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Email this9:51 am
September 20, 2022
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Fixed Rates
1 YEAR 4.15%
2 YEAR 4.45%
5 YEAR 4.75%
Cashable Rate
2 YEAR 3.65%
10:03 am
August 9, 2014
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just to let you know that their Peterborough branch will be closing shortly.
11:56 am
September 20, 2022
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Thanks for this, I am a Peterborough member. It seems like they will be able to service all of us from their other branches, I am not concerned about this closure.
They have also kept on all of their staff from ptbo, which to me is very encouraging and tells me a lot about how they treat their staff.
Either way the rates are competitive.
5:21 am
September 30, 2017
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6 month 5.25% 
9:07 am
September 20, 2022
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5.25% 6 Month GIC, TFSA, RRSP
4.95% 18 Month GIC, TFSA, RRSP 
12:21 pm
March 16, 2018
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This FI is barely profitable. Is it safe?
12:23 pm
September 20, 2022
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See the link above, Credit Unions are insured up to $250k...
8:13 am
September 20, 2022
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4.00% for 4 years CASHABLE
3.85% 3 years CASHABLE
3.40% high interest rate savings account ( first 6 months )
11:10 am
March 15, 2019
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I tried to open an account with them about 3-4 years ago. They said it had to be done in person (can't be done remotely).
Has anyone successfully opened an account with them remotely?
11:26 am
September 20, 2022
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Since the pandemic, they now offer remote options for opening accounts, they have followed suit with other Credit Unions...
They released a new rate today:
4.75 18 months fixed
Think the cashable rates are still effective also...
5:14 am
November 29, 2018
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Recently came across Ganaraska, was looking for some short term investing…initially 6 months but I now see they have a 9 month at 5.25%
For anyone interested, their current rates are:
5.25% 9 months fixed
4.30% 1 year CASHABLE
5.75% high interest savings for the first 5 months.
6:02 pm
March 15, 2019
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mel78 said
Since the pandemic, they now offer remote options for opening accounts, they have followed suit with other Credit Unions...
Last time (2-3-4 years ago) they said I had to appear in person to open an account. But they are in a small town (forgot the name of the town) as I recall.
Question: How safe are they? Are they guaranteed up to $250,000?
8:22 am
November 7, 2014
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COIN said
Last time (2-3-4 years ago) they said I had to appear in person to open an account. But they are in a small town (forgot the name of the town) as I recall.
Question: How safe are they? Are they guaranteed up to $250,000?
They are covered for $250,000 by FSRA ( https://www.fsrao.ca/consumers/credit-unions-and-deposit-insurance/find-credit-union-or-caisses-populaires-ontario?combine=ganaraska&field_credit_union_status_value=All ) We have used them for many years. Speak to Sarah Mitchell in Port Hope. She is the branch manager.
1-888-374-1717 ext 200 . Other branch is in Cobourg.
9:17 am
March 15, 2019
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gicjunkie said
They are covered for $250,000 by FSRA ( https://www.fsrao.ca/consumers/credit-unions-and-deposit-insurance/find-credit-union-or-caisses-populaires-ontario?combine=ganaraska&field_credit_union_status_value=All ) We have used them for many years. Speak to Sarah Mitchell in Port Hope. She is the branch manager.
1-888-374-1717 ext 200 . Other branch is in Cobourg.
Thanks. Might be worthwhile for me to contact them again if I don't need to appear in person. Port Hope and Cobourg are not in my normal travel pattern.
5:34 pm
September 30, 2017
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7-month term 5.80%, new money special.
8:16 am
September 20, 2022
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5.80%, 7 months
5.60% 18 months
5.55% 1 Year
Can open the account online.
Its worth mentioning that although they may be offering a few Bps lower than other online brokerages, its quite worth the service. You can actually talk to a real person...I might do the 18 months, thoughts?
5:04 pm
October 21, 2013
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mel78 said
5.80%, 7 months
5.60% 18 months
5.55% 1 YearCan open the account online.
Its worth mentioning that although they may be offering a few Bps lower than other online brokerages, its quite worth the service. You can actually talk to a real person...I might do the 18 months, thoughts?
Make sure you have figured out how you will get the money out when GIC matures before you buy it. Ganaraska doesn't set up links from their end as far as I know, and their chequing accounts cost about $5-$6 /month, no seniors discount that I know of. You can set up a link from Tangerine if you have account there and an unused link.
5:12 pm
September 20, 2022
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Thanks for this…I am going to call them tomorrow and find out about cashing out at maturity…I read an article that their CEO changed 3 years ago and from what I can tell some of their technology has advanced and so this might speak to the concern of getting the money at the end…I have been following this Credit Union for some time now. They look positive I will report back tomorrow
7:23 pm
April 6, 2013
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It is hard to justify starting to pay Ganaraska CU $5/month in account fees for those GIC rates.
One can get better rates easily if one already has a BMO InvestorLine or Scotia iTRADE discount brokerage account.
Multiple issuers were paying 5.75% on one-year GIC's and 5.72% on two-year GIC's today at BMO InvestorLine. At Scotia iTRADE, the best payers were 5.72% on both one-year and two-year GIC's.
10:07 pm
October 21, 2013
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There is no need to have or open a trading account at BMO etc. for this GIC.
First, mel78 has stated clearly that he values the quality of phone service at Ganaraska highly and that rate is not the only factor being considered.
Second, to the extent that rates are a factor, these trading acounts are not at the top of the heap by any means. One will do better at Oaken, Motive, WealthOne etc (~6%); or, even better, through a deposit broker (up to 6.19%), depending on convenient access to deposit broker and minimum deposit requirements, for one or two year non-registered GICs. We don't know if he's looking for registered or non-registered.
Also, a Ganaraska member need not open a chequing account with monthly fee in order to withdraw funds. As I said above, you can withdraw through Tangerine (and probably some others but never the big banks) - you just need to find a route that works for you. I did so last month at no cost. I was just warning him to make sure he has cleared his exit route and not to sign up for a fee-based chequing account that he doesn't need.
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