Invest Securely.
Types of GICs.
With original terms to maturity of five years or less, our investment products and programs offer great flexibility giving advisors the competitive edge that is so important in today’s marketplace. RFA Bank of Canada is a proud member of the Canadian Deposit Insurance Corporation (CDIC) which works to protect consumer investments.
We offer a full range of GICs including non-registered, registered and commercial all available through Nominee/Self Directed dealer platforms.
Cashable GIC
A Cashable GIC or Term Deposit can be a smart investment for short and long-term goals. With a guaranteed rate of return, these types of GICs allow for the saving of a major purchase, life costs or retirement. Plus, the funds can be easily accessed—we offer a 1 year Cashable GIC, redeemable after 90 days. After the closed period, the GIC can be cashed out at any time without penalty, making this a liquid investment.
Non-Redeemable GIC
Non-Redeemable GICs offer a fixed rate of return for a specific term, with both principal and interest guaranteed.
This GIC may be an appropriate choice for:
- Investing for a specific term at a guaranteed rate without risk.
- A wide variety of investment terms and interest payment frequencies.
- Minimizing the impact of interest rate swings and tailoring investments to personal needs.
We offer non-redeemable GICs which can be cashed out depending on the 1 to 5 year term conditions.
Our GIC Rates.
The rates shown below are subject to change without notice.
All GICs are Non-Redeemable except for the 1 year Cashable GIC, which is based on a one year term and redeemable after 90 days. Unless otherwise stated, interest is calculated per annum (365 days) and paid at maturity.
| 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | Minimum Deposit | |
|
Annual |
3.34% |
3.45% |
3.48% |
3.48% |
3.58% |
$5,000 |
|
Annual Compounding |
— |
3.45% |
3.48% |
3.48% |
3.58% |
$5,000 |
|
Semi-Annually |
3.29% |
3.40% |
3.43% |
3.43% |
3.53% |
$5,000 |
|
Monthly |
3.24% |
3.35% |
3.38% |
3.38% |
3.48% |
$5,000 |
|
1 Year Cashable (after 90 days) |
2.50% |
— |
— |
— |
— |
$5,000 |
Rates effective as of February 21, 2025.
Assumptions: Rates posted above are for illustration purposes only and are subject to change at any time without notice.
CDIC Insured.
We are a member of CDIC
RFA Bank of Canada is a member of the Canada Deposit Insurance Corporation. We offer Guaranteed Investment Certificates through a national network of Investment Industry Regulatory Organization of Canada (IIROC) regulated deposit dealers.
Our GICs are eligible for deposit insurance protection from the Canadian Deposit Insurance Corporation (CDIC). Maximum insurance protection for CDIC eligible GICs is to applicable limits.
Please Note: RFA Capital, RFA Mortgage Corporation are NOT members of the CDIC.
About Our GICs
Contact us.
Interested in becoming
an authorized Deposit Dealer?
Please contact us:
Toll Free: 1.877.416.7873 ext. 734
Phone: 647.642.7967
Email: [email protected]
We look forward to hearing from you!
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