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Hubert Rates Going Down Again . . .
March 18, 2020
2:56 pm
Dean
Valhalla Mountains, British Columbia
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.
From Hubert's latest email today . . .
.

    We're sorry to share that as of Thursday, March 19 our interest rates are decreasing.
    .
    The new rates are as follows:
    .
    Daily savings - 2.00%
    USD savings - 0.25%
    .
    1-year term - 2.20% average
    2-year term - 2.10%
    3-year term - 2.15%
    4-year term - 2.20%
    5-year term - 2.30%

.

So who'll be next ❓❗
.

P.S.
Thanks Peter for fixing the thread title ... my bad. sf-laugh

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

March 18, 2020
5:04 pm
Doug
British Columbia, Canada
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Dean said
.
From Hubert's latest email today . . .
.

    We're sorry to share that as of Thursday, March 19 our interest rates are decreasing.
    .
    The new rates are as follows:
    .
    Daily savings - 2.00%
    USD savings - 0.25%
    .
    1-year term - 2.20% average
    2-year term - 2.10%
    3-year term - 2.15%
    4-year term - 2.20%
    5-year term - 2.30%

.

So who'll be next ❓❗
.

P.S.
Thanks Peter for fixing the thread title ... my bad. sf-laugh  

Hi Dean,

I don't really like your thread title to be honest; it implies an unfair exasperation with Hubert. Hubert is just responding, late, to market demands. They held out as long as they could. Note that these reductions to 2.00% don't take into account the other 0.75% the BoC has cut, so even without any further 0.75% cut between now and April 15th, it's quite likely we could see all those HISAs currently at 2-2.10% go down to 1.25-1.50%.

In short, I think 1-1.25% is likely to be the new top HISA rate in the next couple months once all the machinations have been completed.

Cheers,
Doug

March 18, 2020
6:29 pm
Dean
Valhalla Mountains, British Columbia
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Doug said

Hi Dean,

I don't really like your thread title to be honest; it implies an unfair exasperation with Hubert.

. . .

Cheers,
Doug  

Hi Doug,

The thread title ("Hubert Rates Going Down Again") is a Statement Of Fact ... this was their Second lowering of rates, in less than a Week.

No 'Unfair' exasperation with Hubert was expressed, or implied.

Ciao,
Dean sf-smile

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

April 28, 2020
10:25 am
implode
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Sigh. I only just now noticed the USD rate at Hubert dropped from 0.75% to 0.25% 🙁

April 28, 2020
4:22 pm
Norman1
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If you have a Scotia iTRADE brokerage account, the Scotiabank US$ brokerage ISA offerings DYN6001 and DYN5001 are yielding 0.40%.

May 8, 2020
2:52 pm
pooreva
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And going down again... 1 year as of tomorrow will be 2.20% average.

The quarterly breakdown will be:
1st quarter - 2.05%
2nd quarter - 2.15%
3rd quarter - 2.25%
4th quarter - 2.35%

May 8, 2020
2:58 pm
Doug
British Columbia, Canada
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pooreva said
And going down again... 1 year as of tomorrow will be 2.20% average.

The quarterly breakdown will be:
1st quarter - 2.05%
2nd quarter - 2.15%
3rd quarter - 2.25%
4th quarter - 2.35%  

Hi Eva,

Thanks...I just posted about this, roughly 10 minutes before you posted. I think a separate thread is warranted as we (a) we typically do this and (b) this affects the 1-year GIC rate this time.

https://www.highinterestsavings.ca/forum/hubert-financial/hubert-dropping-1-year-gic-rate-to-2-20-from-2-30/

Cheers,
Doug

May 9, 2020
8:44 am
pooreva
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You are right Doug. We would need only one topic, something like Hubert's rates where we can post all changes (HISA, GIC, etc.)

May 13, 2020
3:52 pm
Rick
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Going down more
Rate Update

Unfortunately, our 1-year to 5-year term rates are decreasing slightly as of May 14. Our high-interest savings rate is staying at 2.00%.

The new term rates are as follows:

1-year term - 2.15% average

2-year term - 2.15%

3-year term - 2.20%

4-year term - 2.25%

5-year term - 2.35%

May 14, 2020
9:35 am
mmlt
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Hubert is good. I've had deposits waiting to clear during rate drops and they've honored the higher rate.

May 20, 2020
4:18 pm
GR
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Another decrease in 1 yr GIC rate May 21 - 4th gradual decrease in 22 days!

We're sorry to share that our 1-year term rate is decreasing on Thursday, May 21 to 2.10% average.
The quarterly breakdown will be:
1st quarter - 1.95%
2nd quarter - 2.05%
3rd quarter - 2.15%
4th quarter - 2.25%

May 20, 2020
4:42 pm
pooreva
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Well, I read somewhere today inflation is 0% so why should any bank pay any interest 😉

May 21, 2020
10:37 pm
Save2Retire@55
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Actually, Inflation rate drops to –0.2%, its first minus reading in more than 10 years 😀 Let's start paying the "poor" banks!

https://www.cbc.ca/news/business/inflation-rate-april-covid-1.5576581

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