Is there any High Interested GIC offer? I missed one from Tangerine

Aug 26th, 2019 3:45 am

#1

joongpark [OP]: Deal Addict; Mar 16, 2006; 2395 posts; 820 upvotes

Aug 26th, 2019 3:45 am

Is there any High Interested GIC offer? I missed one from Tangerine

Hi..I recently missed offer from Tangerine.

Earn a special interest rate of 2.40%* when you open and fund a 1 year GIC by August 5, 2019.

Take advantage of this offer and benefit from our special 2.40% interest rate with no fees or service charges – guaranteed, safe and secure.

Do you know how often these offers come up? I missed one and kicking my butt for not taking advantage.

Or is there any offer that is out right now from other institution that is comparable?

Thanks.

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Aug 26th, 2019 4:54 am

#2

ownthesky: Sr. Member; Mar 16, 2018; 850 posts; 943 upvotes; Hamilton

Aug 26th, 2019 4:54 am

Oaken still has great rates: https://www.oaken.com/gic-rates/

Aug 26th, 2019 7:03 am

#3

someweirdo: Deal Addict; Jul 16, 2019; 1316 posts; 1544 upvotes

Aug 26th, 2019 7:03 am

There are better GIC rates available. You can find a chart here.

Aug 26th, 2019 11:54 am

#4

choclover: Deal Fanatic; Oct 7, 2007; 8546 posts; 4451 upvotes

Aug 26th, 2019 11:54 am

Peoples Trust has a 15-month GIC for 3%.

Aug 26th, 2019 1:13 pm

#5

canucks4life: Deal Addict; Jul 16, 2012; 1410 posts; 859 upvotes; Vancouver, BC Canada

Aug 26th, 2019 1:13 pm

Keep an eye on EQ Bank they had a 90 day 3%

+1

Aug 26th, 2019 1:32 pm

#6

905P4N6: Deal Addict; Jun 23, 2017; 1300 posts; 797 upvotes; Toronto, ON

Aug 26th, 2019 1:32 pm

yup. this is the one i jumped on. marinating in interest right now and matures just before Thanksgiving.

Aug 26th, 2019 7:18 pm

#7

Thalo: Deal Fanatic; Jul 1, 2007; 8504 posts; 1638 upvotes

Aug 26th, 2019 7:18 pm

There are no more high interest GICs.

And they're never coming back.

Money Smarts Blog wrote: ↑I agree with the previous posters, especially Thalo. {And} Thalo's advice is spot on.

Aug 26th, 2019 8:13 pm

#8

Sauerkraut: Deal Addict; Jan 4, 2009; 4011 posts; 2920 upvotes; on the links

Aug 26th, 2019 8:13 pm

Thalo wrote: ↑ There are no more high interest GICs.

And they're never coming back.

People's Trust 15 month @ 3%. If it's above the rate of inflation, it's "high".

And I lived through the early 1980's when savings rates were 19.5%

Aug 26th, 2019 10:36 pm

#9

joongpark [OP]: Deal Addict; Mar 16, 2006; 2395 posts; 820 upvotes

Aug 26th, 2019 10:36 pm

choclover wrote: ↑ Peoples Trust has a 15-month GIC for 3%.

Are they trust worthy?
I am looking at their website and it's looks like 10 year old made it and their reviews on Google is terrible.

Aug 27th, 2019 12:33 am

#10

Thalo: Deal Fanatic; Jul 1, 2007; 8504 posts; 1638 upvotes

Aug 27th, 2019 12:33 am

joongpark wrote: ↑ Are they trust worthy?
I am looking at their website and it's looks like 10 year old made it and their reviews on Google is terrible.

Of course they're trustworthy! Trust is in their name! People trust them.

Money Smarts Blog wrote: ↑I agree with the previous posters, especially Thalo. {And} Thalo's advice is spot on.

+2

Aug 27th, 2019 11:12 am

#11

choclover: Deal Fanatic; Oct 7, 2007; 8546 posts; 4451 upvotes

Aug 27th, 2019 11:12 am

joongpark wrote: ↑ Are they trust worthy?
I am looking at their website and it's looks like 10 year old made it and their reviews on Google is terrible.

Their GIC's are CDIC-insured which I think is good and for some considered better than credit unions.

Aug 27th, 2019 12:22 pm

#12

chadw01: Deal Addict; Mar 28, 2006; 4306 posts; 3366 upvotes; Toronto

Aug 27th, 2019 12:22 pm

Sauerkraut wrote: ↑ People's Trust 15 month @ 3%. If it's above the rate of inflation, it's "high".

And I lived through the early 1980's when savings rates were 19.5%

yeah but mortgage rates were 17-20% during that time too

anyhow, the people's trust @ 3% seems to be the best out there at the moment - better than nothing

Aug 27th, 2019 7:50 pm

#13

BobW95191: Newbie; Apr 26, 2019; 79 posts; 110 upvotes

Aug 27th, 2019 7:50 pm

Thalo wrote: ↑ Of course they're trustworthy! Trust is in their name! People trust them.

While I know you were joking....Canntrust marijuana comes to mind.....lol. remove an 'n' and add a 't'

+1

Aug 28th, 2019 12:09 am

#14

Thalo: Deal Fanatic; Jul 1, 2007; 8504 posts; 1638 upvotes

Aug 28th, 2019 12:09 am

BobW95191 wrote: ↑ While I know you were joking....Canntrust marijuana comes to mind.....lol. remove an 'n' and add a 't'

LOL, or TD Canada Trust! Wait, did TD completely eliminate the Canada Trust part from their brand?

Money Smarts Blog wrote: ↑I agree with the previous posters, especially Thalo. {And} Thalo's advice is spot on.