Interest Rate
2.30%
Term
6 months
Minimum Deposit
CA$500
Promotion
N/A
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Interest Rate:
2.30%
Term:
6 months
Promotion:
N/A
Minimum Deposit:
CA$500
Scotiabank shines for its fixed return of 2.30% on its 6-month GIC, which is a reliable option for conservative investors. The minimum deposit of CA$500 is reasonable, and the GIC can be held in various registered accounts, adding to its flexibility.
Pros:
- Fixed return
- Eligible for registered accounts
Cons:
- Lower interest rate compared to others
- No active promotions
In summary, Scotiabank's 6-month GIC at a 2.30% interest rate is an excellent choice for conservative investors looking for a stable return with a low minimum deposit. Its versatility in being held within registered accounts makes it a practical option for those seeking to grow their savings securely.