Hubert Term Deposit Rate Changes Effective April 5, 2024 | Hubert Financial | Discussion forum

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Hubert Term Deposit Rate Changes Effective April 5, 2024
April 5, 2024
8:02 am
BillieBob
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Obviously, Access’ intention is to eventually phase out the 1-year quarterly term by making it much less attractive than their 1-year term.

Screenshot-2024-04-05-at-11.00.28 AM.png

April 5, 2024
8:48 am
monitor
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Well, it looks like what several Hubert members had already
speculated might happen is happening.
On March 27, 2024 the One-Year Quarterly Term GIC was 5.20%
Effective April 05, 2024 it has now been reduced to 4.90%.
It appears, Access CU is going to make the One-Year Quarterly Term GIC
interest rates so low no one will want to invest with them,
giving Access CU the excuse to stop making them available.
Only time will tell.

April 10, 2024
7:09 pm
everhopeful
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Gotta drop the rates on the quarterly redeemable to help out the Blue Bombers. sf-confused

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