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All GIC Rates Up Slightly
October 5, 2021
6:25 am
GR
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GIC interest rates now range from 1.50% for 1 year to 2.10% for 5 years.

https://www.wealthonebankofcanada.com/Personal/Rates/TermDeposits/

(Not shown here are current limited time promos of 2.88% for 5 years directly with Wealth One and 18 month promo rate probably still with GIC agents only.)

October 5, 2021
10:21 am
HermanH
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GR said
(Not shown here are current limited time promos of 2.88% for 5 years directly with Wealth One and 18 month promo rate probably still with GIC agents only.)  

I must have missed it, but what is the 18-mo promo rate?

October 5, 2021
2:29 pm
GR
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HermanH said
I must have missed it, but what is the 18-mo promo rate?  

Some GIC agents, such as Monarch Wealth in Toronto, last week, had Wealth One Bank 18 mos. at about 1.72% p.a.

October 5, 2021
2:32 pm
Loonie
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GICWealth currently advertising 1.68

October 5, 2021
2:37 pm
GR
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Loonie said
GICWealth currently advertising 1.68  

For those in the GTA who might be interested in an 18 month GIC, Monarch Wealth rate line today offers 1.76%.

October 5, 2021
10:30 pm
Loonie
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Can someone give me a link for Monarch? Google is not cooperating and there seem to be several companies with similar names. Thx.

October 5, 2021
11:03 pm
Norman1
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gicjunkie gave a link to them in the thread Monarch Wealth Corp - Deposit Broker.

October 6, 2021
8:09 am
Loonie
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Thanks.
Interesting that they don't show 18 month rates; and some of the best rates are only for non-registered.

October 6, 2021
8:29 am
Norman1
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Could be just Monarch Wealth's web site is not designed to normally show the rate for 18 month GIC's.

Google search found another Ontario deposit broker that has the same 1.76% 18-month GIC rate: Heritage GIC's in Kingston and Ottawa.

Not in their regular GIC rate table. But, in some text in the left side sidebar. There's also a 2% rate for 30 month GIC's in the market today:

Rates effective: October 6, 2021

Promotions: 18 Months at 1.30% for minimum of $5k, 1.50% for minimum of $20K & 1.76% for minimum of $25K.

30 Months at 1.80% for minimum of $5K and 2.00% for minimum of $20K.

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