Hubert 1-yr Quarterly Term 4.6% avg, Savings account 3.25%, Updated Dec 19, 2022 - Page 4

Jun 10th, 2022 1:51 am

#61

Rockdaddy22: Deal Addict; Nov 26, 2011; 3318 posts; 693 upvotes

Jun 10th, 2022 1:51 am

EQ is now paying 3.75% on a 1 year GIC

Jun 10th, 2022 3:37 am

#62

BiegeToyota: Deal Addict; Dec 13, 2016; 4324 posts; 3848 upvotes

Jun 10th, 2022 3:37 am

Wow...2012 dejavu

+1

Jul 8th, 2022 1:13 pm

#63

bjwcg7tf: Jr. Member; Feb 28, 2007; 180 posts; 120 upvotes; Toronto

Jul 8th, 2022 1:13 pm

hi @DrAcX

When you update your OP regarding new change, could you please also add a new reply so that RFD can sent a notification to subscribed users. TIA

I subscribed before Jul6 and I did not get any notifcation regarding Jul06 increase.

Thanks

Jul 8th, 2022 4:30 pm

#64

DrAcX [OP]: Sr. Member; Jul 25, 2010; 721 posts; 898 upvotes; Vancouver

Jul 8th, 2022 4:30 pm

bjwcg7tf wrote: ↑ hi @DrAcX

When you update your OP regarding new change, could you please also add a new reply so that RFD can sent a notification to subscribed users. TIA

I subscribed before Jul6 and I did not get any notifcation regarding Jul06 increase.

Thanks

sure, will do that next time

+1

Jul 9th, 2022 9:25 am

#65

Scote64: Deal Fanatic; Jan 21, 2018; 7826 posts; 8512 upvotes; Vancouver

Jul 9th, 2022 9:25 am

bjwcg7tf wrote: ↑ hi @DrAcX

When you update your OP regarding new change, could you please also add a new reply so that RFD can sent a notification to subscribed users. TIA

I subscribed before Jul6 and I did not get any notifcation regarding Jul06 increase.

Thanks

If you have an account with them you should get an email about rate changes the day before they take effect.

Jul 15th, 2022 12:26 am

#66

DrAcX [OP]: Sr. Member; Jul 25, 2010; 721 posts; 898 upvotes; Vancouver

Jul 15th, 2022 12:26 am

Updated rates, quarterly +0.35%, savings +0.55%

+3

Jul 15th, 2022 12:50 am

#67

Rockdaddy22: Deal Addict; Nov 26, 2011; 3318 posts; 693 upvotes

Jul 15th, 2022 12:50 am

EQ is now paying 4.3% on a 1 year GIC
5-10 years is paying 5% on a GIC

Jul 15th, 2022 9:58 am

#68

frugal1: Deal Addict; Mar 30, 2009; 1213 posts; 774 upvotes

Jul 15th, 2022 9:58 am

This is almost too good to be true. You're really only locked in for 3 months, but you get way more interest than any high interest savings account. Also, there's no limit to the insurance provided by the Deposit Guarantee Corp of Manitoba. I'm not sure why this is not being discussed more.

For those who bank with Hubert. How easy and quick is it to open an account?

+1

Jul 15th, 2022 11:27 am

#69

cardero: Sr. Member; Sep 14, 2009; 810 posts; 455 upvotes; Kingston

Jul 15th, 2022 11:27 am

frugal1 wrote: ↑ This is almost too good to be true. You're really only locked in for 3 months, but you get way more interest than any high interest savings account. Also, there's no limit to the insurance provided by the Deposit Guarantee Corp of Manitoba. I'm not sure why this is not being discussed more.

For those who bank with Hubert. How easy and quick is it to open an account?

Just opened an account for the 1 year GIC. It does seem a great product to manage probable continued rate increases for the rest of 2022.

Jul 16th, 2022 11:21 pm

#70

magicalsnack: Newbie; May 19, 2021; 37 posts; 29 upvotes

Jul 16th, 2022 11:21 pm

Is there a fee when transferring between another bank and Hubert via EFT? Is that what they're referring to when they mention the wire transfer fee ($9.53 CDN for Canadian wires)?

