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High Rates Not on Charts
May 26, 2022
7:20 am
gicjunkie
Ontario
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I may have brought this up before, but there doesn't seem to be any place on this site to easily see which FIs are actually offering the best rates, in particular if they are regional institutions. My case in point is Tandia Credit Union in Ontario, whose 5 year GIC rate, @ 4.50%, is currently well above those on the charts listed herein. There should be a way, other than ultimately being buried in Forum comments, to keep these rates visible while they are still relevant. I know it's not technically a "special" or a "Promo", but maybe it should be treated as such. Don't forget, many of us are seniors and as the saying goes, "out of sight, out of mind." Just saying.

May 26, 2022
7:42 am
julio
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Count me in, please. I am also looking forward to the day, when I can easily see which FI is actually offering the best rates. Thank you.

May 26, 2022
7:55 am
lifeonanisland
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I suspect including more CUs would be a challenge for the site operator, but I would love to see more as well. And it would also be good to see 3, 6 and 9 months.

May 26, 2022
8:31 am
turquoise
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gicjunkie said
I may have brought this up before, but there doesn't seem to be any place on this site to easily see which FIs are actually offering the best rates, in particular if they are regional institutions. My case in point is Tandia Credit Union in Ontario, whose 5 year GIC rate, @ 4.50%, is currently well above those on the charts listed herein. There should be a way, other than ultimately being buried in Forum comments, to keep these rates visible while they are still relevant. I know it's not technically a "special" or a "Promo", but maybe it should be treated as such. Don't forget, many of us are seniors and as the saying goes, "out of sight, out of mind." Just saying.  

Love this idea.

And for all of the people here who keep whining about how this suggestion or that suggestion "puts a burden on administration" -- seriously? What do you think this is? Yes, accessing this website is free. But so are about 10 billion other websites. Stop imposing your mediocre library club mentality on this place.

May 26, 2022
8:43 am
lifeonanisland
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turquoise said

And for all of the people here who keep whining about how this suggestion or that suggestion "puts a burden on administration" -- seriously? What do you think this is? Yes, accessing this website is free. But so are about 10 billion other websites. Stop imposing your mediocre library club mentality on this place.  

Another cup of coffee may be required.

May 26, 2022
8:44 am
AltaRed
BC Interior
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How long do you wish the list to be? 200 credit unions? Top 100 by assets? Top 50? Only those that accept members from all residents (i.e. not exclusive to certain groups) of at least one province?

IOW, what is the criteria to be used? Who is going to monitor the filters?

May 26, 2022
8:47 am
Dean
Valhalla Mountains, British Columbia
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lifeonanisland said

Another cup of coffee may be required.  

Or better yet ... 'A Kick In The Pants'. sf-wink

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

May 26, 2022
8:50 am
lifeonanisland
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AltaRed said
How long do you wish the list to be? 200 credit unions? Top 100 by assets? Top 50? Only those that accept members from all residents (i.e. not exclusive to certain groups) of at least one province?

IOW, what is the criteria to be used? Who is going to monitor the filters?  

I know. Not as simple as it sounds. But there are some CUs out there that consistently offer smokin' rates. I think maybe handpicking the consistent winners, maybe ten or so, would be enough. And perhaps only those that are available broadly across the country...for example, most Manitoba CUs. Ideas only.

May 26, 2022
9:07 am
Dean
Valhalla Mountains, British Columbia
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AltaRed said

. . .

IOW, what is the criteria to be used? Who is going to monitor the filters?
.

I nominate Turquoise (see Post # 4 above), and also make him/her
'Head Librarian' ... LOL sf-laugh

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

May 26, 2022
9:40 am
savemoresaveoften
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turquoise said

Love this idea.

And for all of the people here who keep whining about how this suggestion or that suggestion "puts a burden on administration" -- seriously? What do you think this is? Yes, accessing this website is free. But so are about 10 billion other websites. Stop imposing your mediocre library club mentality on this place.  

why dont u volunteer urself to take up the task ? I am sure Peter can use another pair of "free hands"....

May 26, 2022
9:48 am
AltaRed
BC Interior
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lifeonanisland said

I know. Not as simple as it sounds. But there are some CUs out there that consistently offer smokin' rates. I think maybe handpicking the consistent winners, maybe ten or so, would be enough. And perhaps only those that are available broadly across the country...for example, most Manitoba CUs. Ideas only.  

What is a smokin' rate? HISA only? GICs only? Tandia has been mentioned, obviously from a GIC rate perspective but other than their current 5 year rate, they don't rate higher than the "regulars". I note they currently have a smokin' HISA rate of about 0.05-0.4% which really fits well with the name of this site.

May 26, 2022
9:50 am
gicjunkie
Ontario
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First of all, it appears that this site monitored at least daily. So, putting an update for a high rate in, say, the Promo section would not be labor intensive. I am not suggesting the creation of a new chart, as some of you have alluded to. I just feel that excellent rates, not included in the charts, should not get buried in the Forum.

May 26, 2022
10:24 am
JenE
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Sounds reasonable and doable to me, gicjunkie. If you hadn’t put the information in a new topic it would have been easy to miss. I’m a Tandia client but hadn’t seen these new rates. Did you get an email?

