Interest Rate
3.80%
Term
5 years
Minimum Deposit
CA$1,000
Promotion
N/A
Apply Now →on Saven Financial's website
Rate (APY):
3.80%
Term:
5 years
Promotion:
N/A
Minimum Deposit:
CA$1,000
Saven Financial stands out as the top choice because it offers some of the highest GIC rates in Canada, with a maximum rate of 3.80% for a 5-year term. Their flexibility in terms and tax-free options for registered accounts further enhances their appeal for savers.
Pros:
- Competitive rates
- Tax-free growth options
Cons:
- Minimum deposit required
- Non-redeemable terms
In summary, Saven Financial is an excellent choice for investors seeking a competitive GIC rate of 3.80% over a 5-year term, particularly those looking for flexibility and tax-advantaged savings options. With a minimum deposit of just CA$1,000, it is well-suited for both new and seasoned savers aiming to grow their funds securely.