... 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?
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.
Quote from: "Dinky Dianna"
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 ...
Quote from: "the shark hunter"
... 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.
Quote from: "the shark hunter"
... 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.
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
Quote from: "cc la femme"
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.
Quote from: "the shark hunter"
... 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.
Quote from: "the shark hunter"
... 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.
... 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 ...