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December 24, 2018
5:38 am
mechone
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Was just wondering why versabank is not on the list , rates are not the highest but competitive ,insured and does offer interest paid monthly on GIC which is what some people want .I just bought a GIC thru my brokerage account 3.21 for 4 years ,the only one higher was hometrust @3.28 ,however with the pullout of warren buffet I think I will stay clear of them ,with a pull back in real estate I believe they could find themselves in trouble

December 24, 2018
5:44 am
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From their website -

Customers are invited to purchase VersaBank products by contacting one of our deposit representatives here.

Yet another Fintech using agents ABSOLUTELY NOT worth the hassle.

December 24, 2018
5:47 am
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The OP should take advantage of the GIC chart provided on this forum for a better reference on what's happening -

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

December 24, 2018
8:04 am
Brimleychen
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4 years at 3.21%.

I think you should read this forum first.

We have 4% for 4 years!

But anyway, merry Xmas!

December 24, 2018
10:57 am
Retep
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Brimleychen said
4 years at 3.21%.

I think you should read this forum first.

We have 4% for 4 years!

But anyway, merry Xmas!  

Where?

It is a worth while effort to turn on ALERTS on your Credit Cards and Bank/Credit Union Accounts.

December 24, 2018
12:40 pm
Norman1
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Ganaraska Financial Credit Union is offering a special four-year 4% cashable GIC.

Details in earlier thread Ganaraska GIC 4% for 4 years

December 24, 2018
12:46 pm
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Ganaraska Credit Union - Important things to know before you start:

You must be an Ontario Resident.

December 24, 2018
1:30 pm
Retep
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Norman1 said
Ganaraska Financial Credit Union is offering a special four-year 4% cashable GIC.

Details in earlier thread Ganaraska GIC 4% for 4 years  

Thanks. I thought I would find it in the GIC chart. From BC so no help for me.

It is a worth while effort to turn on ALERTS on your Credit Cards and Bank/Credit Union Accounts.

December 24, 2018
2:42 pm
Loonie
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On the Charts page, you will find a link to the GIC Promos page, which is always worth checking. yOu would have found Ganaraska there.

December 26, 2018
2:58 pm
mechone
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Brimleychen said
4 years at 3.21%.

I think you should read this forum first.

We have 4% for 4 years!

But anyway, merry Xmas!  

I do know about Ganaraska however it is not insured and I have 1.2 million invested all over

December 26, 2018
4:20 pm
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mechone said

I do know about Ganaraska however it is not insured and I have 1.2 million invested all over  

https://www.ganaraskacu.com/Personal/ProductsAndServices/Insurance/

December 26, 2018
8:45 pm
Loonie
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If you insist on keeping all your funds in CDIC-insured FIs, you are going to run out of FIs with superior returns. This adds up, with 1.2 at stake.
If, for example, the difference is, on average, 0.5%, that's $6,000 annually.
Up to you.

December 28, 2018
7:04 pm
mechone
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Thanks I do agree ,I do have some money in Manitoba credit unions ,alternabank, EQ, Motive ,however thru my brokerage account I have about 25 gic's.

Ganaraska is too much of a hassle, and has shown some trouble in past. High rate's are for a reason.Years ago my dad had money in Confederation Bank that was CDIC insured .I think it took over a year to get his money after it failed.

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