All GIC & Savings Rates Down | Wealth One Bank of Canada | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
All GIC & Savings Rates Down
May 1, 2020
6:25 am
GR
Member
Members
Forum Posts: 304
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline

Savings accounts 1.75%.

Guaranteed Investments - Non-Redeemable (Personal Only)
6 Months 1.80%
1 Year 2.05%
2 Years 2.10%
3 Years 2.20%
4 Years 2.20%
5 Years 2.30%

May 1, 2020
7:29 am
Doug
British Columbia, Canada
Member
Members
Forum Posts: 3563
Member Since:
December 12, 2009
sp_UserOfflineSmall Offline

GR said
Savings accounts 1.75%.

Guaranteed Investments - Non-Redeemable (Personal Only)
6 Months 1.80%
1 Year 2.05%
2 Years 2.10%
3 Years 2.20%
4 Years 2.20%
5 Years 2.30%  

Looks like they're leading us lower.* I thought it'd be one of the Manitoba CUs, but I expect the others to follow throughout the month of May, with Motive Financial and LBC Digital going to 2-2.05%, the effective upper bound.

Cheers,
Doug

*Notwithstanding outliers Alterna and Motus that tend to be below the rates of the Manitoba CUs.

May 1, 2020
9:10 am
Bud
Member
Members
Forum Posts: 1113
Member Since:
February 20, 2018
sp_UserOfflineSmall Offline
May 5, 2020
9:38 am
Vatox
Member
Members
Forum Posts: 679
Member Since:
October 29, 2017
sp_UserOfflineSmall Offline

Bud said
You missed their best current deal this 3yr esc.

https://www.wealthonebankofcanada.com/viewport/mobile/Personal/ProductsAndServices/Investing/EscalatorGIC/  

It’s not 2.49% annual compound equivalent anymore, it’s 2.23%

Please write your comments in the forum.