Jul 17th, 2022 7:34 am

#71

bjwcg7tf: Jr. Member; Feb 28, 2007; 180 posts; 120 upvotes; Toronto

Jul 17th, 2022 7:34 am

magicalsnack wrote: ↑ Is there a fee when transferring between another bank and Hubert via EFT? Is that what they're referring to when they mention the wire transfer fee ($9.53 CDN for Canadian wires)?

Part of account setup process, you need to provide a void cheque for linking your own bank. Eventually, it will be used to transfer in/out externally to this linked bank. No charge.

+1

Jul 17th, 2022 11:23 am

#72

Rockdaddy22: Deal Addict; Nov 26, 2011; 3318 posts; 693 upvotes

Jul 17th, 2022 11:23 am

bjwcg7tf wrote: ↑ Part of account setup process, you need to provide a void cheque for linking your own bank. Eventually, it will be used to transfer in/out externally to this linked bank. No charge.

Do have to send a physical cheque or just input the relevant numbers?

Jul 17th, 2022 11:47 am

#73

bjwcg7tf: Jr. Member; Feb 28, 2007; 180 posts; 120 upvotes; Toronto

Jul 17th, 2022 11:47 am

Rockdaddy22 wrote: ↑ Do have to send a physical cheque or just input the relevant numbers?

I uploaded a scanned cheque image to their secure website.

+1

Jul 17th, 2022 12:34 pm

#74

MrBungal: Deal Addict; Jun 15, 2021; 1229 posts; 1137 upvotes

Jul 17th, 2022 12:34 pm

Darn and I closed my Hubert accounts.

Can I just keep the money locked in for the first 90 days and get the full 3.90%? How often is the interest paid?

Something something signature

Jul 17th, 2022 12:40 pm

#75

Shadow Rider: Deal Addict; Sep 11, 2006; 2151 posts; 817 upvotes

Jul 17th, 2022 12:40 pm

I feel like I still have a $5 membership fee at Hubert that theynever refunded me

Jul 17th, 2022 2:48 pm

#76

magicalsnack: Newbie; May 19, 2021; 37 posts; 29 upvotes

Jul 17th, 2022 2:48 pm

bjwcg7tf wrote: ↑ Part of account setup process, you need to provide a void cheque for linking your own bank. Eventually, it will be used to transfer in/out externally to this linked bank. No charge.

Thanks! How have you found the user experience for their online banking and mobile app?

Jul 17th, 2022 2:58 pm

#77

bjwcg7tf: Jr. Member; Feb 28, 2007; 180 posts; 120 upvotes; Toronto

Jul 17th, 2022 2:58 pm

magicalsnack wrote: ↑ Thanks! How have you found the user experience for their online banking and mobile app?

I did not use their mobile app and only did sole/joint account setup process, small amount transfer in/out.
so far, they were straight forward and easier to use (similar to eq bank).
I plan to park short term money taking advantage in their 1Y term's flexibility. Will see after banking more with them and more contacts with their customer support.

+1

Jul 18th, 2022 8:07 pm

#78

dr_torch: Deal Addict; Mar 3, 2009; 1713 posts; 1034 upvotes; Ottawa, ON

Jul 18th, 2022 8:07 pm

MrBungal wrote: ↑ Darn and I closed my Hubert accounts.

Can I just keep the money locked in for the first 90 days and get the full 3.90%? How often is the interest paid?

First it's never locked in. You can call them and take it out at any point but they only pay interest every 90 days.

Second - 3.90% is the annual rate so you would get 1/4 of that.

But yes, withdrawal one day after interest paid is the best time to do it.

+1

Jul 18th, 2022 8:44 pm

#79

Scote64: Deal Fanatic; Jan 21, 2018; 7826 posts; 8512 upvotes; Vancouver

Jul 18th, 2022 8:44 pm

dr_torch wrote: ↑ But yes, withdrawal one day after interest paid is the best time to do it.

Day of, actually. Interest is paid in the morning of the quarterly date, and you can withdraw right away, and re-up at a higher rate if desired.

+1

Jul 18th, 2022 8:54 pm

#80

dr_torch: Deal Addict; Mar 3, 2009; 1713 posts; 1034 upvotes; Ottawa, ON

Jul 18th, 2022 8:54 pm

Scote64 wrote: ↑ Day of, actually. Interest is paid in the morning of the quarterly date, and you can withdraw right away, and re-up at a higher rate if desired.

Yes, good point.