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GIC Rates Increase
June 15, 2022
1:29 pm
Bill
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If wait and see means it would have been in a HISA instead you're still ahead likely so that has to be factored in, maybe not so bad as it looks.

After not having hardly any for a while I've been buying 1 or 2 1-year gics a month this year with my HISA money so in 6 months or so they start coming due, guess I'll see if that was a good idea or not.

June 15, 2022
1:42 pm
Dean
Valhalla Mountains, British Columbia
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Alexandre said

I am going to give it serious consideration, when my 1-year Tangerine GIC at 1.25% matures early 2023.

The pain of not following 'Wait-and-See' mode at the beginning of 2022 is real. sf-cry  

Not to worry, Alexandre ... by early next year, that new 1Yr Tang GIC rate (now @ 3.75%) is likely to be a good bit higher.

We all win-some/lose-some, eh. sf-smile

    Dean

sf-cool " Live Long And Prosper " sf-cool

June 15, 2022
2:20 pm
savemoresaveoften
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Its an interesting keeping the $$$ in HISA at 2.8% vs locking it in to 1y at 3.75%. With a 95bps point spread, it is really how quickly Tang may jack up the 1y rate again. It seems like 1y 3.75% is a teaser for them (as in they generally offer rates 50bps lower than CUs)
If someone has the crystal ball, pls let me know best path

June 16, 2022
7:15 am
COIN
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Dean said

Wow ... that new 1Yr rate is unusually high, for Tangerine ❗

    Dean

  

Wonder if it is a typo?

June 16, 2022
7:48 am
cgouimet
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COIN said

Wonder if it is a typo?  

Such skepticism ... :):):)

It does read 3.75% ... https://www.tangerine.ca/en/rates

CGO
June 16, 2022
8:09 am
cgouimet
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Dean said

Wow ... that new 1Yr rate is unusually high, for Tangerine ❗

If I wasn't still in my 'Wait-And-See' mode,
I'd give it some serious consideration.

    Dean

  

An alternative to Oaken for those looking for Joint 1Yr GIC's ...

CGO
July 6, 2022
7:01 am
hwyc
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ICYMI - Tangerine registered-GIC rates are currently higher in some terms than the non-registered rates shown on our chart. For example, 4.45% for 4-yr vs 3.60% !

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