Brokerage gic rates | GIC discussions | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Brokerage gic rates
May 26, 2018
11:04 am
christinad
Member
Members
Forum Posts: 320
Member Since:
October 15, 2015
sp_UserOfflineSmall Offline
Go to Top
1sp_Permalink sp_Print

I was just looking at gic rates for td direct investing and they are pretty good. 2 year is 2.75 and 3 year is 3% for equitable bank. I guess the trade off is it is 25.00 for partially withdrawing your rrsp. Still its nice to have everything together. I guess equitable may end up decreasing their rates down the road too.

May 26, 2018
11:15 am
Norman1
Member
Members
Forum Posts: 7135
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
Go to Top
2sp_Permalink sp_Print

The customary brokerage commission for a GIC is ¼% for each year of the term of the GIC.

The Equitable Bank GIC rates (through a deposit broker) compared to the EQ Bank GIC rates (direct to consumer) appear to reflect that.

May 26, 2018
11:15 am
Loonie
Member
Members
Forum Posts: 9384
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline
Go to Top
3sp_EditHistory sp_Permalink sp_Print

There will be another announcement about the Bank of Canada rate in a couple of days. Watch for it!
Personally, I doubt it will change at this time, but you never know.

May 30, 2018
11:43 am
Pipersierra
Member
Members
Forum Posts: 34
Member Since:
March 11, 2018
sp_UserOfflineSmall Offline
Go to Top
4sp_Permalink sp_Print

Itrade is offering 2.4, 2.79, 3.00, 3.08 and 3.24 from various banks with a 1k minimum. 5k min is slightly higher in some years. As OP said, not too bad.

May 31, 2018
9:06 am
Pipersierra
Member
Members
Forum Posts: 34
Member Since:
March 11, 2018
sp_UserOfflineSmall Offline
Go to Top
5sp_Permalink sp_Print

Itrade is offering 2.37, 2.79, 2.98, 3.08 and 3.22 from various banks with a 1k minimum. 5k min is slightly higher in some years. The rates have slipped today. interesting.

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.