Series A BMT104 (CAD) and BMT124 (USD). BMO does not advertise these rates anywhere except to existing clients with accounts. BMOIL and Scotia iTrade are generally in lockstep with each other on Series A offerings.

What I do at BMO IL instead for CAD, is to buy their Series F MMF BMO95142 instead of BMT104. In effect, just as good an offering but, but no CDIC insurance for the MMF offering.

I just logged in and went to the "Change GIC Maturity Option" to have the proceeds go into my W1 HISA. After I hit the submit button it gave me the following message "Unsuccessful transaction If you require further assistance, please call 1.866.392.1088 or email our technical support at Help@wealthonebank.ca.". Maybe I can only request this change closer to the maturity date. Will have to investigate further.

Peter said
Looks like the GIC competition is heating up. Haventree just increased its GIC rates to be the leader or tied for the lead for the 1-year, 3-year, 4-year, and 5-year terms: https://www.highinterestsaving.....story/  

This offer of 4.20% (2-year) probably is only through their online account. In Questrade it has a 2 year of 4.03%

Once your GIC is set up at W1BoC, you can go onto that GIC's summary page, and change the maturity instructions.

Cheers,

Dean

There is no real value having a separate trustee. The dealer would have full authority to move assets in and out of the segregated pool anyways to buy and sell securities for the clients.

If the dealer was going to go rogue as a trustee, the dealer would have moved the assets out of the trust before bankruptcy. One can't recover trust funds from parties who receive the funds as payment for services and things before the parties receive notice that funds were improperly taken from a trust.

Then I looked at the Cdn Tire Rate history table (https://www.highinterestsaving.....e-history/) that the only rate that has changed in 9 months is the 5 yr rate and it seems to change very slightly every few days. What's that about?

The bigger issue is malfeasance whereby a brokerage undertakes an effort to break the rules and uses client assets in their own corporate operations, or as corporate collateral, and hence where I believe the real value of CIPF shines. I would be more concerned about that with upstarts and lesser boutique firms that are likely more capital lean and in accelerated growth mode rather than the brokerages of the big banks which have their compliance departments breathing down their necks.

There will be an indicator in the monthly brokerage account statements on holdings that are in client name form and/or not segregated.

That's why CIPF insurance is needed for investment dealer accounts. Statements may show that the dealer owes you a $50,000 Concentra Bank GIC and an $80,000 MCAN Mortgage Corporation GIC. But, the bankruptcy trustee may not find the same when it contacts Concentra and MCAN.

As for my self, I much prefer the 'Numeric Keypad' method ... it's Easy & Fast, and gets the job done with no issues (@ Tangerine & elsewhere).

Whatever works, eh❗

Dean