All GIC Rates Up Slightly | Wealth One Bank of Canada | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
All GIC Rates Up Slightly
October 5, 2021
6:25 am
GR
Member
Members
Forum Posts: 676
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline
Go to Top
1sp_Permalink sp_Print

GIC interest rates now range from 1.50% for 1 year to 2.10% for 5 years.

https://www.wealthonebankofcanada.com/Personal/Rates/TermDeposits/

(Not shown here are current limited time promos of 2.88% for 5 years directly with Wealth One and 18 month promo rate probably still with GIC agents only.)

October 5, 2021
10:21 am
HermanH
Member
Members
Forum Posts: 1317
Member Since:
April 14, 2021
sp_UserOfflineSmall Offline
Go to Top
2sp_Permalink sp_Print

GR said
(Not shown here are current limited time promos of 2.88% for 5 years directly with Wealth One and 18 month promo rate probably still with GIC agents only.)  

I must have missed it, but what is the 18-mo promo rate?

October 5, 2021
2:29 pm
GR
Member
Members
Forum Posts: 676
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline
Go to Top
3sp_Permalink sp_Print

HermanH said
I must have missed it, but what is the 18-mo promo rate?  

Some GIC agents, such as Monarch Wealth in Toronto, last week, had Wealth One Bank 18 mos. at about 1.72% p.a.

October 5, 2021
2:32 pm
Loonie
Member
Members
Forum Posts: 9425
Member Since:
October 21, 2013
sp_UserOnlineSmall Online
Go to Top
4sp_Permalink sp_Print

GICWealth currently advertising 1.68

October 5, 2021
2:37 pm
GR
Member
Members
Forum Posts: 676
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline
Go to Top
5sp_Permalink sp_Print

Loonie said
GICWealth currently advertising 1.68  

For those in the GTA who might be interested in an 18 month GIC, Monarch Wealth rate line today offers 1.76%.

October 5, 2021
10:30 pm
Loonie
Member
Members
Forum Posts: 9425
Member Since:
October 21, 2013
sp_UserOnlineSmall Online
Go to Top
6sp_EditHistory sp_Permalink sp_Print

Can someone give me a link for Monarch? Google is not cooperating and there seem to be several companies with similar names. Thx.

October 5, 2021
11:03 pm
Norman1
Member
Members
Forum Posts: 7418
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
Go to Top
7sp_Permalink sp_Print

gicjunkie gave a link to them in the thread Monarch Wealth Corp - Deposit Broker.

October 6, 2021
8:09 am
Loonie
Member
Members
Forum Posts: 9425
Member Since:
October 21, 2013
sp_UserOnlineSmall Online
Go to Top
8sp_Permalink sp_Print

Thanks.
Interesting that they don't show 18 month rates; and some of the best rates are only for non-registered.

October 6, 2021
8:29 am
Norman1
Member
Members
Forum Posts: 7418
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
Go to Top
9sp_EditHistory sp_Permalink sp_Print

Could be just Monarch Wealth's web site is not designed to normally show the rate for 18 month GIC's.

Google search found another Ontario deposit broker that has the same 1.76% 18-month GIC rate: Heritage GIC's in Kingston and Ottawa.

Not in their regular GIC rate table. But, in some text in the left side sidebar. There's also a 2% rate for 30 month GIC's in the market today:

Rates effective: October 6, 2021

Promotions: 18 Months at 1.30% for minimum of $5k, 1.50% for minimum of $20K & 1.76% for minimum of $25K.

30 Months at 1.80% for minimum of $5K and 2.00% for minimum of $20K.

…

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.