Where are the rate increases? | Hubert Financial | Discussion forum

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Where are the rate increases?
July 26, 2018
6:44 pm
christinad
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I've never kept track of Hubert's rate increases. Is there any pattern to them in relation to BOC increases? eg. do they take a few weeks to raise rates. I'm disappointed there hasn't been a rate increase yet.

July 26, 2018
7:33 pm
Kidd
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I am of the opinion... banks and credit unions, only increase their savings and gic rates when they are in need of cash. They are under no obligation to raise their rates. PROFIT$ is the name of their game.

July 26, 2018
7:46 pm
Loonie
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Hubert is not usually first off the mark with increases following BoC.
I would give them a few weeks, even months.

July 26, 2018
7:53 pm
christinad
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Thanks. Now I think i'm glad i bought a bit of that 2 year gic special.

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