[Scam] GIC Trust. Highest GIC rates offered | Page 2 | GIC discussions | Discussion forum

bigzim said
Take a look at below. Looks good to me. I am having difficulty importing the brochures.

Begin forwarded message:

From: Robert Morris
Date: February 9, 2022 at 12:25:35 PM EST
Subject: Guaranteed Investment Certificates (GICs) - UBS Bank Canada
Reply-To: r.morris@ubs-eng.com

Dear [name removed],

Below you will see the current GIC rates available to UBS Bank clients.

There is also a link to our company website below so you can familiarize yourself with UBS Bank Canada and fully understand and appreciate the value we offer our clients when choosing to work with an institution as well established as UBS Bank Canada.

http://www.ubs.ca

Attached is an in-depth brochure regarding investing in GIC's covering everything from start to finish that you need to know when investing into a GIC.

To purchase one of our current GIC's you will be required to open an account with UBS Bank Canada. There is no charge for opening an account with UBS Bank Canada.

1 Year - Non-Registered GIC

Rate of Return: 2.5% P.A.
SGC Guaranteed Investment Certificate - Non-Registered GIC
Term Offered: 1 Year
100% principal protection - CDIC Deposit Insurance
Quarterly annually, or compounded annually and paid at maturity

2 Year - Non-Registered GIC

Rate of Return: 2.75% P.A.
SGC Guaranteed Investment Certificate - Non-Registered GIC
Term Offered: 2 Year
100% principal protection - CDIC Deposit Insurance
Quarterly annually, or compounded annually and paid at maturity

3 Year - Non-Registered GIC

Rate of Return: 3.5% P.A.
SGC Guaranteed Investment Certificate - Non-Registered GIC
Term Offered: 3 Year
100% principal protection - CDIC Deposit Insurance
Quarterly annually, or compounded annually and paid at maturity

4 Year - Non-Registered GIC

Rate of Return: 3.75% P.A.
SGC Guaranteed Investment Certificate - Non-Registered GIC
Term Offered: 4 Year
100% principal protection - CDIC Deposit Insurance
Quarterly annually, or compounded annually and paid at maturity

5 Year - Non-Registered GIC

Rate of Return: 4.15% P.A.
SGC Guaranteed Investment Certificate - Non-Registered GIC
Term Offered: 5 Year
100% principal protection - CDIC Deposit Insurance
Quarterly annually, or compounded annually and paid at maturity

Eligible deposits are automatically covered to a limit of $100,000 per insured category at each CDIC member financial institution. Members include banks, federally regulated credit unions, as well as loan and trust companies and associations governed by the Cooperative Credit Associations Act that take deposits.

Why UBS?

With over 150 years of experience in global investment management, we’ve experienced a lot of different clients and situations. We know how important it is to respond quickly to market events to protect and grow your money. Our aim is to become a reliable partner who really understands you, and who’ll be there for you long term. You need more than just a bank. You need a companion to help you through all of life's ups and downs.

--
Best regards,

Robert Morris
Senior Investment Banker
Bonds & GICs | UBS Bank Canada

(437) 889 - 0795

http://www.ubs.ca

154 University Ave #800, Toronto, ON, M5H 3Z4

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Seriously, dont fall for fake docs like that just because it looks legit or even worse cuz it looks "good".

Already said it before, no legit bank will offer those rates "right now". It does not matter whether the conversation with the "contact" or whatever they send looks legit. Need to have that spider senses and trust it.

dougjp said
And, no bank in the past 5 years or more would have a "http" url. I'm surprised the con artists are that stupid.  

It's a numbers game. Certain percentage would buy into anything, usually driven by wishful thinking.