Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this4:12 pm
March 5, 2018
Offline
Not sure how much interest there is in US dollar GICs. But Scotiabank's rate special is back. They had it previously in the summer, but I had missed it by a week or so back then. Since then, I've been checking every month, and now finally it's back. 2.52% on a 1-year GIC. Minimum investment is US$1,000. Straight up, no gimmicks or strange calculations. You have to go into a branch to do this with one of their financial advisor reps. It is not advertised on any web site, as far as I'm aware. I bought one today. Was done very quickly.
Scotia boasted that they're the leader in the 1-year US$ GIC in Canada. And it seems so. This beats Tangerine at 2% for the 1-year US$ GIC. And it even beats Canadian Western Bank which is 2.4% of the 1-year US$ GIC. Otherwise Canadian Western is the leader for the 2 to 5 year terms US$ terms (see http://www.cwbank.com/investin.....ough/rates). But note that for Canadian Western you have to go into a branch, so it means you have to be out West to get those rates.
If anyone can find higher US$ rates, then please post.
6:21 pm
October 21, 2013
Offline
FWIW, there are State of Israel bonds which pay significantly better.
They have never defaulted.
There are some minimum requirements.
https://www.israelbonds.ca/bonds-rates/
7:22 pm
February 20, 2018
Offline
Dont see 1yr israel rate
Scotia has been the leader on the cdn gic side for about 5yrs
8:06 pm
October 21, 2013
Offline
No, Israel doesn't have a one-year rate.
IMO, they are suitable for some of their 5 year rates.
9:37 am
July 12, 2018
Offline
RBC 3% on 1 yr GIC-USD
11:40 am
August 10, 2018
Offline
RBC 3% on 1 yr GIC-USD
link please?
4:06 pm
March 5, 2018
Offline
Johnny CASH said
RBC 3% on 1 yr GIC-USD
That's great. Is it like Scotia, a financial advisor offer that you have to specifically ask for? I would be interested in getting that.
7:25 pm
July 12, 2018
Offline
Yes RBC offer you need to ask for. It started Monday. 6 months 2.5
9 months 2.75
12 months 3%
9:36 pm
March 5, 2018
Offline
Johnny CASH said
Yes RBC offer you need to ask for. It started Monday. 6 months 2.5
9 months 2.75
12 months 3%
Great, thank you Johnny Cash. I'll go in. Since USD deposits aren't CDIC protected, it's good to have these multiple options to spread deposits around. The Big Banks are fighting for deposits now, and we're benefiting!
9:56 pm
February 20, 2018
Offline
rbc us$ mmf about 2.2% creepin up exp. ratio a bit over 25bps
7:12 am
January 6, 2017
Offline
Johnny CASH said
Yes RBC offer you need to ask for. It started Monday. 6 months 2.5
9 months 2.75
12 months 3%
Thanks Johnny Cash, just confirmed with RBC. Gonna sell all my CIB 483 mutual fund and redeem my Tangerine US GIC and put all into this RBC 3% 12 month term deposit.
12:05 pm
August 10, 2018
Offline
ScotiaBank
1 yr 2.52% (only till Oct 31)
3 yr 2.72%
5 yr 2.97%
RBC
2.5% 6 month
2.75% 9month
3.0% 1 year
All confirmed by phone
5:46 pm
February 20, 2018
Offline
I'm still thinkin we could hit a low on the loon 72 or 73 then up a more profitable trade than the one
5:36 am
October 19, 2018
Offline
Bruford said
ScotiaBank
1 yr 2.52% (only till Oct 31)
3 yr 2.72%
5 yr 2.97%RBC
2.5% 6 month
2.75% 9month
3.0% 1 yearAll confirmed by phone
Do I just have to call the 1-800 number and ask for it?
9:31 am
August 10, 2018
Offline
A s far as I know, transactions at the branch only, through an investment specialist.
6:08 am
December 27, 2016
Offline
Is the fluctuation on USD taxable for GIC? I know high interest savings and term deposits are not.
6:34 am
October 21, 2013
Offline
Buzz said
Is the fluctuation on USD taxable for GIC? I know high interest savings and term deposits are not.
Just because you don't get a T slip from the bank doesn't mean you don't have to pay tax. Canadians are taxed on all income.
I imagine currency speculators would be frowned upon but don't know how that would work or if it is so.
9:20 am
January 31, 2019
Offline
I have a bank account at RBC , I called the investment department to confirm the information above and the financial advisor on the phone was puzzled by the 3% rate I was asking about . He said they never had such a high rate for USD !!!
I wonder whom should i contact to get such a rate? Tangerine is offering 3% on 1 year GIC but i'm afraid of putting all my money in such a small account . I would feel much comfortable if i could find a similar rate at one of the big banks
anybody have any insights of USD GIC accounts
Thanks in advance
2:04 pm
October 21, 2013
Offline
It depends in part on what you ultimately want to do with the money. You need to factor in what you are going to lose because of the exchange conversion - at both ends - if you intend to bring it back to Cdn eventually..
5:33 pm
January 31, 2019
Offline
Thanks loonie , actually i moved recently to canada and i opened a us dollar account and moved my money directly to it with going through any exchange . I plan to split it into half canadian and half usd . That is why i was wondering if there is any other options with a similar rate to tangerine ?
Please write your comments in the forum.