Oct 17 GIC rate increases | Hubert Financial | Discussion forum

Hubert today increased GIC rates, the 5, 4, 3 and non-redeemable 1-year went up by 10 basis points. The 1-yr quarterly-term cashable rate did not go up. It looks like they are building up a gap between it and the regular 1-year, as the cost of the quarterly/cashability advantages. If so, it will still be useful as a higher-paying HISA alternative/90-day GIC, but it won't be quite as attractive as before when it was paying out the Manitoba CU 1-year rate.

One-Year Quarterly Term
5.20%

One-Year Non-Redeemable
5.55%*

Two-Year Term:
5.65%

Three-Year Term:
5.25%*

Four-Year Term:
5.05%*

Five-Year Term:
5.05%*