Simplii GIC Interest Rate Changes | Page 2 | Simplii Financial (formerly PC Financial) | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Simplii GIC Interest Rate Changes
November 29, 2018
9:37 am
hotmony
Member
Members
Forum Posts: 427
Member Since:
February 20, 2018
sp_UserOfflineSmall Offline

I think fs brokers get a bit automatically for retention wrap or not.
The theory maybe like a credit card ur more likely to spend/invest "silly" at a full serve house.

December 1, 2018
12:23 pm
Norman1
Member
Members
Forum Posts: 2310
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

hotmony said
I think fs brokers get a bit automatically for retention wrap or not.
The theory maybe like a credit card ur more likely to spend/invest "silly" at a full serve house.  

The deposit/investment brokerage business doesn't quite work that way. There is no trailer fee on a GIC. So, if the brokerage house doesn't receive any net commission, then the firm isn't going to pay the individual broker anything either.

At best, the individual broker with a large book of non-commission generating accounts will be given extra time to generate commissions, should the individual fail to meet their commission quota.

January 4, 2019
7:21 am
GR
Member
Members
Forum Posts: 166
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline

Simplii lowered GIC rates for 1 year to 3.00% p.a. and for 5 years to 3.40% p.a., matching Tangerine.

March 6, 2019
5:44 am
hwyc
GTA
Member
Members
Forum Posts: 61
Member Since:
September 30, 2017
sp_UserOfflineSmall Offline

Simplii also lowered GIC rates as of yesterday.

I think I am going to love the GIC rate history page sf-smile

March 6, 2019
6:38 am
2of3aintbad
Member
Members
Forum Posts: 266
Member Since:
February 24, 2015
sp_UserOfflineSmall Offline

hwyc said
Simplii also lowered GIC rates as of yesterday.

I think I am going to love the GIC rate history page sf-smile  

Not sure what you mean about the rate history. This drop could be anticipated once Tangerine dropped their rates and Oaken announced the same.

March 6, 2019
7:01 am
hwyc
GTA
Member
Members
Forum Posts: 61
Member Since:
September 30, 2017
sp_UserOfflineSmall Offline

2of3aintbad said

Not sure what you mean about the rate history. This drop could be anticipated once Tangerine dropped their rates and Oaken announced the same.  

https://www.highinterestsavings.ca/profile/simplii-financial/gic-rate-history/

March 23, 2019
9:43 am
Vatox
Member
Members
Forum Posts: 439
Member Since:
October 29, 2017
sp_UserOfflineSmall Offline
March 23, 2019
10:13 am
Doug
West Kelowna
Member
Members
Forum Posts: 2576
Member Since:
December 12, 2009
sp_UserOfflineSmall Offline

Vatox said
GIC rates lowered today. Below Tang now.

https://www.highinterestsavings.ca/profile/simplii-financial/gic-rate-history/  

Not too surprising - they've done pretty well and retaining their existing business and likely even growing it a bit. Looking at the "Big 5" bank annual reports, Scotiabank (including Tangerine Bank) had the lowest CET1 and Total Capital Ratios of the group.

Cheers,
Doug

No permission to create posts

Please write your comments in the forum.