Interest Rate
2.75%
Term
6 months
Minimum Deposit
CA$100
Promotion
N/A
Apply Now →on EQ Bank's website
Rate (APY):
2.75%
Term:
6 months
Promotion:
N/A
Minimum Deposit:
CA$100
What sets EQ Bank apart is its low minimum deposit requirement of just CA$100, making it accessible for a wider range of investors while still offering a solid 2.75% rate.
Pros:
- Low minimum deposit
- Digital banking convenience
Cons:
- Lower rate compared to top competitor
- Non-redeemable
In conclusion, EQ Bank's GIC is an excellent option for those seeking a competitive 2.75% rate on a short 6-month term, particularly appealing to new investors or those with limited funds due to its low minimum deposit of just CA$100. This makes it a suitable choice for individuals looking to grow their savings without a significant initial commitment.