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GIC Rates Up | Simplii Financial | Discussion forum

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March 26, 2020
6:45 am
GR
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Simplii raised GIC rates. For example, 1 yr 2.20%.

https://www.simplii.com/en/rat.....rates.html

March 26, 2020
7:13 am
canadian.100
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GR said
Simplii raised GIC rates. For example, 1 yr 2.20%.

https://www.simplii.com/en/rat.....s.html  

With inflation around 2.2% and after income tax on the interest, from an economic point of view, this return is a "guaranteed loss" in both capital and buying power.

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