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Email this7:15 pm
December 12, 2021
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5.00% for 5 Years starting Friday Jun 24, 2022
4.05% for 1 year
6% next by the end of the summer??
10:12 pm
May 26, 2022
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Effective June 24:
1 year 4.05%
18 months 4.3%
2 years 4.5%
3 years 4.6%
4 years 4.65%
5 years 5.0%
5:17 am
September 7, 2018
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5.00% for 5 Years starting Friday Jun 24, 2022
4.05% for 1 year6% next by the end of the summer??
Guess they must be putting out enough loans, financing over the 5% to keep them profitable.
8:08 am
January 12, 2019
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.
Just two days ago, I guessed we Might see 5Yr GICs @ 5.0%, 'Maybe' by the end of the summer. Hello 'end of the summer' ... LOL 
I wonder ... what surprises are in order for us next ❓❗
- Dean
" Live Long, Healthy ... And Prosper! "
8:15 am
February 7, 2019
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Dean said
.
Just two days ago, I guessed we Might see 5Yr GICs @ 5.0%, 'Maybe' by the end of the summer. Hello 'end of the summer' ... LOLI wonder ... what surprises are in order for us next ❓❗
Dean
One question is whether the Jul BoC expected .75% is baked into this or not ...
Or, I wonder if "two many" of us are holding back on medium/long deposit commitments to support their lending businesses.
| CGO |
8:30 am
April 21, 2022
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cgouimet said
One question is whether the Jul BoC expected .75% is baked into this or not ...
Or, I wonder if "two many" of us are holding back on medium/long deposit commitments to support their lending businesses.
I would say, yes to both.
Further, on the second question. If " too many of us " are holding back, that's a good thing as it also forces the banks to resort to increasing the rates on HISA as they are currently dismal.
8:51 am
November 8, 2021
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Does anyone know if the new rates apply to GICs purchased within the 7 days prior to June 24, as was the case here?
9:02 am
February 7, 2019
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BlueSky said
Does anyone know if the new rates apply to GICs purchased within the 7 days prior to June 24, as was the case here?
Perhaps you need to get on their email rate alert ...
"These new rates will be applied automatically for all corresponding GICs booked on Friday, June 17th, 2022 or later. All other Oaken rates will remain unchanged."
| CGO |
9:05 am
December 12, 2021
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From 1982 to 1996 the CPI between 2.2% and 5.3% except 1982 9.3% and 5 Years GIC between 6.2% and 11% according to ratehub.ca
my question isnt still too early and we should see 5 Yrs at least 6% in the next 3-6 months??
9:16 am
January 3, 2009
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Dean said
.
Just two days ago, I guessed we Might see 5Yr GICs @ 5.0%, 'Maybe' by the end of the summer. Hello 'end of the summer' ... LOLI wonder ... what surprises are in order for us next ❓❗
Dean
I remember getting 13% on a 1yr GIC at TD of all place in the 80's, so there's a lot of room left for surprises yet.
9:20 am
February 7, 2019
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phrank said
I remember getting 13% on a 1yr GIC at TD of all place in the 80's, so there's a lot of room left for surprises yet.
All my spare cash was going to paying down an 18% mortgage back then ... 🙂
| CGO |
9:53 am
September 7, 2018
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cgouimet said
All my spare cash was going to paying down an 18% mortgage back then ... 🙂
Yes I worked with a colleague who was paying I think 20% on her mtge. I was able to buy a limited amount of CSBs @ I think it was 19% interest for the first year.
It is going to be a very interesting next few years if rates rise to those previous levels.
10:17 am
September 24, 2019
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canadian.100 said
Yes I worked with a colleague who was paying I think 20% on her mtge. I was able to buy a limited amount of CSBs @ I think it was 19% interest for the first year.
It is going to be a very interesting next few years if rates rise to those previous levels.
Yes the CSB's were @ 19%, maybe in 1981? I got some then. But when I did, the government set a limit I believe @ around $15K? Can't remember exactly.
10:25 am
March 15, 2019
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phrank said
I remember getting 13% on a 1yr GIC at TD of all place in the 80's, so there's a lot of room left for surprises yet.
That was probably during the Reagan/Volcker recession in the early 1980's.
10:28 am
January 13, 2022
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phrank said
I remember getting 13% on a 1yr GIC at TD of all place in the 80's, so there's a lot of room left for surprises yet.
I remember buying my first GIC in 1982, I think. Eaton Trust (Eaton's department store had a trust company back then). 18 percent interest for a one year GIC. I thought life was going to be pretty simple at that point...
10:43 am
September 7, 2018
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Alexandra said
Yes the CSB's were @ 19%, maybe in 1981? I got some then. But when I did, the government set a limit I believe @ around $15K? Can't remember exactly.
Yes - probably 1981 - and yes there was a limit you could buy - I told my mom and dad - BUY these - unfortunately the 19% was only for the first year - I don't remember the rate set by Govt for the second year. There were also Province of Ontario Savings which put out high rate stuff too. and yes I remember GICs were 10% during that period but those ultra high rates did not last all that long.
11:26 am
October 21, 2013
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This historical perspective is important as we look fondly at 5% now and dream of 6 or 7.
Remember, we are still being scr*wed. Savers were likely better off with very low rates and very low inflation. I know I was.
However, in approx 1992, we bought long provincial bonds at 12% and were very happy with them. I'm hoping for another opportunity, thus not keen on long GICs with minimal spread between one and five year rates. 
12:38 pm
September 7, 2018
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Loonie said
This historical perspective is important as we look fondly at 5% now and dream of 6 or 7.
Remember, we are still being scr*wed. Savers were likely better off with very low rates and very low inflation. I know I was.
Yes - absolutely correct - I think the lights have finally turned on for some of you.
12:45 pm
February 7, 2019
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Loonie said
This historical perspective is important as we look fondly at 5% now and dream of 6 or 7.
Remember, we are still being scr*wed. Savers were likely better off with very low rates and very low inflation. I know I was.However, in approx 1992, we bought long provincial bonds at 12% and were very happy with them. I'm hoping for another opportunity, thus not keen on long GICs with minimal spread between one and five year rates.
And many borrowers who went way overboard were doing a lot the scr*wing. But they're now starting to sweat as the see the scr*wing coming back at them ...
| CGO |
3:45 pm
March 18, 2021
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I'm already limit up at Home Bank and Home Trust. I wish they'd raise the insurance limit to $250,000 from $100,000. I hope Oaken can survive without a bailout. Buffett has a small vested interest in Home Capital. EQ Bank would be in the same boat. Fortunately Trudeau is Prime Minister. I think in today's age people won't have to wait long to get reimbursed if their principle and interest combined are $100,000 or less.
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