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GIC broker rates inch higher but $100k min req
April 10, 2023
10:46 am
savemoresaveoften
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GIC broker rates have been slowly grinder higher past couple of weeks, but looks like most of them are min. $100k required. Wonder how much lower the rate will be if its more nominal amount of say $25k. Personally not a fan of locking $100k a clip regardless of maturity. Or Maybe I just too poor....

April 10, 2023
11:10 am
Dean
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.
Ditto that

Except for real estate, my comfort zone pretty much ends at $100K per investment ... I much prefer lesser amounts (e.g. $50K, etc.).

IMHO, $100K+ is for the High Rollers here. sf-wink

'To Each Their Own'

    Dean

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

April 10, 2023
12:56 pm
Loonie
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I can live with 100K if the rate is good enough and if it's insured, but would prefer more flexibility.

I don't know who the issuer is, but would not do this with CDIC as none of the interest would be insured. 75K would be more reasonable minimum for CDIC-insured deposits.

April 10, 2023
2:29 pm
GR
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Loonie said
I can live with 100K if the rate is good enough and if it's insured, but would prefer more flexibility.

I don't know who the issuer is, but would not do this with CDIC as none of the interest would be insured. 75K would be more reasonable minimum for CDIC-insured deposits.  

1 Yr. GIC at 5.40% for $100K might be with Equity C.U. (source: Cannex).

With GIC brokers today for 1 year for lesser amounts, Wealth One Bank is 5.38% and WFCU is 5.35%.

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