GIC Rates Increase | Page 2 | Motive Financial | Discussion forum

GR said in post 15
All GIC rates are up for non-registered and registered GICs, including 5.60% for 1 yr. and 5.50 % for 2 yrs.

https://www.motivefinancial.com/en/rates  

I suppose most FI have done their rate adj by now, if they want to. Today I bought a 16-month term TFSA at 5.60%

Any one know Motive allows any grace period, I have opened recently a ten year GIC non registered and TFSA , but the rate has changed from 5.05% to 5.2%.
I would like to cancel losing interest and renew if allowed.

Dean said
.

Hey Dude . . .

Go here ➡ https://www.motivefinancial.com/en/about-us/contact-us

You're Welcome

Dean

  

I appreciate your sarcasm. But the waiting time can be abysmal.

We are currently experiencing higher than normal call volumes. For non-urgent requests: please leave a message to receive a call-back, or email info@motivefinancial.com. Messages will be returned in the order that they are received.

Dean said

UkrainianDude said

. . . please leave a message to receive a call-back . . .

I usually get a call-back from them, in ~ 2 hours.

To each, their own.

Dean

  

Have you tried recently?? Not long ago I waited on hold for about 2 hrs. While on hold, the messages I heard many, many times stated that the timeframe for a callback (rather than waiting on hold) would be 1-2 days - and then you have to hope that you're available then and that there isn't a weekend coming up to delay things another 2-3 days.

I called Motive yesterday (August 28). I ignored the offer for a call-back.
I was on hold for less than 1 hour before the call was picked up. Our issue was handled expeditiously and in a friendly manner.

Received by email this a.m.

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GR said
All GIC interest rates increased including 1 yr. @ 5.30%. 2 yrs. @ 5.25% and 5 yrs. and 7 to 10 yrs. @ 4.95%.
GICs do not need to be exactly 1 yr. or 2 yrs., etc. For example, the rate of 5.30% would apply to GICs for a term of 1 yr. to under 2 yrs. (e.g. 23 months).
Reminder that Motive pays monthly interest at same rate as annual for clients ages 57+.

https://www.motivefinancial.com/en/rates  

Thanks for this information. I did not realize you could change the term to months vs. exactly 1 yr or 2 yr etc.

Reminder that Motive will auto renew GIC unless you request otherwise.

Nov 6 GIC rates update:
1yr 6.00% (was 5.80%)
2yr 6.00% (was 5.80%)
3yr 5.50% (no change)
4yr 5.30% (no change)
5yr 5.30% (no change)

Greedy Guy said

Nov 6 GIC rates update:
1yr 6.00% (was 5.80%)
2yr 6.00% (was 5.80%)
3yr 5.50% (no change)
4yr 5.30% (no change)
5yr 5.30% (no change)  

Thanks for the Heads-Up ⬆, Greedy ... Much Appreciated !

Now we have two FIs offering 1&2Yr GICs @ 6.00% ... Motive & Oaken.

GIC Chart: https://www.highinterestsavings.ca/gic-rates/

Any bets on who'll be next ?

Dean