2,00 % p.a. is the maximal interest rate under the guaranteed investment certificates (GICs) for 1 month15.05.2020
Bankchart.ca has surveyed the terms of guaranteed investment certificates (GICs) for 1 month 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 - 15.05.2020
As of 04 May 2020 the deposits under review have been offered by 7 banks. The average interest rate under such deposits equals 0,39 % p.a. The total number of the deposits programs available for the specified terms is 8.
The maximal return among the deposits under review is offered by Oaken Financial. The interest rate under "Short-term GICs" deposit program constitutes 2,00 % 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-7 guaranteed investment certificates (gics) for 1 month, as of 04 May 2020
#
Name
Interest Rate, %
1
2,00
interest rate, %
rate type
fixed
interest periodicity
annually
minimum sum
$ 1 000,00
2
0,20
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 0,00
3
0,20
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 500,00
4
0,20
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 5 000,00
5
0,20
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 0,00
6
0,20
interest rate, %
rate type
fixed
interest periodicity
annually, at maturity, Semi-Annual
minimum sum
$ 0,00
7
0,10
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 1 000,00
To view the up-to-date rating of the deposits at our website here.
Published: 15 May 2020
Author: Prostobank Consulting
Source: https://bankchart.ca