10:46 am
March 30, 2017
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
12:56 pm
October 21, 2013
2:29 pm
September 15, 2017
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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