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March 6, 2020
10:23 am
GR
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Peoples Trust and Peoples Bank lowered rates on savings accounts and GICs.

Savings accounts now 1.8%.
GICs for 1 yr, 15 mos & 2 yrs now 2.30%; 5 yrs 2.55%.

April 7, 2020
4:05 pm
GR
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After lowering their rates in early March, Peoples then increased their rates and now lowered rates again!

Savings accounts are at 2.00%, all GIC rates down (e.g. 1 year GICs back down to 2.30% from 2.50%) and 60, 90, 120 day GICs down to 1.80/2.10.

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

June 1, 2020
7:13 am
GR
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Lower GIC Rates:

15 month 2.05%
1 year 2.05%
2 year 2.15%
3 year 2.25%
4 year 2.25%
5 year 2.35%

June 1, 2020
7:37 am
Doug
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GR said
Lower GIC Rates:

15 month 2.05%
1 year 2.05%
2 year 2.15%
3 year 2.25%
4 year 2.25%
5 year 2.35%  

I think Peter actually updated these on May 30th, 2020. Let me know if anything has changed since then.

Cheers,
Doug

June 1, 2020
8:57 am
Amy7g1q
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these are great numbers I think are very accessible to everyone

June 12, 2020
7:39 am
GR
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GIC rates decreased - ranging from 1.95% for 1 yr to 2.30% for 5 yrs.
Savings accounts still 2%.

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

July 2, 2020
8:22 am
GR
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Rates down again for GICs and savings accounts at Peoples Trust and Peoples Bank.
Savings accounts now 1.80%.
GICs now range from 1.85% for 1 yr. to 2.20% for 5 yrs.

July 2, 2020
9:28 am
pooreva
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2% did not last long. Wanted to give them a chance and moved few hundred $ and was ready to move more but their hold on funds is something like 10 days. WAY too long. Now have to wait to get my money back.
And have to wait whole July not to leave them dollar-two in interest.

July 2, 2020
12:22 pm
dougjp
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I just checked, their daily withdrawal limit is $ 250k.

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