September 7, 2018
Nope. It does not depend on what interest rates are once the 18 month GIC expires. Interest rates can drop to zero and you would still be better off if you bought Tangerine’s 18 month GIC than their 2-year one.
You are correct - for some reason I was thinking the 2 year rate was 5.95% and not 4.20% which is a big drop. Yes the 1.5 yr 6% is a super gift for as long as it lasts - far higher than any other FI offering. Tangerine rocks!!