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Email this8:22 am
November 22, 2023
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Rate updates, Effective: June 24, 2024
High-interest Savings 3.35%
Variable Rate
(TFSAs, RRSPs, FHSAs, and RRIFs) 3.40%
Registered and Non-Registered Terms
(TFSAs, RRSPs, FHSAs, and RRIFs)
One-Year Quarterly Term* UP to 5.25%*
*Not available for FHSA
One-Year Non-Redeemable down to 4.90%*
18 Month term - SPECIAL 5.05%*
*Not available for FHSA
Two-Year Term: down to 4.80%*
Three-Year Term: down to 4.50%*
Four-Year Term: down to 4.45%*
Five-Year Term: down to 4.35%*
*Asterisks indicate an updated rate.
All deposits including interest are guaranteed without limit by the Deposit Guarantee Corporation of Manitoba (DGCM).
Specials are available for a limited time, conditions apply.
Please see our Rates page for current rates.
8:37 am
February 7, 2019
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I too thought interesting that they moved the Quarterly 1 Yr GIC up from 5.0% to 5.25% ...
| CGO |
9:24 am
September 24, 2019
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cgouimet said
I too thought interesting that they moved the Quarterly 1 Yr GIC up from 5.0% to 5.25% ...
Me too.
9:36 am
January 12, 2019
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.
Meh ... they are 'Hubert' now, in name only.
Once my last GIC with them matures (early next year) ... I'm Outa There ❗
R.I.P. The 'Real' Hubert 
- Dean
" Live Long, Healthy ... And Prosper! "
4:43 pm
January 25, 2024
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Still tend to
Dean said
.
Meh ... they are 'Hubert' now, in name only.Once my last GIC with them matures (early next year) ... I'm Outa There ❗
R.I.P. The 'Real' Hubert
Dean
Still tend to disagree. When one can keep 1mill or more in confidence?
Hubert rate is still good and support is superb as always.
5:27 pm
November 22, 2023
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Dean said.
Meh ... they are 'Hubert' now, in name only.
Once my last GIC with them matures (early next year) ... I'm Outa There ❗
R.I.P. The 'Real' Hubert Dean
Hi Dean,
If you are going to leave, please advise if you have found a FI that can offer the same or better rates as Access/Hubert and have online software and features equal to or better than good old reliable Sunova/Hubert had. I have not been able to find any FI's that have better online software and features than what we are currently stuck with.
Thank you
6:59 pm
September 28, 2023
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Im liking it... but not understanding why they are increasing rates while the central bank is decreasing. Can someone explain why they are looking to attract funds at this time?
Many other FIs offer comparable rates to Hubert (within 25bps) but what is keeping some of my funds with Hubert is the quarterly redeemable GIC... there is nobody else offering anything even close to the flexibility of it, and to me it is worth the extra Access hurdles to maintain my funds in it. I am treating it as my extended emergency fund... other than about $10k in a HISA, I have everything locked into GICs right now in anticipation of lower rates.
7:23 pm
August 4, 2010
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EQ introduced a "Notice" account, with higher rates in exchange for having to give 10 days notice (4.5%) or 30 days notice (5%) before withdrawals. It could be they are positioning the quarterly 1-year GIC against that. It is a little odd that they are flipping the gap between that and the non-cashable 1-year, but presumably they have their reasons based on what they need and what they are seeing as deposits.
I've always liked that quarterly GIC - it is a pity it isn't available in the FHSA.
8:26 pm
August 16, 2022
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Sorry, but what is meant by quarterly, 1 year GIC- 5.25%? You can redeem within the first quarter if you need to? Do you still get the 5.25% or is it a lower rate? Much appreciated.
Duca is coming due and Tangerine is only 2 more months at 5.50%. Will need to move my $$ somewhere. Thanks
8:36 pm
September 28, 2023
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Yes, it is redeemable anytime, but only pays interest quarterly. The rate escalates over the year to encourage you to remain invested for the whole term.
Details here: https://happysavings.ca/terms/one-year-term/ ... looks like they haven't updated that page to the new rates, but it shows how it works.
If my math is correct, the quarterly rates would be 5.1, 5.2, 5.3 , and 5.4%.
The downside is most transactions need to be done with an agent on the phone now. When Access CU merged with Sunova CU (Hubert's parent) they took away the superb online facilities.
