GIC Wealth Management Broker Rates | Page 12 | GIC discussions | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
Page: 1Jump to page %PAGE% of this topic 89101112Jump to page
sp_Feed Topic RSS sp_TopicIcon
GIC Wealth Management Broker Rates
January 27, 2023
11:31 am
canadian.100
Member
Members
Forum Posts: 975
Member Since:
September 7, 2018
sp_UserOfflineSmall Offline
Go to Top
221sp_Permalink sp_Print

HermanH said
Kevin Rotenberg just got the rate sheet for next week and rates are dropping significantly. 1-yr to 5% from 5.35% and worse. If you want something, you better get it to him today.  

Not surprised - we know rates have plateaued and have started to go lower. I noted earlier in the week that Scotiabank GIC rates on iTrade site have dropped to 1 year 4.9, 2 year, 4.44, 3 year 4.27, 4 year 4.17, 5 year 4.12. Just recently 1 year Scotiabank on iTrade site was @ 5.05%. Highly likely that rates from other FIs will also be under 5% by end of February. HISA rates also likely have peaked.

January 27, 2023
11:53 am
HermanH
Member
Members
Forum Posts: 1242
Member Since:
April 14, 2021
sp_UserOfflineSmall Offline
Go to Top
222sp_Permalink sp_Print

Got my request into GWealth just under the wire. Had to ask DUCA to do a direct pull from my HSBC account. Hope that it goes through. I'm just glad that DUCA is willing to take a direct withdrawal with a void cheque, as a paper cheque would not have arrived in time. As I understand it, not many institutions are willing to accommodate purchasers by allowing direct withdrawal of funds.

January 28, 2023
7:27 am
savemoresaveoften
Member
Members
Forum Posts: 2994
Member Since:
March 30, 2017
sp_UserOfflineSmall Offline
Go to Top
223sp_Permalink sp_Print

HermanH said
Kevin Rotenberg just got the rate sheet for next week and rates are dropping significantly. 1-yr to 5% from 5.35% and worse. If you want something, you better get it to him today.  

wonder if broker rates are down universally next week or just 1y and 2y rates ?

January 30, 2023
10:15 am
canadian.100
Member
Members
Forum Posts: 975
Member Since:
September 7, 2018
sp_UserOfflineSmall Offline
Go to Top
224sp_EditHistory sp_Permalink sp_Print

HermanH said
Kevin Rotenberg just got the rate sheet for next week and rates are dropping significantly. 1-yr to 5% from 5.35% and worse. If you want something, you better get it to him today.  

There don't seem to be any rate changes so far on GIC Wealth site today Mon Jan 30.

January 30, 2023
10:29 am
Loonie
Member
Members
Forum Posts: 9391
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline
Go to Top
225sp_EditHistory sp_Permalink sp_Print

four and five years are down significantly

January 30, 2023
10:41 am
HermanH
Member
Members
Forum Posts: 1242
Member Since:
April 14, 2021
sp_UserOfflineSmall Offline
Go to Top
226sp_EditHistory sp_Permalink sp_Print

canadian.100 said
There don't seem to be any rate changes so far on GIC Wealth site today Mon Jan 30.  

I think that he was quoting for my situation in Alberta. The Y1 5.53% rate is not available to me.

[edit] My mistake. I called and he was able to get me 5.53% for 1-yr with East Coast CU.

No permission to create posts
Page: 1Jump to page %PAGE% of this topic 89101112Jump to page
sp_Feed All RSS
Go to top

Please write your comments in the forum.