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GIC rates comparison chart
February 5, 2019
6:10 am
Nav66
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The rates for registered (RIF, RRSp & TFSA) Tangerine GICs are higher than those shown on the chart.

February 5, 2019
7:10 am
Peter
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Thanks for pointing that out. Not sure what to do in this case, since this is the first time I can remember since launching the chart that the registered investments rates are higher than the non-registered rates. Does this mean we need multiple charts? Or a manually managed exceptions list?

February 5, 2019
8:11 am
Nav66
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Since this is a rare exception, you could temporarily have 2 lines for Tangerine until the rate differential is back to zero if that is technically possible.

February 5, 2019
8:18 am
stoidi
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A second line would seem to be the answer.

I was also wondering why you can click the HISA rate and you can have the history of the FI's rate. Can that be done for GIC too.....history starting as of today.

February 5, 2019
9:55 am
Peter
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In the short-term I'll have to stick with the "non-registered" explanation. But both options are possible:

  • The GIC updates are automated, so it would take some work to check a separate set of rates on each page and compare them to the base set.
  • I am logging a history of changes in the back-end, but haven't yet parsed out erroneous updates.
February 6, 2019
10:20 am
Nav66
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Sounds like you should leave things as is since adding a second line for Tangerine is not "technically possible". As well, the issue appears unique to Tangerine and might be temporary.

April 23, 2019
9:02 am
CHUCK21
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HELLO PETER,
I NOTICED THAT LUMINOUS AND DUCA ARE MISSING FROM YOUR CHART. YOU MIGHT CONSIDER ADDING 1 AND 6 MONTH RATES FOR PEOPLE WHO WANT TO TEMPORARILY PARK THEIR FUNDS.
KEEP UP THE GOOD WORK AND SORRY FOR THE CAPS.

April 23, 2019
9:08 am
CHUCK21
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P.S. I FORGOT TO MENTION OMNIA.
TTFN

April 23, 2019
9:15 am
Doug
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CHUCK21 said
HELLO PETER,
I NOTICED THAT LUMINOUS AND DUCA ARE MISSING FROM YOUR CHART. YOU MIGHT CONSIDER ADDING 1 AND 6 MONTH RATES FOR PEOPLE WHO WANT TO TEMPORARILY PARK THEIR FUNDS.
KEEP UP THE GOOD WORK AND SORRY FOR THE CAPS.  

Hi Chuck,

I wouldn't have a problem with adding Luminus Financial Credit Union and DUCA Financial Services Credit Union (their legal names, which should be used, consistent with our practices) to the GIC comparison chart, since that one is more for informational purposes only. However, because Ontario residency is required, we'll need to make sure we note that it's limited to Ontario residency.

Actually, on second thought, looking at the GIC rates comparison chart, I see that it does seem to use the same inclusion criteria (perhaps, Peter, you could copy and paste the inclusion criteria HTML code from the "comparison chart" to the "GIC chart" webpage and locate it below the chart?) as the HISA "comparison chart". So, to be included, it needs to be available to residents in 9 of the 10 provinces (excluding Quebec), at a minimum. We could modify the inclusion criteria for the "GIC chart," but I wouldn't support that personally as it could get quite unwieldly.

In the meantime, you are more than welcome to create Luminus Financial Credit Union and/or DUCA Financial Services Credit Union threads in the "General financial discussion" forum and periodically update the forum members with their latest GIC rates. Some other members do this as well for related provincial credit unions (i.e., Tandia and Omnia Direct, which is a division/branch of Windsor Family Credit Union).

Cheers,
Doug

April 23, 2019
9:43 am
Peter
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Thanks for the suggestions, Chuck. Adding additional terms is difficult to maintain across many financial institutions, although I could call specific ones out in the "Promos" page. All of DUCA, Luminus Financial, and Omnia Direct have been featured there.

Doug, that is not true about legal naming being "consistent with our practices". (If there is further discussion on naming, please do so outside of this thread.)

April 23, 2019
10:04 am
Doug
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Thanks, Peter...and yes, I was going to suggest featuring those credit unions on the "promos" page, if they were either a term special (i.e., non-standard term length) or a time-limited rate offering. It would definitely be difficult to try and manage the updating of province-specific GIC rate offerings.

As to naming, I won't say anything more on that publicly. All I meant was that since Luminus Financial is not a virtual banking division of a credit union (a la Hubert Financial) as it is the name of the credit union, if it were to be added, we should call it "Luminus Financial Credit union" like "Meridian Credit Union". sf-cool

Hope that makes sense,
Doug

May 11, 2019
6:43 am
JimmyM
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I am a new member, so let me start by saying that I find this site extremely useful and review it every week to keep abreast of the ever-changing world of GIC rates, rate promotions and banking news. A big "Thank You!" to all the major contributors.

Question: In the GIC Rates Comparison Chart, I used to see in the rates for Canadian Tire Bank, but I see recently they have been removed. Don't know if there was a reason for this, but after reviewing many of the forum posts, I can't seem to find anything about it. At first glance, they appear to meet the criteria for posting, so I am wondering if they could be included again?

May 11, 2019
7:59 am
Peter
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Welcome to the forum and thanks for pointing that out! That was a bug that has now been fixed -- Canadian Tire Bank is back on the GIC chart.

Please write your comments in the forum.