GIC Rates increased for 3,4,5 year terms @ 5% | Tangerine Bank | Discussion forum

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GIC Rates increased for 3,4,5 year terms @ 5%
May 5, 2024
1:10 pm
Warwick111
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Term Rate
90 Day 3.50%
180 Day 4.75%
270 Day 5.15%
1 Year 5.20%
1.5 Year 4.30%
2 Year 3.60%
3 Year 5.00%
4 Year 5.00%
5 Year 5.00%

May 5, 2024
1:42 pm
UkrainianDude
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6% I would be interested.

May 5, 2024
5:20 pm
davidgeorge
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4 Year 5.00%
5 Year 5.00%

are on the top of the GIC chart.

May 5, 2024
5:46 pm
InterestThis
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Looks like Tang has data saying that the rates/inflation are going to stay high for 3-5 years. Time to grab some of these.

May 5, 2024
7:12 pm
ryanc
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This is a good rate. Thanks for sharing!

May 6, 2024
2:56 am
savemoresaveoften
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InterestThis said
Looks like Tang has data saying that the rates/inflation are going to stay high for 3-5 years. Time to grab some of these.  

If it’s indeed true inflation are going to stay high for 3-5years, short rates will stay high too and no need to lock in for longer terms, just saying.

May 6, 2024
6:04 am
mordko
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We have no idea what the future inflation/interest rates will be.

Makes sense to diversify to protect yourself against all scenarios, and this is a decent 5 year rate.

May 9, 2024
11:18 am
Miked
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Good enough for me 5%-5yrs... the 5 handle is what got me (higher rates 1-2 years but 1st thing U know times up - nice if rates keep going up but ...) in 5 years prob be a new guy as president (with whoever wins in between)

May 11, 2024
3:36 pm
Lodown
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I wouldn't put in any economic forecast based on what 1 bank - especially Tangerine does with their longer term rates. Their 2 year is 3.6 - at the bottom of the barrel. The 5% is likely that they need to lock in more money 3-5 years out, to balance loans and such.

May 12, 2024
9:34 am
Dean
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UkrainianDude said

6% I would be interested.  

Think Again, Dude ❗

2-3 years from now, GIC rates will most likely be ... In-The-Dog-House.

    Dean

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

May 12, 2024
10:22 am
canadian.100
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Dean said

Think Again, Dude ❗

2-3 years from now, GIC rates will most likely be ... In-The-Dog-House.

    Dean

  

Not sure what you consider "in the doghouse". I think rates will reduce slowly. The rate drops in 2020-2021 were excessive and definitely helped to fuel inflation - that cannot be repeated.

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