Interest Rate
4.02%
Term
5 years
Minimum Deposit
CA$1,000
Promotion
N/A
Apply Now →on MCAN Financial's website
Rate (APY):
4.02%
Term:
5 years
Promotion:
N/A
Minimum Deposit:
CA$1,000
MCAN Financial offers a solid 5-year GIC rate of 4.02%, making it a secure choice for investors. With a minimum deposit of CA$1,000, it provides a straightforward investment avenue, although higher tiers require larger deposits.
Pros:
- Secure investment
- CDIC insured
Cons:
- Higher minimum deposit for broker network
Overall, MCAN Financial is an excellent option for conservative investors looking for a reliable long-term investment with a competitive rate. Its accessible minimum deposit makes it particularly suitable for those starting to build their savings portfolio.