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Email this2:18 pm
April 19, 2019
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Anyone know over 5% or over 5.25% for short term GICs? 30 to 90 days.
2:28 am
June 28, 2022
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The best that I've seen is Hubert's 1-year (redeemable every 90 days) at 4.85% (3 months), 4.95% (6 months), 5.05% (9 months), and 5.15% (12 months).
7:40 am
February 7, 2019
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Nirvana7734 said
The best that I've seen is Hubert's 1-year (redeemable every 90 days) at 4.85% (3 months), 4.95% (6 months), 5.05% (9 months), and 5.15% (12 months).
To be more precise ...
4.85% for months 1-3, if held for the 3 months and paid at month 3
4.95% for months 4-6, if held for the 3 months and paid at month 6
5.05% for months 7-9, if held for the 3 months and paid at month 9
5.15% for months 10-12, if held for the 3 months and paid at month 12
| CGO |
9:16 am
March 18, 2021
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cgouimet said
To be more precise ...
4.85% for months 1-3, if held for the 3 months and paid at month 3
4.95% for months 4-6, if held for the 3 months and paid at month 6
5.05% for months 7-9, if held for the 3 months and paid at month 9
5.15% for months 10-12, if held for the 3 months and paid at month 12
Short term rates may rise on the January CPI figures out of Canada today. xbb.to down about 4/5 of a percent today. Bond yields are rising on the report.
9:48 am
January 12, 2019
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cgouimet said
To be more precise ...
4.85% for months 1-3, if held for the 3 months and paid at month 3
4.95% for months 4-6, if held for the 3 months and paid at month 6
5.05% for months 7-9, if held for the 3 months and paid at month 9
5.15% for months 10-12, if held for the 3 months and paid at month 12
Or ... we could go Directly to the Source, and get the 'Full-meal-deal' :
.
Hubert's variable rate, quarterly cashable, 1Yr GIC has a Big fan-base here,
... and it's well deserved ❗
- Dean
" Live Long, Healthy ... And Prosper! "
10:14 am
September 7, 2018
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Dean said
Or ... we could go Directly to the Source, and get the 'Full-meal-deal' :
Hubert's variable rate, quarterly cashable, 1Yr GIC has a Big fan-base here,
... and it's well deservedDean
Agree with the fan-base - however, there would likely be a larger fan-base if there were a clear explicit statement of a guarantee by the Govt of Manitoba on depositors' funds with "Happy Savings".
11:37 am
January 12, 2019
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canadian.100 said
Agree with the fan-base - however, there would likely be a larger fan-base if there were a clear explicit statement of a guarantee by the Govt of Manitoba on depositors' funds with "Happy Savings".
I wouldn't hold your breath on that ⬆ ... the Govt. of Manitoba does Not directly guarantee (or insure) FI depositors' funds.
However, all deposits in Manitoba are 100% guaranteed by the 'DGCM'.
- DGCM Link ➡ https://dgcm.ca/
A quote from the DGCM website FAQs . . .
-
"Does the Government of Manitoba also cover deposits?
No. There is no legislated requirement for the Manitoba government to guarantee deposits."
It's been that way for almost 60 years now, going all the way back to 1965.
- Dean
" Live Long, Healthy ... And Prosper! "
11:29 pm
October 21, 2013
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canadian.100 said
Agree with the fan-base - however, there would likely be a larger fan-base if there were a clear explicit statement of a guarantee by the Govt of Manitoba on depositors' funds with "Happy Savings".
There is no clear or explicit statement of such a guarantee because no such guarantee exists, and requesting it in bold face won't change anything. It will be up to the government of the day to do whatever it will in an extreme situation. No government, federal or provincial, makes any such a guarantee as far as I know with the possible exception that CDIC has some extended borrowing privileges.
5:19 am
March 30, 2017
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for 30-60 days, why not just put it into a cash ETf like cash.to or PSA or the like.
9:03 am
June 28, 2022
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savemoresaveoften said
for 30-60 days, why not just put it into a cash ETf like cash.to or PSA or the like.
