Interest Rate
3.75%
Term
5 years
Minimum Deposit
CA$100
Promotion
N/A
Apply Now →on EQ Bank's website
Interest Rate:
3.75%
Term:
5 years
Promotion:
N/A
Minimum Deposit:
CA$100
EQ Bank stands out as the top choice because it offers some of the highest GIC rates in Canada, with a wide range of terms from 3 months to 10 years. Their competitive rates and low minimum deposit make it accessible for all savers.
Pros:
- High guaranteed interest rates
- Low minimum deposit
Cons:
- Non-redeemable GICs
In conclusion, EQ Bank is an excellent option for those seeking a reliable investment with a competitive 3.75% rate over five years, making it ideal for both new and seasoned savers looking to maximize their returns with a low minimum deposit of just CA$100. This provider is particularly well-suited for individuals who prioritize high interest rates and flexible term options in their savings strategy.