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Email this8:31 pm
February 20, 2013
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New term rates (Effective March 8)
1-year term - 1.80% average
2-year term - 2.00%
3-year term - 2.20%
4-year term - 2.30%
5-year term - 2.50%
New quarterly breakdown of our 1-year term (Effective March 8)
The first three months: 1.65%
Months four to six: 1.75%
Months seven to nine: 1.85%
The last three months: 1.95%
5:16 am
March 30, 2017
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Hubert is getting smarter and is essentially offering 3mth at 1.65% to those who wants to sit and wait. Not as juicy as EQ but still the second best 3mth rate one can find. And from an investor's perspective, you still have the free option to keep it in there and earn an avg of 1.8% over 1 year if situation changes.
7:27 am
October 21, 2013
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It's also second best for six months, and best for nine months, from what I know. Just crappy for the advertised one year term!
7:44 am
December 20, 2019
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Loonie said
It's also second best for six months, and best for nine months, from what I know. Just crappy for the advertised one year term!
I opened two 1 year terms for substantial amounts at 10pm last night when I got the notification.
Where else am I going to get 1.85% for locking in at 3 months. If interest rates go up I remove and if not I stay the next 3 months at 1.95% then at 2.05% and then at 2.15%
It's win win for me and I can get to my money when I need it.
I opened up two so I can cash one if I get an investment without affecting the other.
I basically got the notification around 10pm and I was just waiting to see what the rates were going to do at Hubert.
8:55 am
April 2, 2018
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KamWest said
I opened two 1 year terms for substantial amounts at 10pm last night when I got the notification.
Lucky, lucky you!
I did not check email after 21:00 and missed it. Lesson learned...
9:24 am
December 20, 2019
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pooreva said
KamWest said
I opened two 1 year terms for substantial amounts at 10pm last night when I got the notification.Lucky, lucky you!
I did not check email after 21:00 and missed it. Lesson learned...
I know, I am doing the happy dance this morning
Happy Happy Joy Joy (anyone remember that?)
9:48 am
January 12, 2019
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KamWest said
. . .
Where else am I going to get 1.85% for locking in at 3 months.
. . .
At EQ Bank, but the rate is even Better ⬇ 
Dean
" Live Long, Healthy ... And Prosper! "
9:53 am
December 20, 2019
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Dean said
At EQ Bank, but the rate is even Better ⬇
Dean
Not for me, the 100k limit is why I cannot use them.
I need a no limit setup and Hubert works for me because of the 100% insurance as well. Eq only has 100k deposit insurance which is also quite limiting.
10:40 am
January 12, 2019
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Dean said
At EQ Bank, but the rate (for 3 months) is even Better ⬇
Dean
KamWest said
Not for me, the 100k limit is why I cannot use them.
I need a no limit setup and Hubert works for me because of the 100% insurance as well. Eq only has 100k deposit insurance which is also quite limiting.
I believe you are mistaken . . .
At EQ Bank, the 'Aggregate' GIC investment limit is Not $100K ... it's $500K.
- Dean
" Live Long, Healthy ... And Prosper! "
10:43 am
December 20, 2019
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Yes that is over a number of products and still way too small for me plus it would only be insured to 100k. Even if you combine registered and unregistered and all the in between it would be a chore to complete.
Hubert has no cap, everything is insured and I get a 2% return for the year where I can cash out every quarter.
So far I have found nothing that beats it
11:29 am
March 30, 2017
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KamWest said
Yes that is over a number of products and still way too small for me plus it would only be insured to 100k. Even if you combine registered and unregistered and all the in between it would be a chore to complete.Hubert has no cap, everything is insured and I get a 2% return for the year where I can cash out every quarter.
So far I have found nothing that beats it
most of us here have a first world problem, not enuf single name CDIC coverage lol
1:22 pm
May 28, 2013
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Hubert is under Manitoba financial rules which means the 100K CDIC limit does not apply. Province of Manitoba covers 100% of savings / GICs
6:29 pm
September 15, 2017
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ValueTime said
Hubert is under Manitoba financial rules which means the 100K CDIC limit does not apply. Province of Manitoba covers 100% of savings / GICs
No, the deposit insurance coverage is NOT by the Province of Manitoba. There are other threads about that.
8:50 pm
April 6, 2013
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One of those is this thread.
8:37 am
February 7, 2019
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Hubert have become much less competitive since their merger was approved.
Anyone else walking away from their GIC's? Mid-stream in the case case of their quarterly 1Yr GIC's?
| CGO |
9:13 am
December 7, 2011
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Yes, I agree, that Hubert is much less competitive now.
A few days ago I redeemed all their 1 year GIC's after just first quarter.
10:15 am
October 21, 2013
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As far as I know, they have limited competition at the 3 month level (EQ only, but EQ doesn't offer joint GICs or RIFs); no competition at the six month level; and only Tangerine at the nine month level; and they still offer unlimited insurance, known rates for all four portions of the one year term and the option to start over there or elsewhere every 3 month, which EQ and Tang don't.
They have in the past reduced their one year rate for a relatively short time when they had an excess of deposits, so it may rise again when things calm down.
The merger hasn't kicked in yet. I don't think the decrease was due to that. It was more likely because too many of us took advantage of it!
It really depends on what you're looking for. I don't have any one- year GICs with them at any rate at the moment.
10:21 am
January 12, 2019
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Winnie said
Yes, I agree, that Hubert is much less competitive now.
A few days ago I redeemed all their 1 year GIC's after just first quarter.
- This ⬆
Like many others, my days at Hubert are probably numbered, as well.
The only things I have left with them now are a few $$$ in a HISA and a 3 year GIC (@ 3.55%), that matures early next year. Time will tell, but when that GIC is done, I'll probably move all my Hubert $$$ to greener pastures.
We had a good run with Hubert, but it appears to be done ... Sad 
- Dean
" Live Long, Healthy ... And Prosper! "
6:20 pm
April 2, 2018
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Dean said
This ⬆
Like many others, my days at Hubert are probably numbered, as well.
The only things I have left with them now are a few $$$ in a HISA and a 3 year GIC (@ 3.55%), that matures early next year. Time will tell, but when that GIC is done, I'll probably move all my Hubert $$$ to greener pastures.
We had a good run with Hubert, but it appears to be done ... Sad
Dean
OK. So which other FI offers 1year GIC redeemable every 3 months if needed?
And where would you move $?
4:51 am
September 7, 2018
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pooreva said
OK. So which other FI offers 1year GIC redeemable every 3 months if needed?
And where would you move $?
If u think u need the funds in 3 months or less, why not just use Wyth HISA @ 1.55% or Saven HISA @ 1.50%? Hubert for 3 months @1.65% is a bit better, but if u keep the Hubert GIC for the full 1 year, u will earn 1.80% which may be acceptable to you.
Oaken has a Cashable 1 Year GIC @ 1.45% - not a better rate than the above, but it is cashable after 3 months if u need the funds.
The above rates 1.65 1.55 1.50 1.45 are not drastically different - only if the amount "invested" is material does it really make a big difference?
Please write your comments in the forum.