Interest Rate
4.00%
Term
5 years
Minimum Deposit
CA$100
Promotion
N/A
Apply Now →on EQ Bank GICs's website
Rate (APY):
4.00%
Term:
5 years
Promotion:
N/A
Minimum Deposit:
CA$100
EQ Bank offers a unique advantage with its low minimum deposit requirement of just CA$100, making it accessible for a wider range of investors. Their competitive rates for GICs up to 10 years provide flexibility for long-term savings.
Pros:
- Low minimum deposit
- Competitive rates
Cons:
- Limited term options
In conclusion, EQ Bank GICs are an excellent choice for both novice and seasoned investors looking for a low-barrier entry into long-term savings, thanks to their attractive 4.00% interest rate and minimal deposit requirement of just CA$100. This makes them particularly well-suited for anyone seeking a safe and flexible way to grow their savings over time.