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Deposit Broker Comparison Chart?
March 10, 2022
1:30 pm
JenE
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Unfortunately these rates are (usually) for non-registered only. I’ve got some registered GICs maturing over the next few months so will probably go to EQ. I like Oaken but their lack of a TFSA savings account rules them out for future registered deposits. Maybe Hubert will raise rates!
Scrivens registered rate yesterday was 2.88 for 3 years.

March 11, 2022
1:15 pm
COIN
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Alexandra said
I phoned GIC direct yesterday. The 3yr @ 3.10% is with MCANN with a minimum deposit of $100K. The 5yr @ 3.35% is with Wealth One. The rest seem to be all with Haventree Bank with a minimum deposit of $25K. Haventree, would likely increase their 5 yr. 3.32% to match with Wealth One's @ 3.35% but still have the $25K minimum.  

These are not "household names". How safe are they?

March 11, 2022
1:45 pm
Alexandra
British Columbia
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All three are insured under CDIC. MCAN and Haventree are mortgage lenders.

I have had GIC's with MCAN and Haventree (as have some of my friends), through GIC direct. Haven't had any problems with them. But then "had" is the operative word. I wouldn't put more than $100K with either of them including principal and accumulating interest throughout the term. But then I wouldn't do that with anyone except perhaps a big bank. Right now the only financial institution I have more than the CDIC would cover is with CIBC. Not overly worried there.

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