Invest your savings into one of the best term deposit rates in Ontario!
When it comes to deciding where you invest your savings, it’s all about the choices that are available - so why choose a big bank rate of 1.25% for a 48 month term when you can get one of the best rates around: A Motor City rate of 2.20% for 45 months!
You also choose the type of account that best suits your needs. It could be a non-registered GIC, a Tax-Free Savings Account (TFSA), or a Registered Plan (RRSP).
As an added bonus, your deposits are insured. Non-registered insurable deposits have a maximum coverage amount of $250,000, while deposits in registered accounts have unlimited coverage.