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Email this6:00 pm
September 7, 2015
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You may want to consider a gic that is offered by northern credit union. They have a 1 yr offering at 2.25%. You can keep it there for year 2 for 2% or take out on anniversary date.
7:51 pm
October 21, 2013
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https://www.northerncu.com/personal/rates/gic-rates-arent-high-enough/
If you click on the Application, you get the following info:
"Available January 9th, 2017 until March 31, 2017.
If the member chooses, he/she can transfer their funds into another investment or redeem their investment following the first or second year without any penalties. This can be done within a 7-day window of the anniversary date of the initial deposit.
Available for both new and existing funds.
Earn 2.25% for the first 12 months if you deposit new money before March 31, 2017."
I was unable to determine whether they were open to people who don't live in northern Ontario or in Ontario.
2:03 pm
August 4, 2010
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Always be wary of anything with "Northern" in the name... 🙂
2:55 pm
May 24, 2016
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Love that
7:41 pm
January 30, 2009
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NorthernRaven said
Always be wary of anything with "Northern" in the name... 🙂 Â
Haha! 🙂
8:18 pm
August 4, 2010
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All Cretans are liars, said Epimenides the Cretan...
9:10 am
April 5, 2017
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At Northern Credit union you do not need to be from Northern Ontario to be part of the credit union. Also with our website you can do the investing yourself instead of coming into the branch. We also have lots of good investment specials going on all the time. When one ends there is usually always one coming up.
Its a great place to invest.
8:36 am
September 30, 2017
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It's 2019 & their 3-year Market Linked GIC caught my eyes 
min 3.5%, max unlimited
. . . comparing with 3-yr GIC leader on our chart, worth digging deeper if I got the cash
Oops, my bad. It is market linked, probably 3.5% for whole term. ... Not comparable.
9:59 am
October 17, 2018
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I started the online application and this 3 year doesn’t appear as an option so i looked up my nearest branch. Open Tuesdays and Fridays. If i ever decide to make the trip i hope to remember to bring a couple of extra full gasoline cans in case the locals are only open on Mondays and Thursdays.
10:40 am
February 20, 2018
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apparently market link offer good till nov 25. Principal dico insured.
how can they do it offer that do they partake in some of the upside?
11:01 am
August 9, 2014
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I call and this is indeed a per annum rate and not per term rate.
This is a really good return, all the upside and non the downside of equity.
12:09 pm
August 10, 2018
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Jon said
I call and this is indeed a per annum rate and not per term rate.This is a really good return, all the upside and non the downside of equity. Â
And I called them and they told me it is 3.5% over 3 years, not 3.5% per year. It works out to 1.17% per year.
12:31 pm
November 7, 2014
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When I looked at this I felt it had to be 3.5% guaranteed for the whole term, not annually.
Again, if it looks too good to be true........
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