WealthOne Bank 1 yr and 2 yr GICs up to 6% | Wealth One Bank of Canada | Discussion forum

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WealthOne Bank 1 yr and 2 yr GICs up to 6%
December 11, 2023
7:27 pm
althisa
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WealthOne Bank 1 yr and 2 yr GICs up to 6%
Up from 5.98% from the last check but still one of the few FIs left with 6% GICs
https://www.wealthonebankofcanada.com/Invest/GICs

Screen-Shot-2023-12-11-at-10.24.31-PM.png

December 12, 2023
8:51 am
Dean
Valhalla Mountains, British Columbia
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.
Nice rates ⬆, of course ... But I wouldn't touch W1BoC with a 10' pole ❗

They can keep 'em sf-confused

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

December 12, 2023
10:20 am
canadian.100
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I note today some of the GIC brokers are now selling 1 year @ 6.17 and 6.18.
Would not be surprised if these are also WealthOne Bank.

December 12, 2023
10:38 am
semi-retired
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Today a 2 yr. GIC at Scrivens Broker Ottawa is 6.14% with Windsor Family Credit Union.

December 12, 2023
11:43 am
NorthernRaven
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canadian.100 said
I note today some of the GIC brokers are now selling 1 year @ 6.17 and 6.18.
Would not be surprised if these are also WealthOne Bank.  

https://www.financialservicesgroup.net/gic-rate-sheet
The 6.17/6.18% might be Credit Union Atlantic and East Coast Credit Union, respectively, at $25,000 minimums (take 10bps off those rates for $10,000 minimums).

Interestingly, it looks like Wealthsimple may be offering higher rates (and at $1000 minimums) to their direct customers than to the GIC broker channel.

January 3, 2024
11:53 am
lovejennifer
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I see the 18-month term is also 6% which is good. Anyone knows if there's an email to go for rate update reminder? I think the 18-month rate for both this bank and Tangerine are incorrect.

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