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Email this12:53 pm
November 7, 2014
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Found this site a while back. Shows the best GIC rates in Canada whether they are national or just local to provinces/communities. It shows Equity CU in Ontario as having the best current 5 year GIC rate @ 2.10%, plus other FIs located across Canada. Also gives some background info about the FIs. Enjoy!
https://walletbliss.com/best-gic-rates-in-canada/#Best_GIC_Rates_for_5-year_Term
1:33 pm
January 12, 2019
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.
Thanks for the link, Gicjunkie 
I'll take a closer look at it later, but a quick look-through seems to indicate it's a 'One Man Show' (Simon Ikuseru) ... but the site seems to have a fair amount of resources ❗
FWIW, this is the Home page for WalletBliss ➡ https://walletbliss.com/
Ciao for now,
- Dean
" Live Long, Healthy ... And Prosper! "
1:33 pm
December 20, 2016
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Thanks for bringing this site to our attention, again highlighting the importance of considering the source for any information on the internet.
It's clear that site is not a all objective in their "recommendations" as they disclose you in their "fine print":
Some of our articles/posts may contain references to products or services from one or more of our advertisers or partners. We may receive compensation when you click on links to those products or services.
....as is evidenced with their glowing recommendation of EQ Bank in their highlighted and bolded partner link:
For the best savings account rate, check out EQ Bank to get 1.50% on non-registered savings or 2.30% on the TFSA and RRSP accounts.
....ignoring Canadian Tire Bank that currently pays 1.8% and several other FI's including Motive that pay 1.55%, all higher than their best recommendation.
They also ignore other offers for odd term GIC's such as Oaken's 1.6% for 18 months as well as other CU's with their own odd term offers.
If kickback commissions influence their recommendations, I'll stick with this Forum where a true and unbiased picture is presented and scrutinized by savvy Forum members .
Stephen
3:58 pm
October 27, 2013
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Best doesn't necessarily mean 'highest rate'. Best could be a combination of rates, features and site navigation. That said, conflicts of interest abound.
6:04 pm
October 21, 2013
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Does anyone know how reliable the rates are on this site? Is it a kind of referral system, where you get some of these rates through linking to them? Can we know if they updated whenever there is a change?
I like the idea though that they will cover rates at any FI, be it national or local.
6:07 pm
October 21, 2013
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AltaRed said
Best doesn't necessarily mean 'highest rate'. Best could be a combination of rates, features and site navigation. That said, conflicts of interest abound.
That's a great pun, but not sure if you intended it! There are a lot of conflicting interest rates out there, depending on where you look!
7:45 pm
November 7, 2014
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To me, this is just an additional source of information to check out when shopping for a GIC and I don't really care who is profiting from providing the details. You must always confirm rates with the institutions prior to committing to an investment, no matter what site you may be using for reference. I never rely on just one source to provide me with investment information. No one site provides details of all GICs available at any point in time. As an example, those odd-term GIC's make life difficult for people like Peter to keep track of and I don't expect him to try. I actually do expect to have to do some of the research legwork myself. It's just nice when we help each other out by revealing the special rates we uncover, especially under the current market conditions.
11:18 pm
October 21, 2013
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This website now shows the following for Equity CU, 1-5 yrs:
1.30 1.50 1.75 1.80 1.90.
This is consistent with Equity's website.
9:48 am
November 19, 2014
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Thanks for posting it, gicjunkie. You always seem to suss out good stuff.
"To me, this is just an additional source of information to check out when shopping for a GIC and I don't really care who is profiting from providing the details"
Agreed. Caveat Emptor. I'm always interested in new additional sources of information especially for those of us who don't need every little detail spoon fed to us.
9:54 am
January 12, 2019
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gicjunkie said
To me, this is just an additional source of information to check out when shopping for a GIC and I don't really care who is profiting from providing the details. You must always confirm rates with the institutions prior to committing to an investment, no matter what site you may be using for reference. I never rely on just one source to provide me with investment information. No one site provides details of all GICs available at any point in time. As an example, those odd-term GIC's make life difficult for people like Peter to keep track of and I don't expect him to try. I actually do expect to have to do some of the research legwork myself. It's just nice when we help each other out by revealing the special rates we uncover, especially under the current market conditions.
Well worth repeating ⬆ ❗
Like most things in life, CYA.
And . . .
