1,40 % p.a. is the maximal interest rate under the guaranteed investment certificates (GICs) for 1 year09.04.2021
Bankchart.ca has surveyed the terms of guaranteed investment certificates (gics) for 1 year in the national currency. The survey covered all the deposits with any form of interests repayment, regardless of the replenishment option or the deposit partial withdrawal option. Our website's analysts have studied the loan offers from all Canadian banks, which place rates on their websites. Review date - 09.04.2021
As of 23 March 2021 the deposits under review have been offered by 16 banks. The average interest rate under such deposits equals 0,52 % p.a. The total number of the deposits programs available for the specified terms is 57.
The maximal return among the deposits under review is offered by Oaken Financial. The interest rate under "Long-term GICs" deposit program constitutes 1,40 % p.a. The table below shows the best offers by each bank selected by Bankchart.ca (in terms of profitability) for the aforementioned terms.
The TOP-16 guaranteed investment certificates (gics) for 1 year, as of 23 March 2021
#
Name
Interest Rate, %
1
1,40
interest rate, %
rate type
fixed
interest periodicity
annually
minimum sum
$ 1 000,00
2
1,35
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 1 000,00
3
1,25
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 0,00
4
1,00
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 0,00
5
0,85
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 0,00
6
0,75
interest rate, %
rate type
fixed
interest periodicity
annually
minimum sum
$ 2 500,00
7
0,66
interest rate, %
rate type
fixed
interest periodicity
annually
minimum sum
$ 1 000,00
8
0,62
interest rate, %
rate type
fixed
interest periodicity
annually
minimum sum
$ 1 000,00
9
0,45
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 500,00
10
0,40
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 500,00
11
0,35
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 1 000,00
12
0,35
interest rate, %
rate type
fixed
interest periodicity
annually
minimum sum
$ 1 000,00
13
0,25
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 0,00
14
0,20
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 5 000,00
15
0,15
interest rate, %
rate type
fixed
interest periodicity
annually, at maturity, Semi-Annual
minimum sum
$ 0,00
16
0,05
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 2 500,00
To view the up-to-date rating of the deposits at our website here.
Published: 09 April 2021
Author: Prostobank Consulting
Source: https://bankchart.ca