Personal Finance

GIC and HIS rates at big bank on-line brokerages vs small banks

  • Last Updated:
  • Oct 20th, 2022 11:30 am
[OP]
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Mar 17, 2008
450 posts
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Ontario

GIC and HIS rates at big bank on-line brokerages vs small banks

I have noticed recently that BMO Investorline offer GIC and HIS yields that are close to or even better than the small banks. Certainly better than same BMO GICs if you go to a BMO branch or the rates from various lenders that are posted in the other BOC/GIC thread.

It hasn't always been like this at BMOIL. Do those of you with TD/RBC/CIBC/Scotia/National on-line brokerages see the same thing?

At BMOIL today, these were the best rates on offer .

1yr: SBI 4.63%; BMO 4.58%
2yr: PC 4.75%; BMO 4.9%
3yr: HE 4.84%; BMO 4.81%
4yr: HE 4.85%; BMO 4.82%
5yr: HE 4.88%; BMO 4.84%

HIS accounts C$ 2.9%; US$ 2.75%

With inflation at 6.9%, in real terms, these are still a losing proposition, but getting better.
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