Which Canadian bank offers the highest interest rates under the guaranteed investment certificates (GICs) for 1 month06.11.2019

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 interest 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 - 06.11.2019

As of 29 October 2019 the deposits under review have been offered by 7 banks.  The average interest rate under such deposits equals 0,59 % 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 2,30 % 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 29 October 2019

#

Name

Interest Rate, %

1

2,30

interest rate, %

rate type

fixed

interest periodicity

annually

minimum sum

$ 1 000,00

2

1,25

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 0,00

3

0,30

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 500,00

4

0,30

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 5 000,00

5

0,20

interest rate, %

rate type

fixed

interest periodicity

annually, at maturity, Semi-Annual

minimum sum

$ 0,00

6

0,20

interest rate, %

rate type

fixed

interest periodicity

at maturity

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.