Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this9:08 am
September 24, 2019
Offline
Peoples Trust and Peoples Bank offer a 15 Month GIC @1.55% as well as the one year at that rate. Should be with the promo's along with Oaken's. I purchased one yesterday because I don't want to beg Tangerine for their latest promo on HISA.
8:22 am
January 12, 2019
Offline
.
FWIW ... Oaken's 18 month rate, is the same as their 3 year rate: 1.60%
- Link ➡ https://oaken.com/gic-rates/
A pretty good deal, in these times ❗
- Dean
" Live Long, Healthy ... And Prosper! "
12:59 pm
November 18, 2017
Offline
When I spoke to Peoples Trust a few days ago to buy some of their 1.55% 1-year paper, I had intended to get the 18-month term to bring me closer to the end of the year. PT/PB don't have any Tax-Free transfer-out fee, but a renewal date later in the year would give me more freedom if I move that money, in the future, to an institution WITH such fees.
(As most of us here know, withdrawing from a TFSA/TFGIC near the end of a year and then re-depositing in the new year avoids transfer fees in many cases.)
Unfortunately, PT advised me the 18-month term is ONLY available on NON-REGISTERED term deposits. I haven't been able to get through today to confirm this, though,
RetirEd
RetirEd
1:19 pm
September 24, 2019
Offline
As far as I can see, PT & PB don't have an 18 month GIC. They have a 12 month and 15 month one at 1.55%. They only have the 15 month one for non-registered GIC's.
3:54 pm
November 18, 2017
Offline
Whoops, sorry. I should have typed 15-month. But Alexandra's note about that term being only for non-registered is correct.
RetirEd
RetirEd
11:19 am
October 27, 2020
Offline
What's the difference between People's Trust and People's Bank?
12:27 pm
September 24, 2019
Offline
Peoples Trust & Peoples bank come under Peoples Group. You are insured under CDIC for each of them. Basically the same as Home Bank and Home Trust and Canadian Western Bank and Canadian Western Trust.
1:53 pm
April 6, 2013
Offline
Peoples Bank is a bank owned by Peoples Trust:
Peoples Group Receives Letters Patent of Incorporation for Peoples Bank of Canada
VANCOUVER, B.C. (July 16th, 2019) – Peoples Group has received a Notice of Approval from the Office of the Superintendent of Financial Institutions (OSFI), and the Minister of Finance (Canada), for the incorporation of Peoples Bank of Canada. This new Schedule I Bank, a wholly-owned subsidiary of Peoples Trust Company, will be headquartered in Vancouver, British Columbia. Once the commencement order is received from OSFI, the new bank will be open for business. …
2:33 pm
October 27, 2020
Offline
Norman1 said
Peoples Bank is a bank owned by Peoples Trust:Peoples Group Receives Letters Patent of Incorporation for Peoples Bank of Canada
VANCOUVER, B.C. (July 16th, 2019) – Peoples Group has received a Notice of Approval from the Office of the Superintendent of Financial Institutions (OSFI), and the Minister of Finance (Canada), for the incorporation of Peoples Bank of Canada. This new Schedule I Bank, a wholly-owned subsidiary of Peoples Trust Company, will be headquartered in Vancouver, British Columbia. Once the commencement order is received from OSFI, the new bank will be open for business. …
Why then is People's Trust included in the HISA and GIC charts, and not People's Bank?
3:49 pm
May 15, 2007
Offline
The reason is that Peoples Trust came first and they've always had the same rates. I suppose there is no harm in having a second entry for Peoples Bank.
4:41 pm
October 21, 2013
Offline
I think it would just add more clutter to show both separately. Perhaps the name could just be changed to "Peoples Trust or Bank".
Please write your comments in the forum.