All GIC & Savings Rates Down March 4, 2021 | Implicity Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
All GIC & Savings Rates Down March 4, 2021
March 3, 2021
11:40 am
GR
Member
Members
Forum Posts: 673
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline
Go to Top
1sp_Permalink sp_Print

High Interest Savings 1.10% (currently 1.20%)
TFSA Savings 1.10% (currently 1.20%)
RRSP Savings 1.10% (currently 1.20%)
RRIF Savings 1.10% (currently 1.20%)

GIC/ RRSP/ RRIF/ TFSA Term Deposits
1 Year 1.15% (currently 1.30%)
2 Year 1.35% (currently 1.50%)
3 Year 1.35% (currently 1.55%)
4 Year 1.45% (currently 1.60%)
5 Year 1.60% (currently 1.80%)

March 3, 2021
1:14 pm
2of3aintbad
Member
Members
Forum Posts: 317
Member Since:
February 24, 2015
sp_UserOfflineSmall Offline
Go to Top
2sp_Permalink sp_Print

Not that I would buy a 5 year GIC at either 1.8 or 1.6, but that is a drop of more than 10% in the yield, which I suppose is a sign of the times.

March 3, 2021
3:01 pm
topgun
Member
Members
Forum Posts: 452
Member Since:
September 6, 2020
sp_UserOfflineSmall Offline
Go to Top
3sp_Permalink sp_Print

Nothing wrong with buying a 5 year GIC at 1.6% if you are using a 5 year ladder investment strategy. My current yield is 2.8%. My next planned 5 year purchase is next year.

Have a Great Day

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.