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Email this3:02 pm
September 15, 2017
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Dean said
Yet another statement, with no source indicated ❗
Meh
Dean
Source: a fly on the wall !!!!
(Hubert CSR telecon)
3:46 pm
September 15, 2017
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UPDATE:
I just spoke to another CSR at Hubert and the HISA and GIC rates are going up and down Monday, as follows:
HISA increasing to 2.85%
1 yr. cashable increasing to 4.40%
2 yr. DECREASING to 4.40%
3 yr. increasing to 4.55%
Emails to clients on Monday.
4:59 pm
April 2, 2018
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GR said
UPDATE:I just spoke to another CSR at Hubert and the HISA and GIC rates are going up and down Monday, as follows:
Emails to clients on Monday.
Hubert CSR NEVER provided any info regarding rates in advance. What was agent's name?
If rates do change on Monday then email will NOT be send on Monday; they always send a day in advance.
I do not mind higher rates but your info is fishy...
5:18 pm
January 12, 2019
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GR said
I was told that Hubert's GIC rates will be increasing Monday (Sept. 19) for 1, 2 & 3 yrs.
Clients should watch for email today or tomorrow.
GR said
UPDATE:I just spoke to another CSR at Hubert and the HISA and GIC rates are going up and down Monday, as follows:
HISA increasing to 2.85%
1 yr. cashable increasing to 4.40%
2 yr. DECREASING to 4.40%
3 yr. increasing to 4.55%Emails to clients on Monday.
Hmmm ... so there are two different stories, eh ❗
Like Pooreva said in Post #43; "Fishy". 
-
Dean
" Live Long, Healthy ... And Prosper! "
5:36 pm
September 15, 2017
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pooreva said
Hubert CSR NEVER provided any info regarding rates in advance. What was agent's name?
If rates do change on Monday then email will NOT be send on Monday; they always send a day in advance.
I do not mind higher rates but your info is fishy...
pooreva and Dean:
You may question the veracity of info provided to me by phone by two different CSRs, but don't question my honesty. Just phone Hubert yourself. Ask to speak to a fish!
9:27 pm
October 21, 2013
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GR has a sterling reputation in my books for providing advance notice based on conversations with CSRs and deserves our thanks for continuing to bother to let us know.
In the unlikely event that GR received the wrong info, it would likely be the first such occasion.
4:39 am
January 1, 2018
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GR, I just want to echo what Loonie said; I appreciate your advance information and more importantly, your honesty ! Thanks. 🙂
7:11 am
March 30, 2017
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Jim Sherat said
GR, I just want to echo what Loonie said; I appreciate your advance information and more importantly, your honesty ! Thanks. 🙂
Yup he hasn’t been wrong yet and the heads up is much appreciated.
For those that question the source and such, just relax. As long as the info is correct, the source is irrelevant.
7:27 am
April 2, 2018
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GR said
pooreva and Dean:
You may question the veracity of info provided to me by phone by two different CSRs, but don't question my honesty. Just phone Hubert yourself. Ask to speak to a fish!
My apologies to GR. Your info has been 100% correct.
Eric from Hubert confirmed rates as of Monday (19th).
This is first Hubert provided rates in advance by phone/chat. It must be something to do with new management...
7:39 am
January 4, 2015
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FYI, A number of months ago a Hubert rep also told me on the phone about an increase upcoming in a day or two.
7:57 am
February 7, 2019
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It must be a new tactic as I have asked before on a few occasions about possible upcoming changes and the response was always that they treat all their members equally ... No special rates for anyone and the notification of any change all at the same time.
So, when I flipped a 3.25% onto a 4.25% 2 days ago, I didn't bother asking and they didn't offer ...
Oh well, 4.40% vs 4.25% is only $9 on a $25k GIC over the first 90 days ...
| CGO |
7:58 am
September 15, 2017
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New GIC rates I posted in post #42 were confirmed this morning by another CSR - effective Monday, Sept.19.
For existing clients who want a 2 yr. GIC at today's rate of 4.75% (before it drops to 4.40% on Monday), you should be able to do the following this weekend:
Log in to your account and select "create new account" at top of green box. Set up a new 2 yr. GIC at 4.75% and fund it within several days. I don't know how many days they allow.
8:06 am
January 13, 2022
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GR said
pooreva and Dean:
You may question the veracity of info provided to me by phone by two different CSRs, but don't question my honesty. Just phone Hubert yourself. Ask to speak to a fish!
Well said. And I thank you for this heads up.
8:24 am
September 29, 2017
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cgouimet said
It must be a new tactic as I have asked before on a few occasions about possible upcoming changes and the response was always that they treat all their members equally ... No special rates for anyone and the notification of any change all at the same time.So, when I flipped a 3.25% onto a 4.25% 2 days ago, I didn't bother asking and they didn't offer ...
Oh well, 4.40% vs 4.25% is only $9 on a $25k GIC over the first 90 days ...
Isn't there a law that states that you can make changes within 10 days?
8:47 am
December 23, 2018
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Thank you GR for the heads up. Move my 1 yr GIC which is expired today to HISA. Will wait till Monday to move back to 1 yr GIC.
8:53 am
February 7, 2019
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smayer97 said
Isn't there a law that states that you can make changes within 10 days?
Not sure what the rules are exactly. Certainly there is something about backing out of a GIC but the restoration of missed HISA interest and/or rate changes? I don't know.
But I do plan to call after receiving the rate change email to see what the options are.
One option is to close the 4.25% and open a new 4.40%, lose $0.41 for Sep 15 to 19 and gain $9 for the next 90 days for a net gain of $8.59. LOL ...
| CGO |
9:08 am
September 15, 2017
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For Hubert's GICs of 2 to 5 yrs., their website shows that interest, by default, is calculated and compounded annually. My understanding from a discussion with a CSR is that a client can request consideration for an exemption, if annual interest payments are preferred.
Note that we can probably expect Accelerate Financial to change their GIC rates to the same as Hubert's.
9:35 am
April 6, 2013
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cgouimet said
Not sure what the rules are exactly. Certainly there is something about backing out of a GIC but the restoration of missed HISA interest and/or rate changes? I don't know.
…
That's only for cancelling an automatically-renewed GIC.
Financial Consumer Protection Framework Regulations (SOR/2021-181) subsection 6(1) allows 10 business days to cancel an automatically renewed GIC that was issued under Bank Act 627.78(2). Subsection 6(2) allows for no interest to be paid for those ten days when cancelled.
However, Hubert is not bound by those federal regulations as they are not a federally regulated financial institution.
10:02 am
January 12, 2019
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cgouimet said
It must be a new tactic as I have asked before on a few occasions about possible upcoming changes and the response was always that they treat all their members equally ... No special rates for anyone and the notification of any change all at the same time.
. . .
Yes, it appears that the Hubert CSRs have become very inconsistent about
this. Apparently, it now depends on which one we talk to, and how much that one 'Really' knows ❗
Perhaps it involves newbie CSRs who haven't got all their rules down pat yet
... we can only guess.
- Dean
" Live Long, Healthy ... And Prosper! "
10:29 am
December 7, 2011
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cgouimet said
One option is to close the 4.25% and open a new 4.40%, lose $0.41 for Sep 15 to 19 and gain $9 for the next 90 days for a net gain of $8.59. LOL ...
That is not correct.
You will lose $8.42, if you will redeem your $25,000 today (3 days, Sept 15 -Sept 17) and you will gain $9.37 for the next 90 days for a net gain of $0.95
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