Personal Finance

Oaken to raise GIC rates (e.g. to 3.25% for 5-years)

  • Last Updated:
  • Feb 14th, 2018 8:26 am
Deal Fanatic
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Sep 8, 2007
5947 posts
Way Out of GTA
Hubert a Manitoba credit Union is running a 3.25% 4 year GIC right now.

Not CDIC though.

Right now it almost seems like there's 10bps being added to the 5 yr each week...and 3.25% still feels sorta low. We should be well over 4% at this point in the cycle. The tail end of rates that were too low for too long.