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

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All GIC & Savings Rates Down March 4, 2021
March 3, 2021
11:40 am
GR
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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
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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
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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

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