Interest Rate
3.50%
Term
1 year
Minimum Deposit
CA$1,000
Promotion
N/A
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Interest Rate:
3.50%
Term:
1 year
Promotion:
N/A
Minimum Deposit:
CA$1,000
The Laurentian Bank offers a stable 1-year GIC rate of 3.50%, making it a reliable option for conservative investors. With a minimum deposit of CA$1,000, it provides a trustworthy investment avenue backed by a well-established institution.
Pros:
- Stable interest rate
- Long-standing institution
Cons:
- Higher minimum deposit
Overall, Laurentian Bank's 1-year GIC at a competitive rate of 3.50% is well-suited for conservative investors seeking stability and security in their investment portfolio, especially those looking to start with a minimum deposit of CA$1,000.