2023 04 14 GIC Rates Decrease | Meridian Credit Union | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





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

sp_Feed Topic RSS sp_TopicIcon
2023 04 14 GIC Rates Decrease
April 12, 2023
3:23 pm
Nehpets
Ontario
Member
Members
Forum Posts: 994
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline

The following rates are changing as of Friday, April 14:

Source
1 Year Cashable GIC
Current Rate: 4.00%
New Rate: 3.75%

1 Year Non-Redeemable GIC
Current Rate: 4.75%
New Rate: 4.65%

18 Month Non-Redeemable
Current Rate: 4.75%
New Rate: 4.65%

2 Year Non-Redeemable GIC
Current Rate: 4.70%
New Rate: 4.60%

Stephen

April 12, 2023
4:21 pm
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 2156
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline

.
Seems the rates at most FI's are slowly heading ... it's 'The Trend' now.

The only exceptions appear to the GIC Brokers.

Guess we gotta get used to it ... Meh sf-confused

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

April 12, 2023
5:17 pm
HermanH
Member
Members
Forum Posts: 1242
Member Since:
April 14, 2021
sp_UserOfflineSmall Offline

Don't know about a downward trend. Rotenberg told me that Haventree rates are 1-yr 5.43%
5.47
5.37
5.30
5.30 5-yr

Those are pretty darn good. 95K min

May 9, 2023
1:09 pm
Nehpets
Ontario
Member
Members
Forum Posts: 994
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline

Meridian posts yet another round of rate decreases on their website:

The following rates are changing as of Thursday, May 11:

1 Year Cashable GIC(1)
Current Rate: 3.75%
New Rate: 3.50%

1 Year Non-Redeemable GIC
Current Rate: 4.65%
New Rate: 4.45%

18 Month Non-Redeemable GIC
Current Rate: 4.60%
New Rate: 4.40%

2 Year Non-Redeemable GIC
Current Rate: 4.60%
New Rate: 4.40%

3 Year Non-Redeemable GIC
Current Rate: 4.50%
New Rate: 4.30%

4 Year Non-Redeemable GIC
Current Rate: 4.50%
New Rate: 4.30%

5 Year Non-Redeemable GIC
Current Rate: 4.50%
New Rate: 4.30%

3 Year Escalator GIC(2)
Current Average Yield: 4.50%
New Average Yield: 4.30%

5 Year Escalator GIC(2)
Current Average Yield: 4.50%
New Average Yield: 4.30%

3 Year Raise the Rate GIC(3)
Current Rate: 4.25%
New Rate: 4.05%

5 Year Raise the Rate GIC(3)
Current Rate: 4.25%
New Rate: 4.05%

60-Day Non-Redeemable GIC
Current Rate: 2.75%
New Rate: 2.50%

90-Day Non-Redeemable GIC
Current Rate: 3.00%
New Rate: 2.75%

180-Day Non-Redeemable GIC
Current Rate: 3.75%
New Rate: 3.50%

270-Day Non-Redeemable GIC
Current Rate: 4.25%
New Rate: 3.75%

RESP Savings Account
Current Rate: 4.25%
New Rate: 4.05%

Stephen

Please write your comments in the forum.