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Saven Financial 6 Month GIC at 5.0%
September 18, 2024
11:38 am
wendmark
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August 10, 2024
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September 18, 2024
1:38 pm
JohnnyCash
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wendmark said
https://savenfinancial.ca/en/on-gics  

Hmm, am I reading things correctly, seems Saven is allowing non-Ontario residents to join with the exception of Quebec, possibly a language issue:

https://savenfinancial.ca/join-us/servletcontroller

From the T&C's:

" By applying for a Saven Financial account, you agree and consent to the following:

To have us verify your identity as required by law and to provide us with any documentation we believe necessary to do so.

To have us verify information provided by you using credit bureaus, credit reporting agencies or other parties, including but not limited to, telecommunications and utility providers.

That you, the account holder must be at least 18 years of age and a Canadian resident (excluding Quebec).

That no account will be opened under a Power of Attorney for the benefit of a third party."

September 18, 2024
1:46 pm
ponyFlower
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October 18, 2023
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Is this a new offer? This seems quite attractive!

September 18, 2024
9:55 pm
Norman1
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April 6, 2013
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Yes, it's a new offer. Part of a campaign launched yesterday: Saven Financial launches new campaign…

September 21, 2024
5:13 am
KamWest
Toronto
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December 20, 2019
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It makes no sense to lock in at 5% for 6 months, the rates will be too low on renewal.

You can lock in as high as 4.75% for a year at the moment (according to the charts) and that's a better safer deal.

September 21, 2024
5:34 am
zgic
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August 30, 2023
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I think it is a very good deal as going forward the shortest terms will have better deals, so you get best of both worlds, good cash flow and best deals.

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