Scrivens Insurance and investments 1 Year GIC 2.9% | GIC discussions | Discussion forum

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Scrivens Insurance and investments 1 Year GIC 2.9%
July 30, 2018
2:42 pm
miro
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Scrivens Insurance and investments
1 Year 2.90%
2-Year 3.15%
3-Year 3.20%
4-Year 3.30%
5-Year 3.52%

Link

July 30, 2018
3:39 pm
Nehpets
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I've been a client of Scrivens for years and can attest to first hand superior service!

Curious to know who is offering the 2.9% as that rate is higher than other broker offerings..eg GIC WM whose current special rate offering is 2.85%

They do occasionally receive opportunities directly from smaller credit unions and have even had "rate matching" opportunities from competing FI's through Scrivens.

Stephen

July 31, 2018
11:49 am
Nehpets
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The 2.9% one year rate at Scrivens is being offered by Pace CU.

Looks like Pace CU is on the hunt for capital:
Pace Credit Union New GIC Rates | GIC Discussions | Discussion forum

3.4% 29 mos

Stephen

July 31, 2018
3:25 pm
Loonie
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This is quite a dramatic example of how the registered accounts get a much poorer deal - especially the RIFs.

By comparison, the other one-year rates through Scrivens are:
RSP 2.70
RIF 2.45
TFSA 2.45

However, it appears that if you deal directly with PACE, you can get their special rates in RSP or TFSA (RIF is not mentioned): https://www.bankwithpace.ca/term-deposits-29-month/ These rates are fairly similar to those offered by Scrivens, but their application to registered accounts needs to be confirmed.

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