Good time to lock in a GIC (18 months) @5.75% | Page 2 | Tangerine Bank | Discussion forum

Looks like we're technically in a recession now and the BoC won't likely hike interest rates again: https://tnc.news/2023/11/01/statistics-canada-data-reveals-technical-recession/

Therefore, logically we should lock-in now?

rebel88 said
Not sure where you saw the 5.75% interest. But the Tangerine website has been advertising 5.55% for 18 months for some time now. It would be better to move to Oaken for their 6%.  

The 5.75 % was from my initial post in October. It's no longer available, sadly.

Thanks for the information about Oaken. I'm not familiar with them, and whenever I try to sign-up with a new financial institution, I have trouble doing so because I have fraud alerts on my credit reports with Equifax and TransUnion due to past fraud and data breaches.