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Email this12:04 pm
November 7, 2014
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According to today's DUCA website info:
1 Year 4.75%
18 Month 4.80%
2 Year 4.50%
3 Year 4.25%
4 Year 4.50%
5 Year 4.50%
1:56 pm
September 15, 2017
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Depending on amount(s) of your GIC investment(s), a CSR at a Duca branch can request from head office a "rate exception" for GIC rates higher than posted rates.
3:46 am
March 30, 2017
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How much leeway do they have ? 10bps I presume ?
That’s what Meridian will give on top of posted rates for someone who is renewing a GIC.
9:46 am
November 7, 2014
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GR said
Depending on amount(s) of your GIC investment(s), a CSR at a Duca branch can request from head office a "rate exception" for GIC rates higher than posted rates.
I am unsure about the relevance of this kind of question when the FI discussed herein actually is quoting the highest category rate already. Usually the "rate exception" type of request is made when asking a FI to match or exceed another institution's rate. Just saying.......
11:15 am
May 24, 2016
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Duca matched Oaken’s 5.05%, 2 year term, when I requested it last week.
12:22 pm
November 7, 2014
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JenE said
Duca matched Oaken’s 5.05%, 2 year term, when I requested it last week.
And this is where "price matching" is relevant. I guess I was unclear when I posted the current DUCA rates that I was highlighting the 4 and 5 year rates which are the current highest category rates in play that I am aware of. Those rates don't have to be matched or exceeded. But, it is always good to ask a FI if they are willing to match or exceed another FI rate in order to obtain new investments or just keep your existing business. Some institutions are actually well known for this. Others don't seem to care.
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