PT just can’t keep their rates competitive. Once all my GICs mature they, PT, will nothing more than a wasted effort on my behalf.

January 29, 2019
6:30 pm
stoidi
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Briguy said
Peoples doesn't have RRIFs as far as I can see on their website??? Correct me if I'm wrong. I guess the good part is that they don't have transfer out fees.  

Correct PT does not have RRIF.

But Accelerate, Oaken and Hubert does. Although I would not use Oaken for RRIF RRSP or TFSA.

January 31, 2019
6:13 am
dommm
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Charlotte said

Correct PT does not have RRIF.

But Accelerate, Oaken and Hubert does. Although I would not use Oaken for RRIF RRSP or TFSA.  

I have some of the above mentioned accounts with Oaken. Just curious on why you would not have those specific accounts with Oaken? thanks

January 31, 2019
8:27 am
stoidi
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Temporarily I do have TFSA and RRSP. The reason to not have any registered account with them is they do not have an associated savings account to park funds or withdraw funds. I only have a couple of TFSAs and when they mature they will be moved out. I have RRSP elsewhere and can manage my RRSP => RRIF withdrawals there. My RRSP with Oaken will turn to RRIF as a mandatory condition in a few years and once matured will be moved out. I don’t like the way Oaken handles RRIF. And you will find most here don’t like Oaken’s no savings account policy.

January 31, 2019
8:51 am
Loonie
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Me too. I have 2 RIF GICs at Oaken. The first matures this summer. It will be transferred elsewhere unless they offer an RIF savings account by early April . For me, it's totally unmanageable without one.

Oaken hasn't been around that long, and their five-year GICs are now maturing. Perhaps, once they see the money flying out the window, they will get the message and smarten up, but it may be too late for many of us.

I would only hold non-registered funds there going forward.

January 31, 2019
9:01 am
stoidi
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I already moved a chunk of RRSP to Hubert and told them why, when I did. It did not seem to help the cause.
I have been moving RRSP=>RRIF=>TFSA for years. But no longer do it with Manulife. This year will be with Hubert and so far all of my questions have been answered and it appears I will have full control with little assistance.

January 31, 2019
9:13 am
Loonie
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I won't move my RIFs to Hubert because they don't offer any kind of one-year GIC for RIFs. They are good for other things though.
I would prefer to use Hubert, but I need the flexibility of a one-year option.

If Oaken doesn't wake up, I expect to use either Accelerate or Achieva for RIFs. Will decide in April. Spouse will do the same starting in 2020. A fair chunk of change altogether. If Oaken doesn't care, well, neither do I.sf-smile

January 31, 2019
12:25 pm
toto
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Accelerate does a great job with my riffs, happy that we had moved all of our rrsps there over the years, the women that run this office are outstanding, they explain everything and if they don't know they find out and get back immediately. You will not be disappointed riffing at accelerate, in my opinion.

January 31, 2019
2:16 pm
stoidi
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Loonie said
I won't move my RIFs to Hubert because they don't offer any kind of one-year GIC for RIFs. They are good for other things though.
I would prefer to use Hubert, but I need the flexibility of a one-year option.

If Oaken doesn't wake up, I expect to use either Accelerate or Achieva for RIFs. Will decide in April. Spouse will do the same starting in 2020. A fair chunk of change altogether. If Oaken doesn't care, well, neither do I.sf-smile  

Lol. Still young enough to still have RRSP so I feed what I want in the RRIF and will leave a small balance in HISA till next year.

January 31, 2019
2:17 pm
stoidi
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toto said
Accelerate does a great job with my riffs, happy that we had moved all of our rrsps there over the years, the women that run this office are outstanding, they explain everything and if they don't know they find out and get back immediately. You will not be disappointed riffing at accelerate, in my opinion.  

I agree but so far not to sure about the new Lori there.....does not speak clearly. Maybe I am jumping the gun???

January 31, 2019
10:42 pm
Loonie
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thanks for the reviews.

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