Equitable Trust is offering Canadians an opportunity to earn competitive guaranteed returns, with special Guaranteed Investment Certificate (GIC) rates reaching up to 5.35% on a three-year term.
With ongoing uncertainty in financial markets and changing interest rate expectations, GICs continue to attract Canadians looking for a secure way to grow their savings without exposing their principal to stock market fluctuations.
The special three-year GIC offer from Equitable Trust provides an opportunity for savers to lock in a competitive interest rate and benefit from guaranteed returns over the investment period. Unlike market-based investments, GICs offer a predetermined rate of return, allowing investors to know exactly how much interest they can earn when the investment reaches maturity.
Why Consider a 3-Year GIC?
A three-year GIC can be an attractive middle ground for investors who want to earn a competitive rate without committing their funds for an extended period.
At a rate of up to 5.35%, a $10,000 investment could generate approximately $1,605 in interest over three years, assuming annual compounding and that the rate is fixed for the full term.
GICs may be particularly appealing to:
Individuals looking to protect their savings.
Retirees seeking predictable investment income.
First-time investors who prefer lower-risk options.
Canadians saving toward a future purchase or financial goal.
Your Investment Protected by CDIC
One of the major advantages of eligible GICs offered through CDIC member institutions is the potential for deposit insurance through the Canada Deposit Insurance Corporation (CDIC).
CDIC protects eligible deposits held at its member institutions, including eligible GICs, up to $100,000 per insured category, per member institution. This limit includes both principal and interest.
Investors should verify the applicable deposit insurance arrangements for their Equitable Trust GIC and ensure that the deposit qualifies for coverage.
A Timely Opportunity for Savers
With special GIC rates reaching up to 5.35% for a three-year term, Equitable Trust is providing an attractive opportunity for Canadians looking to make their savings work harder.
Whether you're setting aside funds for the future, diversifying your savings or simply looking for a guaranteed return, a GIC can offer a straightforward investment solution with added peace of mind.
**Special rates and availability may be subject to change. Contact Equitable Trust or your financial advisor for complete details, eligibility requirements and current offer conditions.**