- Dean
" Live Long, Healthy ... And Prosper! "
8:27 am
November 7, 2014
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Loonie said
This website now shows the following for Equity CU, 1-5 yrs:
1.30 1.50 1.75 1.80 1.90.
This is consistent with Equity's website.
Rate is still 2.10% for 5 years. Don't know for sure about the rest. The CANNEX site rates are likely correct. 1 year 1.6000% 2 years 1.7000% 3 years 1.8000% 4 years 1.9000% 5 years 2.1000%.
Sometimes company websites don't show special promo rates. Don't know why.
3:44 am
October 21, 2013
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I guess they just like to keep us working harder - and keep their phones ringing. Maybe they get lonely under covid rules!
I might nibble if they still have this on offer in April or May.
12:04 pm
April 6, 2013
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Loonie said
This website now shows the following for Equity CU, 1-5 yrs:
1.30 1.50 1.75 1.80 1.90.
This is consistent with Equity's website.
gicjunkie said
Rate is still 2.10% for 5 years. Don't know for sure about the rest. The CANNEX site rates are likely correct. 1 year 1.6000% 2 years 1.7000% 3 years 1.8000% 4 years 1.9000% 5 years 2.1000%.
Sometimes company websites don't show special promo rates. Don't know why.
Equity CU has a history of inconsistency in the rates they show on their own web site, they update on CANNEX, and they put on the banners and signs outside their branch.
Back in July 2020, their one year GIC was 1.30% on their own web site, 2.05% on CANNEX, and 2.65% on a banner outside their branch. 
1:20 pm
September 15, 2017
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Quote from Norman 1 above:
"Equity CU has a history of inconsistency in the rates they show on their own web site, they update on CANNEX, and they put on the banners and signs outside their branch.
Back in July 2020, their one year GIC was 1.30% on their own web site, 2.05% on CANNEX, and 2.65% on a banner outside their branch."
Translation: Their GIC rates are somewhat negotiable!
4:00 pm
October 21, 2013
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My experience with Equity CU is not that their rates are negotiable. I was refused an advertised rate once, which they said had been discontinued. I didn't find this too surprising as the rate was unusually high.
They do have rate specials, as do most FIs. Typically, these have criteria. The last one I was aware of required $100,000 minimum of new money. Later, with a lower rate, the minimum went to 250K.
The 2.65 rate that Norman referred to had a minimum, which increased over time. If memory serves, it was 100K new money when they discontinued it.
As Norman suggests and as was noted on this forum once before, Cannex depends on the FIs to submit their rates. If the FI doesn't submit updates, then they don't get changed. There is no independent monitoring that I know of. I dropped the habit of checking Cannex because I found rates were not always reliable, but that doesn't mean you might not fid somehtin worthwhile there.
11:48 am
March 19, 2017
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Another site...
1:21 pm
September 15, 2017
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Sonz said
Another site...
Just a reproduction of Cannex website.
1:22 pm
December 20, 2016
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Sonz said
Another site...
Which is a re-hash of Cannex:
http://www.cannex.com/public/t.....rm02e.html
Stephen
7:02 pm
January 12, 2019
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Sonz said
Another site...
GR said
Just a reproduction of Cannex website.
Nehpets said
Which is a re-hash of Cannex:
http://www.cannex.com/public/t.....rm02e.html
Stephen
Give your heads a shake, Folks❗ The Cannex GIC Chart is just the 'Tip-Of-The-Iceberg' for that Baystreet website.
Take Notes ➡ https://www.baystreet.ca/
- Dean
" Live Long, Healthy ... And Prosper! "
4:43 am
January 9, 2011
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Dean said
GR said
Just a reproduction of Cannex website.
Nehpets said
Which is a re-hash of Cannex:
http://www.cannex.com/public/t.....rm02e.html
Stephen
Give your heads a shake, Folks❗ The Cannex GIC Chart is just the 'Tip-Of-The-Iceberg' for that Baystreet website.
Take Notes ➡ https://www.baystreet.ca/
Dean
What is this? 'Give your heads a shake'? 'take notes'?
The Subject is alternative GIC sites, people comment on topic.
Pretty offensive, are you a shareholder of baystreet and trying to promote same? baystreet in this case did nothing/added nothing.
It was taken directly from cannex. The page source proves it;
< iframe src=" https: //www.cannex.com/canada/english/term/term02. html "
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