TD Launches Special Promotion GIC Rates

Toronto Dominion Bank (TD) is known for its customer service, winning the J.D. Power and Associate award for customer service among the big banks.

In my opinion, TD also launches some great promotions that should be taken advantage of. A recent promotion TD launched is giving $150 for anyone who switches to them, although you will need to open up a particular bank account (which does cost money) but if you need the services offered, then it’s a win – win in our books.

That said, TD has once again started a new promotion, in fact it only launched 2 days ago (May 12th).

What is the new promotion?

From May 12th – June 19th, TD will be featuring a different GIC product each week with a competitive rate.

The weekly GIC rate will be offered throughout the week until Friday.

You have until the end of the day Friday to lock in the special GIC rate before it resets to normal, and you have to find out what TD will be offering for the following week on Saturday.

That said, we do have a special GIC rate on the market right now from TD. The GIC rate below will only be valid from May 12th 2012 – May 18th 2012.

Why should invest in these special offer GICs?

In the end, the main reason behind investing in these special offer GICs is the fact that you are gaining a competitive interest rate, which would otherwise not be given. What makes this promotion great is the fact that as it is offered, it is completely guaranteed for the term of your investment.

These GICs are also eligible for non-registered and registered investment plan; this includes RSP, RESP, RIF and TFSA.

The fact is, the special rate might prompt you to want to invest in these special GIC offers.

What do you think of the new promotion by TD and the special GIC rate?