Interest Rate
2.85%
Term
1 year
Minimum Deposit
CA$500
Promotion
N/A
Apply Now →on National Bank's website
Rate (APY):
2.85%
Term:
1 year
Promotion:
N/A
Minimum Deposit:
CA$500
National Bank of Canada provides a reliable 1-year GIC option at a rate of 2.85%. While their minimum deposit requirement is higher at CA$500, their established reputation and range of GIC products make them a solid choice for conservative investors.
Pros:
- Established institution
- Multiple GIC options
Cons:
- Higher minimum deposit
- Standard rates
In conclusion, National Bank's 1-year GIC at a competitive rate of 2.85% is well-suited for conservative investors looking for a dependable option with a minimum deposit of CA$500. Their strong reputation and diverse offerings further enhance their appeal for those seeking stability in their investment portfolio.