Personal Finance

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

  • Last Updated:
  • Aug 28th, 2019 12:09 am
[OP]
Deal Addict
Mar 16, 2006
2395 posts
820 upvotes

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.
13 replies
Deal Addict
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Jul 16, 2019
1316 posts
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There are better GIC rates available. You can find a chart here.
Deal Fanatic
Oct 7, 2007
8546 posts
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Peoples Trust has a 15-month GIC for 3%.
Deal Addict
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Jul 16, 2012
1410 posts
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Vancouver, BC Canada
Keep an eye on EQ Bank they had a 90 day 3%
Deal Addict
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Jun 23, 2017
1300 posts
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Toronto, ON
yup. this is the one i jumped on. marinating in interest right now and matures just before Thanksgiving.
Deal Fanatic
Jul 1, 2007
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There are no more high interest GICs. Disappointed But Relieved Face

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.
Deal Addict
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Jan 4, 2009
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on the links
Thalo wrote: There are no more high interest GICs. Disappointed But Relieved Face

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%
[OP]
Deal Addict
Mar 16, 2006
2395 posts
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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.
Deal Fanatic
Jul 1, 2007
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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.
Deal Fanatic
Oct 7, 2007
8546 posts
4451 upvotes
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.
Deal Addict
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Mar 28, 2006
4306 posts
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Toronto
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
Newbie
Apr 26, 2019
79 posts
110 upvotes
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'
Deal Fanatic
Jul 1, 2007
8504 posts
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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.

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