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Email this8:42 am
September 16, 2022
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18-month is now same as 1-year at 5.35% and 3-year back to 5%.
https://www.wealthonebankofcanada.com/Invest/GICs
9:31 am
January 12, 2019
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.
Nice rates ⬆ ... But with All their problems (see other related threads), I just can't bring myself to invest there.
Maybe after Globalive takes over (if that really happens 
).
'Caveat Emptor',
- Dean
" Live Long, Healthy ... And Prosper! "
9:33 am
December 20, 2016
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lovejennifer said
18-month is now same as 1-year at 5.35% and 3-year back to 5%.
If you buy W1 GIC through an investment broker today, W1 pays 5.52% one year, 5.48% 2 years and 5.14% 3 years
Stephen
7:46 am
September 15, 2017
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For those who are comfortable with Wealth One Bank, they increased their 18 month rate to 4.88% p.a. for non-registered and registered GICs. Their new rates for 1 to 5 year GICs and savings accounts are shown on the charts on this website.
11:00 am
January 12, 2019
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.
Thanks for that ⬆, GR ... but it's No-Can-Do for me !
With W1BoC 'Still' unable to turn a profit, and being partially owned by operatives with ties to a Communist Dictatorship, they won't see even
a Nickel of mine.
'Scruples' trumps high interest rates and CDIC coverage ... Any Day ❗
- Dean
" Live Long, Healthy ... And Prosper! "
6:52 am
September 15, 2017
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For those who are comfortable with Wealth One, they just increased all GIC rates, including 3.95% for 1 year, 18 months and 2 years.
8:31 am
September 16, 2022
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Their savings rate is back to 3% as well.
11:14 am
September 16, 2022
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18 month GIC is 3.70% same as 1 year rate.
GR said
For those who are comfortable with Wealth One, they just increased all GIC rates, including 3.95% for 1 year, 18 months and 2 years.
They've lowered to 3.70% now including the 18 month term.
5:42 pm
December 20, 2016
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Effective April 25, 2025, W1 increases some GIC rates along with the HISA rate to 3.1% from the previous 3.0%, notably the 5 year rate of 4.00%
Term 1 year 18 months 2 years 3 years 4 years 5 years
Rate 3.70% 3.70% 3.70% 3.75% 3.70% 4.00%
They also inform that they have changed their email domain from @wealthonecanada.com to @wealthonebank.ca
Stephen
11:40 am
January 12, 2019
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Dean said
.
Thanks for that ⬆, GR ... but it's No-Can-Do for me !With W1BoC 'Still' unable to turn a profit, and being partially owned by operatives with ties to a Communist Dictatorship, they won't see even a Nickel of mine.
'Scruples' trumps high interest rates and CDIC coverage ... Any Day ❗
Dean
No change here ... but some just couldn't care less.
'Caveat Emptor'
- Dean
" Live Long, Healthy ... And Prosper! "
12:30 pm
September 7, 2018
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Dean said
No change here ... but some just couldn't care less.
'Caveat Emptor'
Dean
I used to think "no way" to WealthOne because of the various points that keep being repeated. But the bottom line for interest earners is, that Canada's very generous CDIC insurance is right there to compensate Canadian depositors if necessary re funds on deposit. Most people on this blog just want the highest interest rate (without thinking of political/geopolitical issues) so maybe W1 does the job for them and there is really no risk if one stays within insurance limits. Remember it was a recent Canadian Govt who approved giving this Bank a chance to establish itself, provide competition and cater to some ethnic groups. Hopefully OSFI is doing a decent monitoring role re compliance.
3:53 pm
November 19, 2022
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canadian.100 said
I used to think "no way" to WealthOne because of the various points that keep being repeated. But the bottom line for interest earners is, that Canada's very generous CDIC insurance is right there to compensate Canadian depositors if necessary re funds on deposit. Most people on this blog just want the highest interest rate (without thinking of political/geopolitical issues) so maybe W1 does the job for them and there is really no risk if one stays within insurance limits. Remember it was a recent Canadian Govt who approved giving this Bank a chance to establish itself, provide competition and cater to some ethnic groups. Hopefully OSFI is doing a decent monitoring role re compliance.
Very generous? In the US it’s $350k CAD
The FDIC provides deposit insurance to protect your money in the event of a bank failure. Your deposits are automatically insured to at least $250,000 USD at each FDIC-insured bank.
4:18 pm
September 7, 2018
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UkrainianDude said
Very generous? In the US it’s $350k CAD
The FDIC provides deposit insurance to protect your money in the event of a bank failure. Your deposits are automatically insured to at least $250,000 USD at each FDIC-insured bank.
So use a Credit Union and you will have 250K coverage.
or use 2 Banks and you will have 200K.
This is Canada, not the US.
9:16 am
January 12, 2019
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canadian.100 said
I used to think "no way" to WealthOne because of the various points that keep being repeated. But the bottom line for interest earners is, that Canada's very generous CDIC insurance is right there to compensate Canadian depositors if necessary re funds on deposit. Most people on this blog just want the highest interest rate (without thinking of political/geopolitical issues) so maybe W1 does the job for them and there is really no risk if one stays within insurance limits. Remember it was a recent Canadian Govt who approved giving this Bank a chance to establish itself, provide competition and cater to some ethnic groups. Hopefully OSFI is doing a decent monitoring role re compliance.
For myself (and some others) ... the operative word here is; 'Scruples'.
O & O,
- Dean
" Live Long, Healthy ... And Prosper! "
12:43 pm
September 11, 2013
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Dean, for some time now you've said it every time Wealth One is brought up, you have scruples and those of us who deal with Wealth One lack scruples.
It's true, not all of us have purged our homes and possessions of every possible part that might contain something from Communist China like you no doubt have but it's ok, we get your view of those who deal with Wealth One, we really do get it, you can stop any time you get tired of the virtue signaling.
To me, Wealth One has given some very good returns in the fixed income portion of my portfolio, they have regular category-leading GIC promo rates like at Chinese New Year, etc so I'm happy to scoop them up when they come up. And whenever I've had to call them they've been top notch too.
With the caveat never to exceed CDIC limits, of course.
12:51 pm
November 19, 2022
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canadian.100 said
So use a Credit Union and you will have 250K coverage.
or use 2 Banks and you will have 200K.
This is Canada, not the US.
Don’t use the word generous then
Please write your comments in the forum.