1 year GIC rate drops to 5.35% | EQ Bank | Discussion forum

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1 year GIC rate drops to 5.35%
March 12, 2024
8:36 am
Rail Baron
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Looks like the 1 year rate on a GIC dropped from 5.5% to 5.35% overnight.

March 12, 2024
9:07 am
for interest sake
Ontario
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Talk about timing. I just moved money in yesterday morning. Glad I called to lock-in the 5.5% 1-year rate while my funds are on hold.

March 12, 2024
9:24 am
AltaRed
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It looks like EQ was an outlier at 5.5% so it is not at all surprising. Those 15bp are far better off placed in EQ's NIM for the next quarterly results.

March 12, 2024
10:01 am
Dean
Valhalla Mountains, British Columbia
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Lucky Her . . .

My Wife bought an EQ 1yr GIC yesterday afternoon @ 5.50%. sf-smile

I warned her that afternoon that she'd better Grab it while she can, before it goes Down ... and sure enough, it did ... the very next day! LOL

    Dean

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

March 12, 2024
12:19 pm
victor6433
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Dean said
.
Lucky Her . . .

My Wife bought an EQ 1yr GIC yesterday afternoon @ 5.50%. sf-smile

I warned her that afternoon that she'd better Grab it while she can, before it goes Down ... and sure enough, it did ... the very next day! LOL

    Dean

  

Yes Dean.. you are always perfect in situation like this.. it's like you have the crystal ball in hand @ all-times..

March 12, 2024
1:31 pm
Dean
Valhalla Mountains, British Columbia
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FINALLY ⬆ ... the recognition I Deserve ... LOL sf-laugh

But how did he know about my Crystal Ball ❓❗

Chill Victor... and have a Snickers, eh.

    Dean

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

March 12, 2024
1:40 pm
UkrainianDude
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Dean said
.
Lucky Her . . .

My Wife bought an EQ 1yr GIC yesterday afternoon @ 5.50%. sf-smile

I warned her that afternoon that she'd better Grab it while she can, before it goes Down ... and sure enough, it did ... the very next day! LOL

    Dean

  

Yeah, ~0.10% after taxes difference is going to make her significantly richer. Lol.

March 13, 2024
7:02 am
phrank
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UkrainianDude said

Yeah, ~0.10% after taxes difference is going to make her significantly richer. Lol.  

That ~0.10% after taxes will make her richer than your comment sf-laugh

March 13, 2024
9:20 am
Dean
Valhalla Mountains, British Columbia
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Yes Phrank ⬆ ... it seems we have a couple of Grumpoes come out of the woodwork. I guess they're having a Bad Day. sf-cry

Maybe tomorrow will be better for them.

    Dean

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

March 13, 2024
7:53 pm
UkrainianDude
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Dean said
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Yes Phrank ⬆ ... it seems we have a couple of Grumpoes come out of the woodwork. I guess they're having a Bad Day. sf-cry

Maybe tomorrow will be better for them.

    Dean

  

Having a good or bad day has nothing to do with it.
If your wife bought 10k GIC that’s 10 loonies per annum with 0.1% . Nothing to brag about.

March 13, 2024
8:00 pm
phrank
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Dean said
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Yes Phrank ⬆ ... it seems we have a couple of Grumpoes come out of the woodwork. I guess they're having a Bad Day. sf-cry

Maybe tomorrow will be better for them.

    Dean

  

Lol, it's Grumpflation. You can't even make statements on the interwebs anymore without Grumpflation hitting you.

Let me be the first to congratulate your wife on the 10 extra snicker bars she'll be able to buy with that moolah!!! sf-smile

March 14, 2024
12:59 pm
Dean
Valhalla Mountains, British Columbia
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    "Grumpflation" ⬆

I like it sf-smile ... Well Done, Phrank ❗

    Dean

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

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