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Simplii GIC Interest Rate Changes
September 17, 2018
7:06 am
GR
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New rates for GICs:

1 yr 2.60
2 yrs 2.65
3 yrs 2.70
4 yrs 2.75
5 yrs 3.10

September 28, 2018
9:22 pm
Vatox
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They have increased even higher. 1yr is now 2.75%. Bill has suggested Simpli be added to the GIC chart. I agree, very good rates.

September 28, 2018
9:54 pm
Peter
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I've now added Simplii to the chart ūüôā

https://www.highinterestsavings.ca/gic-rates/

September 28, 2018
10:20 pm
Vatox
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Thx Peter.

October 27, 2018
6:38 am
KB
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I think that these rates are incorrect. Same for the new rates posted today.
These rates are the "APY" rates which include compound interest.
I am new here but don't you want the actual rates?
1 year 2.716
2 year 2.765
3 year 2.863
4 year 2.960
5 year 3.057

Update: Even the CANNEX website shows the APY rate.

KB

GR said
New rates for GICs:

1 yr 2.60
2 yrs 2.65
3 yrs 2.70
4 yrs 2.75
5 yrs 3.10  

October 27, 2018
9:50 am
hotmony
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5 years is too long i find i prefer the 1 2 3, 4 unnecessary

October 28, 2018
10:22 am
Save2Retire@55
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hotmony said
5 years is too long i find i prefer the 1 2 3, 4 unnecessary  

I don't mind 5 years as I don't open any 5 years with a big amount. My RRSP is always 5 years but I don't have any single 5 years with an amount bigger than $21K but I understand this depends on the age and wealth.

October 29, 2018
6:13 am
savemoresaveoften
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Those rates still lagging other players out there. Dont think just because its Simplii its "credit worthiness" means it can offer lower rates, esp with esavings offer 3% right now and rates are going up or down over the next month, zero reason to lock in to any GIC that pays less than 3% for any term IMHO

November 8, 2018
7:08 am
GR
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Simplii increases match Tangerine GIC rates:

Interest Rates
GIC/RGIC term

1 year 3.10
2 year 3.20
3 year 3.30
4 year 3.35
5 year 3.50

November 8, 2018
8:43 am
SG
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One thing that I don't understand is why they don't offer TFSA GICs...

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