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Email this9:53 am
May 20, 2016
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I am going to purchase 5 year GIC for the 2019 $6000 TFSA. I was hoping that 5 year GIC rates would be around 3.75 to 4% by now.
11:00 am
December 20, 2016
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Meridian is paying 3.75% for a five year GIC TFSA See Rates Here
Stephen
11:46 am
October 21, 2013
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You can't do it until January anyway. There may be some deals by then. Just don't get sucked into one of those "deposit now for 2019" deals, which look good u initially, but will drop after the new year and then you're stuck with transfer fees.
8:51 am
May 20, 2016
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Nehpets said
Meridian is paying 3.75% for a five year GIC TFSA See Rates HereStephen
Thanks, but I don't see 3.75% for a five year GIC TFSA from their GIC rates.
9:22 am
October 21, 2013
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davidgeorge said
Thanks, but I don't see 3.75% for a five year GIC TFSA from their GIC rates.
Click on Non-Redeemable Long Term GICs near bottom of page. left
There are 2 five year rates. You want the second one, for "new money". Let's hope it's still in place in January.
10:22 am
December 20, 2016
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davidgeorge said
Thanks, but I don't see 3.75% for a five year GIC TFSA from their GIC rates.
As Loonie said:
Click on Non-Redeemable Long Term GICs near bottom of page. left
There are 2 five year rates. You want the second one, for "new money".
Still in effect as of today.
12:13 pm
May 20, 2016
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Thanks, Loonie and Stephen. I don't have accounts with Meridian and hope it's easy to open an account.
12:21 pm
November 7, 2014
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Loonie said
Click on Non-Redeemable Long Term GICs near bottom of page. left
There are 2 five year rates. You want the second one, for "new money". Let's hope it's still in place in January.
I have an account with Meridian and have found them to be very accommodating. If you are sure you want to open an account, speak to a representative there, even the local manager, and ask if they can hold the rate for you until early in January. They have often done this for me for up to a month. Good luck!
12:42 pm
December 20, 2016
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As has been stated, better to sign up at a local branch rather than the online option with Meridian. Work with the branch manager who typically should have greater discretion and leverage than frontline office staff for high value transactions.
Stephen
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