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Email this10:46 am
March 30, 2017
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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....
11:10 am
January 12, 2019
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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. 
'To Each Their Own'
- Dean
" Live Long, Healthy ... And Prosper! "
12:56 pm
October 21, 2013
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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.
2:29 pm
September 15, 2017
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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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