Top Rate as of 07MAR2014 | General comparisons | Discussion forum

There are so many threads it's hard to see what is really out there as far as top rate offerings any more. Too much chatter on FI's that pay low rates! I know there are some really good sites like Rates Supermarket http://www.ratesupermarket.ca/.....gic_rates/
which shows that Oaken seems to have the best short term GIC rates and Implicity has the best 1 to 6 year GIC rates, but I sometimes wonder if these sites are all inclusive. I'm sure they pay for advertising on these types of sites. And I know that FI's also have to pay to have their rates show on Cannex. So don't always assume that what is shown on even Cannex is all encompassing.

From what I can tell, the top savings accounts are Implicity, Accelerate and CDF at 1.90%. They each have there own nuances with ability to move funds, service fees, etc. But they are by far the best out there. Accelerate has just increased theirs to 1.90% but Implicity and CDF have been there for quite some time.

As for GIC's, the top rates, as many of you can predict, are the various Manitoba credit union offerings. Implicity has had the best rates for several months now but recently Accelerate, Achieva, Outlook, and Maxa have increased their rates to, for the most part, match Implicity. There are many that move their rates up and down for no apparent reason but for the most part, the above offerings are usually quite consistent. Implicity has only been around for a little more than a year now but they have been the most predictable and top of market ever since they came out. While this statement is fact, a word of warning is that I am a proud Implicity member so I may be a bit biased. I know they are a bit tardy with the EFT service offering but I'd rather they take their time and do it right than have a rushed effort and offer us something that doesn't work right. If it was easy everyone would already have it. Given the high quality of everything else they do, I'm sure their EFT service will be worth waiting for. (I hope).

There will be the odd special, etc., offered by many bricks and mortar FI's but my findings have been limited to virtual offerings as they tend to be the highest rates and obviously the easiest to become a member/customer of. I don't intend to update this list every day or week but others can chime in with what they also see. But SD2013, if you are reading this, please don't clutter this thread up with strip bond info or sub-par offerings. Please, please, please.