2018 08 02 Rate Increases | Hubert Financial | Discussion forum

Nehpets said
According to Globe Investor and Cannex, Hubert GIC rates are increased as of this morning, although Hubert website has not been updated as of this posting.

One to five years:
2.85; 2.70; 2.80; 3.25; 3.35

Previously:
2.55; 2.65; 2.75; 3.25; 3.15

Apparently no change for the four year rate.

Stephen  

Also, Hubert's savings account interest rate is increasing to 2.35% p.a.

It should be pointed out that their 1 year rate is for a redeemable GIC, unlike other financial institutions and that 2.85% is the rate if held to maturity. Interest increases every 3 months and is compounded.

This mornings email from Hubert.

Hey there!

The sun is shining, the birds are singing, and our rates are changing. Happy summer!

Effective today, August 2, you’ll be smiling (and saving) bigger with our Happy Savings account, Tax Free Savings account, and RRSPs all which now have an interest rate of 2.35%.

And that’s not all! Our term deposit rates are also climbing. You’ll save even more with our two-year term (2.70%), our three-year term (2.80%), and our five-year term (3.35%). Our four-year term remains at 3.25%.

Wait, we’re not done yet! Our one-year term rates have also changed. Keep your funds in place for an entire year and you’ll earn an average rate of 2.85%. As always, you’re not locked in for the entire year. You can redeem your term after three, six, or nine months. Here’s what you’ll earn.

• The first three months: 2.70%
• Months four to six: 2.80%
• Months seven to nine: 2.90%
• The last three months: 3.00%

Learn more about our rates here. If you have any questions, we are (almost!) always here to help. See our hours of operation here.