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Email this3:21 pm
October 29, 2017
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Was on the site looking around and noticed the GIC rates dropped.
The one year was 1.65% and the five year is now 2.05%.
4:25 pm
December 20, 2016
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Additionally, e-savings along with TFSA interest rate is down to 1.60%
Identical rates at Peoples Bank
Stephen
7:25 am
October 11, 2015
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I guess I got in under the wire. I just opened accounts with People's Trust in mid August. It took them a while to actually open the accounts. I sent a cheque through SecureShare on August 16th and when I didn't hear anything, I called them at the end of August. They honoured the rate which was 1.9% for a 2 year GIC but wouldn't backdate the GIC, however they gave me that extra interest ($70) and placed into my e-account. So far, I am happy with them. But I need more institutions to invest in as my have a large GIC coming due and I am maxed out at EQ, Oaken, and now People's. Any suggestions?
8:16 am
December 20, 2016
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dentgal said
........ I need more institutions to invest in as my have a large GIC coming due and I am maxed out at EQ, Oaken, and now People's. Any suggestions?
Depending on the length of term you are considering.....
Some suggestions would be Concentra , Wealth One, Maxa, as well as calling some deposit brokers for unadvertised specials...example GIC Wealth Mgmt etc.
Sometimes one of the ethnic credit unions will give a higher rate for a substantial deposit when the request is relayed by the local manager to their head office.
Stephen
8:56 am
November 7, 2014
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Depends on term. Personally, I feel the rates have about bottomed out for most FIs. You likely don't want long term right now, but you may want the flexibility to cash a GIC for a better opportunity in the future. Hubert's 1 year cashable GIC comes to mind. It gives you an "OK" rate, compounded quarterly interest and is cashable. Also unlimited Manitoba CU deposit insurance.
There are no terrific options out there right now that I am aware of.
The first three months: 1.55%*
Months four to six: 1.65%*
Months seven to nine: 1.75%*
The last three months: 1.85%*
See website for details:
https://www.happysavings.ca/products/terms/one-year-terms/
10:27 am
December 20, 2016
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gicjunkie said
... Personally, I feel the rates have about bottomed out for most FIs........Hubert's 1 year cashable GIC comes to mind. ......
See updated rate decrease effective Sept 4
Stephen
3:02 pm
November 7, 2014
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Nehpets said
See updated rate decrease effective Sept 4
Stephen
"Curses! Foiled again!!
4:44 pm
April 15, 2015
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Just sent money from ending Tang promo at 2.8% over to PT.Rep gave me 1.8% for 15 month GIC.The other 1/2 will go to LBC for 1.85% GIC.
9:28 am
September 15, 2017
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Peoples dropped GIC rates, including 1 yr. @ 1.45%.
https://www.peoplestrust.com/en/peoples-trust/high-interest-accounts/rates/
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