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Omnia Direct (Ontario Only) Increases GIC Rates
December 24, 2019
8:01 am
GR
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New GIC interest rates:

1 year 2.60%
2 years 2.70%
5 years 2.80%

Good experience dealing with them.

December 24, 2019
8:49 am
Doug
British Columbia, Canada
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GR said
New GIC interest rates:

1 year 2.60%
2 years 2.70%
5 years 2.80%

Good experience dealing with them.  

Yeah, Stephen (Nehpets) really likes them, and has dealt with them in the past. Those are among the top GIC rates, so they're back being competitive again. sf-cool

Also, Omnia Direct is one of the CU divisions in Ontario that accepts out of province residents despite their signup form saying they are limited to Ontario only. Multiple residents from Alberta have had no problems opening memberships with them. No questions asked. In one case, the Omnia Direct representative told the customer they welcome out of province residents, but just don't advertise it.

On that basis, I would have no problem with adding Omnia Direct to the GIC chart as they now top the GIC chart leaderboard. Peter, can you create a profile page for and add Omnia Direct to the GIC chart?

Cheers,
Doug

December 24, 2019
11:56 am
Canadianbull
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Do they provide registered GIC? I live in Alberta. I whould assume I will need to mail out the cheque?

December 24, 2019
12:15 pm
Nehpets
Ontario
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Doug said
....Stephen (Nehpets) really likes them, and has dealt with them in the past. Those are among the top GIC rates, so they're back being competitive again. ... 

Yes, my experience with Omnia has been very positive, with helpful and knowledgeable CSR's. Sometimes the phone is answered by one of the executive personnel as well.

Canadianbull said
....Do they provide registered GIC? I live in Alberta. I would assume I will need to mail out the cheque?  

Omnia online only services are bare bones, and I do not believe they offer registered GIC's as opposed to their parent WFCU Credit Union

Account opening procedure:

Pre-printed cheque with the same name(s) that were entered on the application.
Dated with current date.
Pay to the order of 'your own name'.
Amount inputted in the application that you want to invest.
Reference the account number provided to you.
Sign the cheque.
Ensure cheque is issued by a Canadian financial institution.

They use this information to EFT transfer matured funds back to that FI, or any other FI of your choice.

Stephen

December 28, 2019
12:41 am
Pennywise
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Hi
I have used omnia for gics for about two ysars
They are very reliable and have only positive experience with them.
Kelly Tiede is my contact she is very nice to deal with and offers great customer service.
ktiede@wfcu.ca

I think invest with confidence.

January 6, 2020
7:52 pm
Bud
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not feelin it

January 8, 2020
7:59 am
Bud
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Omnia doesnt allow opening of account unless purchasing gic they have no savings account. They can link electronically apparently and may still have ur old account info on file

January 21, 2020
3:46 pm
maGIC
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I just noticed Omnia has a 5 year GIC at 3% now
https://omniadirect.ca/5-year-gic

January 23, 2020
8:49 am
hwyc
GTA
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5 yr seems a very long time. Time itself to me is an increasingly precious commodity.

January 29, 2020
7:22 am
hwyc
GTA
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Look again today - 3-year & 4-year up as well

  • 1-year @ 2.60%
  • 2-year @ 2.70%
  • 3-year @ 2.80%
  • 4-year @ 2.90%
  • 5-year @ 3.00%
  • 1-year USD @ 1.00%

sf-smile spring must be around the corner

January 29, 2020
7:50 pm
Bud
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Thks for update

Have we seen the last jump in their rates

Whats more attractive the 3 or 5

February 1, 2020
9:53 pm
Bud
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3yr@2.8% or 5yr@3% anyone have an opinion would it be a mistake to do the 3yr?

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