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Email this8:18 am
March 30, 2017
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Has anyone spotted anything, in branch poster / flyer or ?
12:08 pm
April 14, 2021
Online
I saw a message/flicker of 4.88% and thought it was odd. I think it was for last year's promo. I haven't been able to find it, again, and have seen nothing new.
1:13 pm
February 7, 2019
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HermanH said
I saw a message/flicker of 4.88% and thought it was odd. I think it was for last year's promo. I haven't been able to find it, again, and have seen nothing new.
4.88 looks like a No Frills price ... LOL ...
| CGO |
4:23 pm
April 14, 2021
Online
Ooops. My mistake. I must have flashed through HSBC and saw their 4.88% offer
7:41 pm
January 11, 2023
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cgouimet said
4.88 looks like a No Frills price ... LOL ...
Ugh - don't give Galen any ideas. Next thing you know there will be No Name GICs with PC Optimum points.
8:19 pm
December 26, 2018
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10:44 am
December 26, 2018
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Well may be next week.
6:02 pm
January 12, 2023
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Scotiabank is offering a 388 day GIC at 5.2% if you call them.
https://www.scotiabank.com/ca/en/personal/investing/guaranteed-investment-certificates.html
7:54 am
May 26, 2022
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5.28% for 1 to 5 year GICs purchased between Jan 18 and March 1
9:52 am
September 24, 2019
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Greedy Guy said
5.28% for 1 to 5 year GICs purchased between Jan 18 and March 1
I got their e-mail this morning on this. 18Mo also @5.28%. Darn, I have purchased my TFSA GIC for this year from RBC @5.03%. I'm already at the limit covered by CDIC with Wealth One for non registered funds. Tempting to add a small one for one year? Thing is nothing with them is coming due this year either so the risk would last until next year.
10:44 am
March 30, 2017
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Greedy Guy said
5.28% for 1 to 5 year GICs purchased between Jan 18 and March 1
they definitely make it difficult to decide on a term 🙂
on the other hand, free option for a guarantee rate until Mar 1.
11:38 am
September 11, 2013
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I believe someone on here has pointed out this bank has always lost money, keep CDIC limits in mind. If housing market tanks, foreclosures, lack of demand for mortgage money, etc maybe Wealth One will be one of the more vulnerable ones.
11:41 am
September 19, 2018
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It looks like they only pay interest at the end of the term, so for example on a 3 year GIC, interest would be compounded and payable at the end of 3 years.
12:02 pm
September 11, 2013
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Compounded annually, paid on maturity.
Terms say "For GICs with a term of more than one year, interest is compounded on each anniversary date of the GIC and then paid on the maturity date."
12:02 pm
April 14, 2021
Online
savemoresaveoften said
on the other hand, free option for a guarantee rate until Mar 1.
Be wary of the final date. Most offers will honour the terms set out but, occasionally, an offer will be withdrawn prior to the previously announced final date.
12:39 pm
September 7, 2018
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Alexandra said
Darn, I have purchased my TFSA GIC for this year from RBC @5.03%. I'm already at the limit covered by CDIC with Wealth One for non registered funds. Tempting to add a small one for one year? Thing is nothing with them is coming due this year either so the risk would last until next year.
Alexandra - Don't feel bad about missing the WealthOne offer @5.28%. RBC is a FAR more secure FI, highly unlikely to ever go under, while WealthOne Bank has not yet turned a profit (I reviewed their Financial Statements on the OSFI site) - so the chances of it going under are not impossible if things do not improve. No business can operate with endless losses - and as one poster said you don't know how long it would take to get your money if WO should go down.
12:55 pm
May 26, 2022
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Jowett said
It looks like they only pay interest at the end of the term, so for example on a 3 year GIC, interest would be compounded and payable at the end of 3 years.
I requested depositing GIC annual interest to my WealthOne savings account. "Interest calculated and transferred Annually to another one of your accounts" is in the details of my WealthOne GICs .
1:39 pm
September 11, 2013
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Aside from their precarious financial situation the December online monthly statements are still not available - ?
We have significant funds with them, probably be withdrawing them over the course of the next few months.
6:27 pm
February 1, 2016
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savemoresaveoften said
Has anyone spotted anything, in branch poster / flyer or ?
I received the following information in an email from Wealth One today:
I apologize for the clarity of the term and rate information.
The term of the promotion is January 18 to March 1, 2023
Rates for: 1-yr, 18-mo, 2-yr, 3-yr, 4-yr and 5-yr fixed-term GICs all @ 5.28%
Please write your comments in the forum.