Interest Rate
3.80%
Term
5 years
Minimum Deposit
CA$100
Promotion
N/A
Apply Now →on EQ Bank's website
Interest Rate:
3.80%
Term:
5 years
Promotion:
N/A
Minimum Deposit:
CA$100
EQ Bank shines for its accessibility, allowing customers to start investing with a low minimum deposit of just CA$100. Their digital platform makes it easy to manage GICs across various terms.
Pros:
- Low minimum deposit
- Wide range of terms
Cons:
- Lower rates compared to top competitors
- Limited physical branches
In conclusion, EQ Bank is an excellent choice for those seeking a user-friendly GIC option with a competitive 3.80% rate and a low minimum deposit, making it particularly suitable for first-time investors or those looking to diversify their savings with ease.