Do You Consider 2.5% A Good Rate Of Return?

[the shark hunter]

... an ad for an internet bank caught my attention the other day ...



... the bank was advertising how it'll pay 2.5% interest on money you deposit there.  i don't know the details but i'm assuming you have to invest your cash into a GIC or term deposit to get this rate ...



... now i'm no financial expert, but it seems to me that this is an UNBELIEVABLY ATTRACTIVE RATE for a fixed income investment these days ...



... am i right about this?  is 2.5% something to get excited about?



... comments?

[Frood]

Term deposits over here are being offered at the same 2.5



I won't invest or park my money for less than annual inflation rate coverage.

[the shark hunter]

Term deposits over here are being offered at the same 2.5



I won't invest or park my money for less than annual inflation rate coverage.

... thanks for your reply, Diana.  i always enjoy your comments ...



... i was perusing corporate bonds recently though which usually pay well and anything over two percent was either too junky-looking or you had to lock in for five years plus ...

[reformed socialist]

... an ad for an internet bank caught my attention the other day ...



... the bank was advertising how it'll pay 2.5% interest on money you deposit there.  i don't know the details but i'm assuming you have to invest your cash into a GIC or term deposit to get this rate ...



... now i'm no financial expert, but it seems to me that this is an UNBELIEVABLY ATTRACTIVE RATE for a fixed income investment these days ...



... am i right about this?  is 2.5% something to get excited about?



... comments?

It is unbelievable.

[Anonymous]

... an ad for an internet bank caught my attention the other day ...



... the bank was advertising how it'll pay 2.5% interest on money you deposit there.  i don't know the details but i'm assuming you have to invest your cash into a GIC or term deposit to get this rate ...



... now i'm no financial expert, but it seems to me that this is an UNBELIEVABLY ATTRACTIVE RATE for a fixed income investment these days ...



... am i right about this?  is 2.5% something to get excited about?



... comments?

It sounds very good the shark hunter..



I feel seoulbro would be the poster that might know best.

[cc]

yup to that



wonder what the market will look like over the next while starting at daybreak?



looking to me like we placed a D9 downtown in a big city and gave the keys to a 5 year old

[Anonymous]

yup to that



wonder what the market will look like over the next while starting at daybreak?



looking to me like we placed a D9 downtown in a big city and gave the keys to a 5 year old

I hope he succeeds or we do under his rule.

[Anonymous]

... an ad for an internet bank caught my attention the other day ...



... the bank was advertising how it'll pay 2.5% interest on money you deposit there.  i don't know the details but i'm assuming you have to invest your cash into a GIC or term deposit to get this rate ...



... now i'm no financial expert, but it seems to me that this is an UNBELIEVABLY ATTRACTIVE RATE for a fixed income investment these days ...



... am i right about this?  is 2.5% something to get excited about?



... comments?

That is exceptional considering most banks are offering five year GIC's at 1.5%. Canada Savings Bonds are paying well below the rate of inflation too. A high-interest savings account such as the one available from new retail bank Ally, owned by GMAC Financial Services, which pays 2 per cent.

[Anonymous]

... an ad for an internet bank caught my attention the other day ...



... the bank was advertising how it'll pay 2.5% interest on money you deposit there.  i don't know the details but i'm assuming you have to invest your cash into a GIC or term deposit to get this rate ...



... now i'm no financial expert, but it seems to me that this is an UNBELIEVABLY ATTRACTIVE RATE for a fixed income investment these days ...



... am i right about this?  is 2.5% something to get excited about?



... comments?

There has to be a catch there shark man.

[the shark hunter]

... thanks for your replies ...



... and yes, i agree, the rate does seem too good to be true for just showing up at a bank with some cash to deposit.  as Herman said, there must be a catch ...