May 26, 2022
10:40 am
gicjunkie
Ontario
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JenE said
Sounds reasonable and doable to me, gicjunkie. If you hadn’t put the information in a new topic it would have been easy to miss. I’m a Tandia client but hadn’t seen these new rates. Did you get an email?  

No, I have not received an email. I just happened to spot the rate on the CANNEX website a while back. Knowing that Tandia has on occasion tried to best the market, I do check their website as well . Some organizations seem to be a bit lax in keeping customers in the loop.

May 26, 2022
11:06 am
Loonie
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AltaRed said
How long do you wish the list to be? 200 credit unions? Top 100 by assets? Top 50? Only those that accept members from all residents (i.e. not exclusive to certain groups) of at least one province?

IOW, what is the criteria to be used? Who is going to monitor the filters?  

This is not really very difficult. We all know what a noteworthy rate looks like, and there are only a handful at any give time.

AltaRed, you have objected every solitary time anyone has wanted to include anything that is not relevant to where you live - and this is even though you say you don't even buy GICs. This is quite unreasonable. It's time to drop the "Western alienation" rant and recognize the rest of the country.

This is Peter's site. It's up to him to sort out the time vs reward ratio, and it's up to us to tell him what we'd like to see.

May 26, 2022
11:40 am
turquoise
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Stop treating this site like some neighborhood voluntary project. Yes, we are all grateful to Peter for providing this space and service. But who are any of you to jump in with "oH nO itS tOo mUcH wOrK fOr pEtEr!!!!".

Peter is intelligent. He is interested in making this site better. Let HIM decide to run with something or not. Not a bunch of cantankerous hall monitors.

I think GICJunkie's suggestion pointed directly to the biggest, lingering weakness of this site.

While I'm here, I'd like to thank GICJunkie, JenE, Dentgal and one or two others for their ongoing efforts to bring these lesser-knowing offers/promotions to light. PLEASE keep it up.

And Loonie is right. This "Western Alienation" thing is getting tiring -- it's like when you have a hammer in your hand, everything looks like a nail. Nobody gives two ***** around here about western inclusion or western alienation. We want to know what's available with HISAs and GICs. If it's only available to folks in one province: more power to them. Geez.

May 26, 2022
12:10 pm
savemoresaveoften
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turquoise said
Stop treating this site like some neighborhood voluntary project. Yes, we are all grateful to Peter for providing this space and service. But who are any of you to jump in with "oH nO itS tOo mUcH wOrK fOr pEtEr!!!!".

Peter is intelligent. He is interested in making this site better. Let HIM decide to run with something or not. Not a bunch of cantankerous hall monitors.

I think GICJunkie's suggestion pointed directly to the biggest, lingering weakness of this site.

While I'm here, I'd like to thank GICJunkie, JenE, Dentgal and one or two others for their ongoing efforts to bring these lesser-knowing offers/promotions to light. PLEASE keep it up.

And Loonie is right. This "Western Alienation" thing is getting tiring -- it's like when you have a hammer in your hand, everything looks like a nail. Nobody gives two ***** around here about western inclusion or western alienation. We want to know what's available with HISAs and GICs. If it's only available to folks in one province: more power to them. Geez.  

For a free site, I am more than grateful. If other "free" site offers more, anyone can jump ship. But hey this is the one of the "free" site that offers a lot of free info. I am perfectly fine with scanning for "hidden" "not so obvious" clues to spot something special. I was trained that one should work to get what they want. Not expect spoon feed.

I am sure Peter accepts donation as a start. 🙂

May 26, 2022
12:16 pm
turquoise
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savemoresaveoften said

For a free site, I am more than grateful. If other "free" site offers more, anyone can jump ship. But hey this is the one of the "free" site that offers a lot of free info. I am perfectly fine with scanning for "hidden" "not so obvious" clues to spot something special. I was trained that one should work to get what they want. Not expect spoon feed.

I am sure Peter accepts donation as a start. 🙂  

Oh please. This site generates revenue from advertising. It may not be in the millions, but treating it like some kind of soup kitchen is disingenuous. Everyone is benefitting from this site -- including Peter in non-financial and financial ways. Walking on eggshells when making suggestions is the reason this site -- for all of its features -- FAR less than what it could be.

It's not about this specific (and incredibly good) suggestion from GICJunkie. It's the whole culture of this place.

And yes, here is where you tell me "I can leave if I want" -- and here is where I tell you that Peter or his power hungry voluntary minions can ban me anytime they want. I get it. Groupthink is appealing.

May 26, 2022
1:26 pm
Bill
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The OP originally wanted only the "best rates", then moved to "excellent rates". Would need working definition of the latter to do, I guess. But either way, isn't this info already available via Cannex, can't you just check it whenever you want?

And not sure how saying Peter can kick me off is an answer to why someone who doesn't like the culture here comes here in the first place - ?

May 26, 2022
1:27 pm
Nehpets
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turquoise said ............ "I can leave if I want" -..... Peter or his power hungry voluntary minions can ban me anytime they want..... 

One can only hope....

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