Heads Up - Hubert lowering rates *tomorrow* Feb. 8 | GIC discussions | Discussion forum

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Heads Up - Hubert lowering rates *tomorrow* Feb. 8
February 7, 2012
9:14 am
Jim
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I checked Hubert's GIC rates today, and noticed a drop. For example, the 5 year 3.55% rate drops to 3.25%. But I noticed it read rates effective Feb. 8. Today being Feb. 7th, I decided to try opening a new GIC and see what the rate was. Sure enough, still 3.55%. So thanks Hubert for the advance notice, very kind of you.

February 7, 2012
1:58 pm
Yatti420
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I doubt they will drop the HISA rate any lower.. GICs I think they were still #1.. After tomorrow I guess that could be changing..

February 7, 2012
8:43 pm
guest
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That's it! I'm outa there!

February 7, 2012
9:56 pm
Yatti420
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Still tied for first according to this chart.. http://money.canoe.ca/rates/gi.....ugh_5.html

February 8, 2012
9:52 am
Jim
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My point yesterday though is that they gave a day's notice before dropping the GIC rates, whether they intended to or not. I haven't seen any other financial institution ever do so, GIC rates always just change with no notice, at least in my experience. I took advantage of it.

February 8, 2012
11:37 am
Yatti420
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Yes, Agreed.. I think it saves them from having to update their site directly on the 8th (today).. Usually emails are sent regarding rate changes.. I didn't check my inbox this morning..

February 9, 2012
2:40 pm
doctor
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i notice that the manitoba credit unions are starting to lower there 5 year rrsp gic rates to 3.15%

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