Topic RSS5:59 am
September 30, 2017
Offline8:05 am
April 21, 2022
Onlinehwyc said
Got 4.5% (YMMV) on new money from Sep 5 to Nov 30
Activation required by Sep 30
Got the same, I thought they would have started their targeting either yesterday or wait until Tuesday. Surprised they did it on a Saturday, but not surprised they upped their game to 4.5% considering the volatility in global bond markets where paying that much is cheap compared to what they would have to pay borrowing from elsewhere. Anyone considering jumping into GIC's right now is better off holding off if they can for better rates that are likely coming sooner rather than later.
3:47 pm
April 21, 2022
OnlineWarwick111 said
Got the same offer too. My previous offer @ 4.25% expired on August 31 and I did not expect a back to back offer. I emptied out my accounts on Sept 1 and now the money is coming right back.
That's a bit unusual, typically there's a month's gap in between. I would have done the same thing as you had by withdrawing everything out on Sept 1 to squeeze out as much interest as possible and then waited to see if they would target again in October. The snapshot for this offer was the 4th so it worked out well for you.
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