Disappointed by Hubert's low rates | Hubert Financial | Discussion forum | Canadian High Interest Savings Bank Accounts

Please consider registering
guest

Home

Discussion forum
sp_ArrowRight

Hubert Financial
sp_ArrowRight

Disappointed by Hubert's low rates

Topic RSS

Disappointed by Hubert's low rates

November 21, 2022
7:56 am

LeBronBMT

Member

Members

Forum Posts: 59

Member Since:
March 4, 2019

Offline

It's a good time for GIC savers right now, yet Hubert's rates are lacking. Hubert only has one offering of 5% (5.1% on their 5 year term). What gives? A lot of other favorites on this forum have stepped up. It's surprising to see Hubert offer lower rates than EQ.

November 21, 2022
8:55 am

pooreva

Member

Banned

Forum Posts: 440

Member Since:
April 2, 2018

Offline

Hubert has other benefits other do not have. They cannot be the first in everything.

I have a deal for you: Would you be interested in a bank offering 15% on 100 years compounded, non-redeemable GIC, payable only to YOU on maturity?

November 21, 2022
9:13 am

mmlt

Member

Members

Forum Posts: 168

Member Since:
February 4, 2017

Offline

It would be nice to have it all. I'm willing to sacrifice a little for the exceptional customer service Hubert gives. (I hope they don't read this)

November 21, 2022
9:25 am

Dean

Valhalla Mountains, British Columbia

Member

Members

Forum Posts: 2129

Member Since:
January 12, 2019

Offline

LeBronBMT said

It's a good time for GIC savers right now, yet Hubert's rates are lacking. Hubert only has one offering of 5% (5.1% on their 5 year term). What gives? A lot of other favorites on this forum have stepped up. It's surprising to see Hubert offer lower rates than EQ.

As long as Hubert stays in the top 1/4 of the Chart (or very close to it),
that's fine with me.

➡

https://www.highinterestsavings.ca/gic-rates/

And if you don't like an FI's rates, do what most of the rest of us do,
. . . Go Shopping ❗

My Two Centavos sf-wink

Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

November 21, 2022
2:12 pm

Loonie

Member

Members

Forum Posts: 9384

Member Since:
October 21, 2013

Offline

No FI is at the top of the heap all the time. Hubert, like any FI, has to do what's best for their business.

November 21, 2022
2:23 pm

Norman1

Member

Members

Forum Posts: 7143

Member Since:
April 6, 2013

Offline

And it is not in any financial institution's business interest to have deposit money come in faster than they can lend the money out.

If a two-year GIC rate of 4.6% brings in funds at the right pace for Access CU through its Hubert channel, then that is what Hubert's two-year GIC rate will be.

There's actually no prize for Access CU or any financial institution for having its GIC rates appear at the top of a rate chart when the financial institution doesn't need to increase its deposit flow.

All RSS