I just spoke with someone from Assante Wealth Management yesterday who essentially asked me the same question. While doing so, he pointed me toward CSAV, which is currently netting 4.82% (gross 4.97% - .15% MER). I had looked into CSAV before (maybe in 2021) but decided against it in favour of HISAs. With 4.82% in mind, I thought about it again, but then I recalled two things: 1) my principal is at low-risk, but it is still at risk, which leads me to 2) I am not willing to take on any risk to my principal in the current financial environment because I believe that this is coming (as frequent readers on this site have previously seen me post): https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSZVI8EbARFCGLUJM9lr3E1C_xegPhFkDCWlVKT9B6Wgj6yGQnVgeYVlUBBvzXqnJwDnc5sCJHH2VOybZC9emrLAdzuqdeF9wGDI0olfy6J852x5xRA56D26W6iJ_CLbixPHTrT_aiJUbNKzP5e8m9nhuHHfUxvbe3_YFxw7aUN1mdA9TbR0pUB9k6Pg/s1565/spx%20it.png . Thus, I'm personally opting for the BMT104 4.35% HISA from Norman1's Brokerage Investment Savings Account thread at this time.
2:39 pm
January 6, 2020
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Ontario's Ganaraska Credit Union has a 5.25%/6 mth. term deposit.
6:39 pm
April 6, 2013
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The challenge is the 5¼% for six months is for new money only. In six months, that money will be existing money and will be facing these unremarkable Ganaraska GIC rates:
1 YEAR 2.50%
2 YEAR 2.75%
3 YEAR 3.00%
4 YEAR 3.50%
5 YEAR 2.50%
Those make these RBC Royal Bank rates look good: 
1 YEAR 4.65%
2 YEAR 4.50%
3 YEAR 3.30%
4 YEAR 3.35%
5 YEAR 4.20%
10:01 am
August 6, 2018
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Nirvana7734 said
1) my principal is at low-risk, but it is still at risk,
Curious other than not CDIC insured, what additional risk is there?
5:16 pm
February 14, 2023
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savemoresaveoften said
for 30-60 days, why not just put it into a cash ETf like cash.to or PSA or the like.
if it helps anyone, BMO lL has bankers acceptance available, min 50k to buy, saw 30d ~4.55%, 90d ~4.65% today. inventory and terms constantly change. not CDIC though.
5:57 pm
October 27, 2013
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Net return post-commissions? If not, that should be disclosed.
6:23 pm
February 14, 2023
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AltaRed said
Net return post-commissions? If not, that should be disclosed.
it looked like that was the all-in. might be tiered for some. fwiw, I have platinum status at Itrade and I get better pricing for some instruments, but am new to IL.
9:02 am
February 14, 2023
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kesa said
if it helps anyone, BMO lL has bankers acceptance available, min 50k to buy, saw 30d ~4.55%, 90d ~4.65% today. inventory and terms constantly change. not CDIC though.
30d RBC BA 4.641%
10:07 am
April 6, 2013
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BMO InvestorLine shows the net yield (after any commissions) of its fixed income inventory. The commission actually paid is disclosed during order entry. Quite a few times, it was zero commission on bankers' acceptances!
Their usual minimum order for bankers' acceptances is $50,000. So, if there's less than $50,000 left in their inventory for one, then one won't be able to buy it.
Settlement is T+0 days for bankers' acceptances. Funds need to be available the day of placing the order.
8:19 pm
April 19, 2019
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savemoresaveoften said
for 30-60 days, why not just put it into a cash ETf like cash.to or PSA or the like.
How is the return calculated on a cash etf? Is it a set amount? what fluctuates with it? is it capital gain for interest earned or 100% taxed? Where to find this info for cash etf? (I only see a laddered graph)
8:35 pm
October 27, 2013
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Return is the yield of the underlying holdings in the ETF less MER, i.e. flow through of income generated. That means the yield could vary each and every day as holdings come and go, albeit it will be more steady than that due to the type of holdings. Distributions are pure interest.
Look up the details for the cash ETF you are interested in. For CASH.TO, https://horizonsetfs.com/ETF/cash/ and the links to Fact Sheet and Product Sheet
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