W1 GIC 2.4% One Year Term | Wealth One Bank of Canada | Discussion forum

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W1 GIC 2.4% One Year Term
January 12, 2018
12:10 pm
Nehpets
Ontario
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Guaranteed Investments - Non-Cashable (Personal Only) Rates

WealthONE GICs - 1 Year 2.40%
WealthONE GICs - 2 Years 2.55%
WealthONE GICs - 3 Years 2.65%
WealthONE GICs - 4 Years 2.70%
WealthONE GICs - 5 Years 2.90%

Same rates being offered through GIC brokers and direct

January 12, 2018
3:52 pm
tcharger67
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great rates, im a little hesitant given RBCs mortgage increase. I have a feeling if theyre expecting BOC increases, rate increases are just around the corner as well, and even a 1 year almost seem not worth taking the risk. Especially when you could sit at 3.00 in a savings account with simplii till february 28 well after BOC has announced
just my 2 cents. Seeing what you guys think

January 12, 2018
4:19 pm
Save2Retire@55
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TD increased their mortgage rate today. As mentioned, I think more and higher offers are coming as BOC might increase the rate soon.

Simplii for now till end of Feb and see what happens.

January 12, 2018
4:33 pm
davidgeorge
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We have Tang at 2.5% until May 31 and Simplii at 3% until Feb. 28. Why 1 year GIC at 2.4%?

January 12, 2018
4:54 pm
Top It Up
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Or Ideal Savings @ 2.5% until April 30th.

January 15, 2018
9:59 am
tcharger67
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tangerine yet again only offered me 2% so ill be switching to ideal. too bad it is such a hassel to open an account. who still works by snail mail.... brick and mortor!

January 16, 2018
9:24 am
Bill
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Though the WealthOne site says the 1-year rate gic is 2.4% when you go to buy one online by moving money from your savings account it shows a 1.6% rate for the 1-year gic.

January 16, 2018
9:41 am
Nehpets
Ontario
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Bill said
Though the WealthOne site says the 1-year rate gic is 2.4% when you go to buy one online by moving money from your savings account it shows a 1.6% rate for the 1-year gic.  

I noticed that too, Bill. Perhaps best to call them, and log the details of your call including the name of the CSR...or consider buying the W1 GIC through a GIC broker.

January 16, 2018
10:11 am
Bill
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I did call them, was news to CSR, said he'll pass it on to get it fixed. My money's on hold for 10 calendar days, I'll check it again then.

January 17, 2018
10:15 pm
Vatox
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I figure it's a wait and see for more rate hikes. I'm getting 2.5 at Tang till end of May and the rest is at EQ getting 2.3. Nothing locked in.

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