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Lower GIC Rates
April 24, 2019
9:19 pm
9:19 pm
Loonie
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April 24, 2019
10:50 pm
10:50 pm
Vatox
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May 27, 2019
7:33 am
7:33 am
Doug
British Columbia, Canada
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GR said
Decreasing all GIC rates. New rates will range from 2.65% for 1 year to 2.85% for 5 years.
That's still reasonable. They held out a long time as a top tier direct-to-consumer GIC producer and likely don't need the funds. They only need as many deposits to fund their mortgages; too many excess deposits are just added cost.
Their rates are likely still enough for depositors looking to renew.
Cheers,
Doug
May 27, 2019
1:57 pm
1:57 pm
Bud
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2.85@5yrs is a rip off
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