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Email this4:25 pm
September 15, 2017
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Peoples increased GIC rates for all products, but no change for savings accounts. The news is underwhelming!
15 month 2.10%
1 year 2.05%
2 year 2.15%
3 year 2.25%
4 year 2.35%
5 year 2.50%
7:42 pm
January 3, 2013
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I will consider if they start offering 3% like they used to years ago. But these rates are disappointing.
3:15 pm
June 24, 2015
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Another increase:
15 month 2.15%
1 year 2.05%
2 year 2.30%
3 year 2.45%
4 year 2.55%
5 year 2.75%
3:12 pm
June 24, 2015
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And another increase:
15 month 2.30%
1 year 2.25%
2 year 2.40%
3 year 2.65%
4 year 2.75%
5 year 2.95%
3:49 pm
February 5, 2018
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I see many of the rates here and wonder how it is ells were
In manitaba at local credit unions you can get %2.60 on a saving account
% 2.50 on a year
are these national rates better than you can get locally in other provinces in Canada ?
3:52 pm
October 21, 2013
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I am not aware of any place in Ontario where you can get 2.6 daily interest.
Where, in MB, are you finding this?
6:34 am
February 5, 2018
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Access credit union has the %2.6 saving
and westoba has a theses and they are cashable on the adversary date yearly
westoba is they are maxa finical on line but will not sell me this product through them
I am going to buy the 5 year cashable Friday I will get % 2.5 for the first year and then can cash it out on the anniversary date if the rates are not good . I saw an interview with the BOC head in it he compared the loosing of nafta to the Alberta oil crash and said that he would react similarly . In that case he cut rates twice by buying this product that risk is passed over to the credit union and if there is no cuts I can get out in a year
Escalator Term-Deposit 5 Year
Effective Yield 3.05%
Available for GIC, RRSP, TFSA products.
Year 1 2.50%
Year 2 2.75%
Year 3 2.80%
Year 4 2.95%
Year 5 4.25%
Escalator Term-Deposit 3 Year
Effective Yield 2.75%
Available for GIC, RRSP, TFSA products.
Year 1 2.50%
Year 2 2.75%
Year 3 3.00%
7:10 am
August 4, 2010
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That Access rate of 2.6% (their Platinum account) is only for >$250,000. It starts at 2.3%, and 2.4% between 100K and 250K. It is also monthly-balance calculated and paid annually.
7:55 am
December 17, 2016
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NorthernRaven said
It is also monthly-balance calculated and paid annually.
Sheesh ... and here I thought it was only Steinbach CU who calculated interest that way!
10:52 am
February 5, 2018
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NorthernRaven said
That Access rate of 2.6% (their Platinum account) is only for >$250,000. It starts at 2.3%, and 2.4% between 100K and 250K. It is also monthly-balance calculated and paid annually.
do you know of a better rate that I am missing ?
12:15 pm
January 3, 2013
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What is the minimum balance to get that interesting one?
Year 5 4.25%
I haven't seen anything over 3.5% in many years.
1:56 pm
October 21, 2013
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Save2Retire@55 said
What is the minimum balance to get that interesting one?
Year 5 4.25%I haven't seen anything over 3.5% in many years.
It's not a real number in the sense that it's part of an escalator rate. The rate over the five year required term would be 3.05, which is less than that offered by several other FIs right now.
2:29 pm
January 3, 2013
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I see. It's the first time I see this escalator term and thought it is just how they like to call it. Didn't know it is a thing!
4:08 pm
October 21, 2013
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Yes, you will see these at many FIs. The final year always looks very attractive!
Some of them allow withdrawals on anniversary date, which may be useful to some people who aren't sure about a five year commitment, but you need to read the fine print.
However, I've looked at quite a few of them and have yet to find one that I wanted to invest in. I've always found I could do better elsewhere with a plain vanilla GIC.
11:56 am
September 15, 2017
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Peoples new GIC rates:
15 month 2.50%
1 year 2.40%
2 year 2.65%
3 year 2.75%
4 year 2.85%
5 year 3.05%
(Savings accounts: unchanged)
9:13 am
October 15, 2015
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Thats not bad. Now, if only they would increase their savings account rate.
11:19 am
April 5, 2012
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Another hike:
15 month 2.60%
1 year 2.50%
2 year 2.75%
3 year 2.90%
4 year 3.00%
5 year 3.15%
5:06 pm
March 21, 2018
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These guys have been sleeping at the switch for tooooooo long. As soon as our GICs mature we are gone.
6:01 pm
October 21, 2013
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As long as they're not retaining our deposits and/or not getting enough new ones, they will have to keep raising their rates.
I imagine the previous rate was a trial balloon to see if it would attract enough money. Apparently not!
We only ever had the TFSA savings account with them, whee it was 3% for several years. It was a great deal while it lasted!
2:46 pm
March 19, 2017
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Hello Savers!
I love this forum and haven't posted in awhile. I recently have had to sell off some property in BC due to this new speculation tax coming in. I'm a resident of Ontario and thought to park the proceeds at People's Trust in a Joint (with my spouse) and each of us in individual to take advantage of CDIC coverage and the 2.5% 1 year GIC. I read their financials and they seem to be in good shape... BUT... in reading all the forums about People's, I get the sense that they are not very well liked. Appreciate any insights. Thanks.
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