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All GIC & Savings Rates Down
May 1, 2020
6:25 am
GR
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Savings accounts 1.75%.

Guaranteed Investments - Non-Redeemable (Personal Only)
6 Months 1.80%
1 Year 2.05%
2 Years 2.10%
3 Years 2.20%
4 Years 2.20%
5 Years 2.30%

May 1, 2020
7:29 am
Doug
British Columbia, Canada
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GR said
Savings accounts 1.75%.

Guaranteed Investments - Non-Redeemable (Personal Only)
6 Months 1.80%
1 Year 2.05%
2 Years 2.10%
3 Years 2.20%
4 Years 2.20%
5 Years 2.30%  

Looks like they're leading us lower.* I thought it'd be one of the Manitoba CUs, but I expect the others to follow throughout the month of May, with Motive Financial and LBC Digital going to 2-2.05%, the effective upper bound.

Cheers,
Doug

*Notwithstanding outliers Alterna and Motus that tend to be below the rates of the Manitoba CUs.

May 1, 2020
9:10 am
Bud
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May 5, 2020
9:38 am
Vatox
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Bud said
You missed their best current deal this 3yr esc.

https://www.wealthonebankofcanada.com/viewport/mobile/Personal/ProductsAndServices/Investing/EscalatorGIC/  

It’s not 2.49% annual compound equivalent anymore, it’s 2.23%

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