8:47 pm
August 16, 2022
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Thanks for that. Much appreciated. Is each quarter 5.25% then I guess? If I leave $100,000 for the whole year, I would earn $5250 in interest? If only 3 months, $437.50 x 3= $1312.50?
8:54 pm
September 28, 2023
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One year would be $5250.... 3 months should be $1275 because of they load the higher rates on the back end to incentivize staying in for the year.
It is a guaranteed rate for the year, yet not locked in if the need for funds fast comes up. Win-win... and unmatched by any other FI right now.
One more caveat for large balances: As with all provincial credit unions, it is not CDIC insured, but rather through the Manitoba credit union deposit guarantee system.
8:59 pm
August 16, 2022
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Thanks. And that Manitoba credit union deposit guarantee is good for how much? $250k like here in Ontario. Where would I find out the quarterly rate break down? Call them I guess? Thanks
9:18 pm
September 28, 2023
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Coverage is unlimited (personally, a limit would actually make me feel more secure about it) ... the details about it are at https://dgcm.ca/
The posted rate is the average, so the quarters will break down to 5.1% 5.2% 5.3% and 5.4%.
10:03 pm
April 6, 2013
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The rates for each quarter are shown on the product page.
6:26 am
November 18, 2017
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Keep in mind that "escalator" deposits pay less than flat-rate because the earlier, lower interest payments mean less compounding. But the cashability may be worth it to some people.
Remember that, even if kept to maturity, you won't get the same total interest as if you had a deposit at the "average" rate.
RetirEd
7:04 am
February 20, 2022
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RetirEd said
Remember that, even if kept to maturity, you won't get the same total interest as if you had a deposit at the "average" rate.
If you mean the "average rate" with more frequent compounding then sure, (say 12 bps for monthly to annual) otherwise it's the same.
The [edited] difference (possibly advantage) of Huberts GIC in this comparison is that the interest is guaranteed fixed for the entire year unlike a regular HISA account - up or down as the case may be.
8:28 am
April 6, 2013
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Total interest will be higher because of the quarterly compounding.
… If you keep your funds in place for the entire year, you’ll earn an average rate of 4.90%* for the year (with compounded interest). Not too shabby, is it? Here’s what you will earn:
- The first three months: 4.75%*
- Months four to six: 4.85%*
- Months seven to nine: 4.95%*
- The last three months: 5.05%*
| Days | Per annum |
Interest | Balance | |
| 21-Jun-2024 | 0 | 4.75% | $0.00 | $10,000.00 |
| 21-Sep-2024 | 92 | 4.75% | $119.73 | $10,119.73 |
| 21-Dec-2024 | 91 | 4.85% | $122.37 | $10,242.10 |
| 21-Mar-2025 | 90 | 4.95% | $125.01 | $10,367.11 |
| 21-Jun-2025 | 92 | 5.05% | $131.96 | $10,499.07 |
| 365 |
With a regular, non-escalating, 4.90% one-year GIC that compounds annually, one would end up with $10,490.00.
8:48 am
May 20, 2016
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monitor said
I have not been able to find any FI's that have better online software and features than what we are currently stuck with.
Thank you
Actually, IMO, almost all FIs I deal with (Oaken, Tangerine etc.) have better software than Access. At Access, you need to CALL to do fund transfer and purchase GIC.
9:09 am
February 7, 2019
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Norman1 said
Total interest will be higher because of the quarterly compounding.… If you keep your funds in place for the entire year, you’ll earn an average rate of 4.90%* for the year (with compounded interest). Not too shabby, is it? Here’s what you will earn:
- The first three months: 4.75%*
- Months four to six: 4.85%*
- Months seven to nine: 4.95%*
- The last three months: 5.05%*
Days Per
annumInterest Balance 21-Jun-2024 0 4.75% $0.00 $10,000.00 21-Sep-2024 92 4.75% $119.73 $10,119.73 21-Dec-2024 91 4.85% $122.37 $10,242.10 21-Mar-2025 90 4.95% $125.01 $10,367.11 21-Jun-2025 92 5.05% $131.96 $10,499.07 365 With a regular, non-escalating, 4.90% one-year GIC that compounds annually, one would end up with $10,490.00.
And effective Jun 24, it'll be 5.25%. So, 5.10/5.20/5.30/5.40 for the 4 quarters.
| CGO |
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