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Email this9:25 am
September 24, 2019
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Add to 18mo rates for GICs?
9:40 am
March 15, 2019
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The gap between 12-18 months versus 5 years has really narrowed. This probably means the institutions think longer term rates have peaked.
10:06 am
December 12, 2021
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Or probably means the institutions want us to lock in GIC before all GIC fly much higher.
10:24 am
February 7, 2019
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Alexandra said
Add to 18mo rates for GICs?
If you're asking to add 18mo GIC's to the GIC Table @ https://www.highinterestsavings.ca/gic-rates/, it's been discussed a number of times. Like 7/10Yr GIC's, not enough 15/18Mo GIC's worthwhile to include ...
| CGO |
10:41 am
September 24, 2019
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cgouimet said
If you're asking to add 18mo GIC's to the GIC Table @ https://www.highinterestsavings.ca/gic-rates/, it's been discussed a number of times. Like 7/10Yr GIC's, not enough 15/18Mo GIC's worthwhile to include ...
No, that isn't what I was asking. I was asking for Peter to add to the, for the most part, 18mo GIC listings that you'll find under the GIC rate page. Yesterday he added Motusbank 18 month GIC for example.
10:42 am
March 30, 2017
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COIN said
The gap between 12-18 months versus 5 years has really narrowed. This probably means the institutions think longer term rates have peaked.
Tang is spreading out its funding risk, moving it out the curve from HISA which is 3-6months in general, to the 1y, now further out to 18mth.
1-2y rates will continue to nudge higher if BoC keep hiking into 2023, while 5y will move in a snail pace, except for a couple smaller CU players who may have the niche to take in 5y money. 1y will reach 6% before 5y does if anything...
10:49 am
December 12, 2009
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Alexandra said
Add to 18mo rates for GICs?
I would support adding either a 15-month or an 18-month GIC option to the comparison chart, but not both, and provided there is consensus for the change, of course. Whatever option we decide to add, should we decide to add an additional column, we must not comingle two different non-standard GIC terms within that column (i.e., if we add an 18-month column, do not add FIs' 15-month GIC options to the column, if they don't offer an offer 18-month option), as otherwise we'll end up unfair comparisons and potential for FIs to game the system. 
Cheers,
Doug
10:51 am
January 12, 2019
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cgouimet said
If you're asking to add 18mo GIC's to the GIC Table @ https://www.highinterestsavings.ca/gic-rates/, it's been discussed a number of times. Like 7/10Yr GIC's, not enough 15/18Mo GIC's worthwhile to include ...
As of today, 18 month GICs are mentioned 'below' that ⬆ table, for Motusbank, Oaken, Wealth One, and Wyth.
I believe Alexandra is asking that Tangerine's 18 month GIC be added to that list.
A reasonable request ... No ❓
- Dean
" Live Long, Healthy ... And Prosper! "
11:09 am
February 7, 2019
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Dean said
As of today, 18 month GICs are mentioned below the table, for Motusbank, Oaken, Wealth One, and Wyth.
I believe Alexandra is asking that Tangerine's 18 month GIC be added to that list.
A reasonable request ... No ❓
Dean
Now that I have a bit more clarity, I can see the usefulness but I also suspect that this section of the GIC web page is most likely a non-automated manual process for Peter.
Do we really value this enough to ask Peter to do this? Personally there's a few FIs I deal with that have 15/18Mo GIC's that I occasionally keep an eye on but I wouldn't ask Peter to do that for me. And I'm not going to sign up onto another FI because they have an interesting 18Mo rate this week ...
| CGO |
11:12 am
January 12, 2019
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.
As always ... it's Peter's call.
- Dean
" Live Long, Healthy ... And Prosper! "
11:22 am
September 24, 2019
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cgouimet said
Now that I have a bit more clarity, I can see the usefulness but I also suspect that this section of the GIC web page is most likely a non-automated manual process for Peter.
Do we really value this enough to ask Peter to do this? Personally there's a few FIs I deal with that have 15/18Mo GIC's that I occasionally keep an eye on but I wouldn't ask Peter to do that for me. And I'm not going to sign up onto another FI because they have an interesting 18Mo rate this week ...
Of course, adding to the 18month list is Peter's call. You will see though, that the 18 month rates currently listed are all for FI's that are on our current GIC listings only, so not adding another one. If any of us see something special with a bank currently not on the HISA or GIC listings, then we just mention the fact in the GIC or relevant topics. It seems to work well.
11:33 am
February 7, 2019
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Just expressing my opinion.
And, I do respect yours ...
| CGO |
1:05 pm
April 14, 2021
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agit said
Or probably means the institutions want us to lock in GIC before all GIC fly much higher.
I share your opinion. This has been the 'pattern' for the last couple of rate increases; small increases before announcement day in hopes of catching some anxious fish, who jump into the buying frenzy early.
2:06 pm
May 15, 2007
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Added!
It's definitely reaching the point where I need to automate it or just stop tracking the 18-month rates. We'll see...
3:02 pm
January 12, 2019
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.
Thanks Peter ⬆
Not so much with the 15 month GICs ... but the 18 month GICs are becoming more common these days, and more FIs are offering them. Even some of the Big Banks are offering them now. It's a 'Trend', I'm guessing.
If the 18 month GIC rates can be automated on the chart without too much trouble, it just might be worth it.
What's one more column, eh. 
- Dean
" Live Long, Healthy ... And Prosper! "
5:10 pm
November 8, 2021
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Peter said
Added!It's definitely reaching the point where I need to automate it or just stop tracking the 18-month rates. We'll see...
We have here some of the best hawks in town who will raise the alert, should you miss something. 
9:16 am
March 18, 2021
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COIN said
The gap between 12-18 months versus 5 years has really narrowed. This probably means the institutions think longer term rates have peaked.
The consensus seems to be the financial institutions think interest rates will hit a bottom or trough in 3 years time or late in 2025.
9:19 am
March 18, 2021
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Dean said
.
Thanks Peter ⬆Not so much with the 15 month GICs ... but the 18 month GICs are becoming more common these days, and more FIs are offering them. Even some of the Big Banks are offering them now. It's a 'Trend', I'm guessing.
If the 18 month GIC rates can be automated on the chart without too much trouble, it just might be worth it.
What's one more column, eh.
Dean
My guess is interest rates will start to fall around March 2024 so 18 months would be a couple of months too long a time to tie up money. In the past my guesses have been spot on.
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