Peoples Trust new GIC rate | Peoples Trust | Discussion forum

Moneyman2 said
Peoples Trust 1 year GIC reaches 4.70%. I'm locking in if/when any reach or come close to 5.00%. Getting 4.25% with an esavings account with CIBC. GL
https://www.peoplestrust.com/en/peoples-trust/high-interest-accounts/rates/  

Now it's at 4.80% ... not sure it is going to get to 5.00% - but it is the best in the market right now..

savemoresaveoften said
Thanks for the heads up. Able to up my rate from 4.6 to 4.8 without losing accrued interest and kept original start date.
Their customer service is second to none when it comes to rate protection. I am at day11 and manager allowed new rates even tho cutoff is 10 days which is already very generous in my mind.  

SMO, it's my turn to thank you for the foresight to pursue this. I decided to give it a try with my Sep 14 GIC purchase. Guess I am not the sweet talker you are - I only managed an increase to 4.7%. Still, I am pleased with the extra $52.37 this GIC will earn (darn, it could have been $105 ). I agree with you that People's has good service and , as it stands now, I will take out another GIC in Oct. with them. Next step will be to add a People's Bank account to extend my CDIC coverage.

Again, thanks for the tip.

Don't know about monthly pay but the number 1.855.683.2881 has worked well for me last few days, relatively short time on hold.
Curiously their phone message says their offices are closed, still due to virus - ?

I was calling to get them to lift the hold on funds transferred in so I could buy a GIC now, which they did.

No success Monday nor today (Tuesday). Waited 25 min while the background music etc. played - left messages for call back, sent emails to both People’s Bank and Trust. Never got call back nor email response. Maybe tomorrow? Glad it is not an urgent query.

I see.
So they may have a backlog of calls to respond to from people who did not expect them to be closed Friday.
As far as I can make out, they have a very small staff. It seems I always get the same guy whenever I call but I haven't called for a while. He's always helpful though.

Loonie said
I see.
So they may have a backlog of calls to respond to from people who did not expect them to be closed Friday.
As far as I can make out, they have a very small staff. It seems I always get the same guy whenever I call but I haven't called for a while. He's always helpful though.  

think we get the same guy all the time. 🙂
Yes he is friendly, helpful and very efficient.

For information if anyone is interested, Peoples does not offer monthly interest option on their GICs - annual interest only.

I too have been told that monthly interest is not available on GICs

Martster: I visited the Dunsmuir offices of PT/PB in the second week of August (don't want to make it easy to identify me from details here) and the door was still locked. I had to knock on it a minute or two, even with an appointment, before being admitted.

Just now, I phoned their line and the recording has changed; the "by appointment only" qualification is indeed gone. I think I last heard it more recently than three weeks ago, but have no way of checking.

GR: I've been with PT for over a decade, and while I'm willing to search back records that's a LOT to go through. Could you point me to the other thread so I can try to zero in on the records?
RetirEd