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Email this1:29 pm
March 15, 2019
Offline
Not sure if it is targeted and/or new money only.
Terms
1 year
18 month
2 year
3 year
4 year
5 year
Rates
2.08%
2.18%
2.28%
2.68%
2.78%
3.18%
1:35 pm
January 11, 2020
Offline
Till March 1st
2:00 pm
September 30, 2017
Offline2:40 pm
October 21, 2013
Online
These rates all looked very good when they first came out a month ago, but they have all since been exceeded by other FIs - including by WealthOne itself through deposit brokers!
3:14 pm
January 11, 2020
Offline
Does anyone know of a better offer for registered funds? I have a decent chunk due mar 7 with a broker and judging by monarch’s web site I don’t think I’ll be offered anything at or above 3%… which for registered funds would make this the highest offer I know. Wealth one will not hold 3.18 rate if funds mature after March 1st . They did not have a problem with feb 28 and funds xfer by May 1 they would hold a rate if paperwork in March 1. Funds mature mar 2 and they not able to
8:08 pm
October 21, 2013
Online
As far as I know, you're right; there is nothing above WealthOne for five years registered - today.
Maybe just hang in a bit longer and something might show up. Right now it seems the shorter terms are where the action is, but there is a lot of movement overall.
9:14 am
April 14, 2021
Online
The GIC brokers are showing 3.2 and 3.3% for 5-yr
9:23 am
January 11, 2020
Offline
But their registered products they offer less rrsp and tfsa
You can see this on monarchs website
You can’t get the 3.3 and 3.2 for rrsp
9:27 am
April 6, 2013
Offline
What are the minimums on those leading rates?
GIC Wealth's site says their 3.2% rate for a five year GIC is minimum $50,000.
Looked on Fiscal Agents site. Their best five-year GIC rate is 3% with a minimum $90,000!
9:30 am
September 15, 2017
Offline
For the past few weeks, it seems that Wealth One Bank has been consistently aggressive in offering highest or almost highest rates WITH BROKERS/AGENTS for non-registered GICs. Does this raise any concern about Wealth One's financial stability?
9:41 am
April 14, 2021
Online
Why do you feel that Wealth One's use of GIC brokers is an indicator of instability?
W1 might just be using brokers because they are nearing the limit/end of their fundraising plans and want the flexibility to end the program on very short notice; their own advertised efforts may be less responsive.
Please write your comments in the forum.