Topic RSSLower GIC Rates
May 27, 2019
7:33 am
7:33 am
doug
Member
Members
Forum Posts: 4431
Member Since:
December 12, 2009
December 12, 2009
OfflineGR said
Decreasing all GIC rates. New rates will range from 2.65% for 1 year to 2.85% for 5 years.
That's still reasonable. They held out a long time as a top tier direct-to-consumer GIC producer and likely don't need the funds. They only need as many deposits to fund their mortgages; too many excess deposits are just added cost.
Their rates are likely still enough for depositors looking to renew.
Cheers,
Doug
May 27, 2019
1:57 pm
1:57 pm
Bud
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Banned
Forum Posts: 1375
Member Since:
February 20, 2018
February 20, 2018
Offline2.85@5yrs is a rip off
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