Guaranteed Interest | Best Rates
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With having MWFS as your Deposit Broker, you receive competitive rates from the marketplace. Your deposit is made in a low risk product issued by a financial institution such as a bank, trust company, credit union or life insurance company. We represent leading Financial Institutions that offer term deposits, short term deposits, guaranteed investment certificates, and guaranteed investment accounts.
The MWFS team is experienced and knowledgeable and is dedicated to providing you with the savings and investment product that is right for you.
Guaranteed Rates | GIC & GIA | TFSA | RRSP | RRIF | |
|---|---|---|---|---|---|
| 1yr GIC | 3.95% | 3.95% | 3.95% | 3.95% | |
| 18 mth GIC | 3.95% | 3.95% | 3.95% | 3.95% | |
| 2yr GIC | 3.95% | 3.95% | 3.95% | 3.95% | |
| 3yr GIC | 3.75% | 3.75% | 3.75% | 3.75% | |
| 4yr GIC | 3.66% | 3.66% | 3.66% | 3.66% | |
| 5yr GIC | 3.78% | 3.76% | 3.76% | 3.76% | |
| 10yr GIC | 3.90% | 3.60% | 3.80% | 3.80% | |
| 15yr GIC | 3.80% | N/A | 3.80% | 3.80% |
Cashable GIC Rates
|
US Dollar GIC Rates
| DIA | 0.20% |
| 1yr GIC | 0.20% |
Short Term GIC Rates
| 30 to 59 days | 3.16% |
| 60 to 89 days | 3.51% |
| 90 to 119 days | 3.56% |
| 120 to 179 days | 3.56% |
| 180 to 269 days | 3.56% |
| 270 to 364 days | 3.56% |
High Interest Savings Accounts (HISA)
| Individual | 3.00% |
| Advantage Account | 2.15% |
| Business Advantage Account | 2.00% |
| RSP | 1.25% |
| TFSA Advantage Account | 1.25% |
| US Dollar | 0.20% |
- Variable rates - Interest is calculated on the closing daily balance and paid monthly. For registered account, withholding taxes may apply if funds are moved to a non-registered account. | |
NOTES
- Effective date and interest rate will be the date funds are deposited with the Financial Institution;
- For amounts greater than $500,000 or for more information, please contact Macnaughton & Ward Financial at 1.800.397.0115;
- Canada Deposit Insurance Corporation (CDIC) protects eligible deposits held at each member institution up to a maximum $100,000 per separate insured category (i.e. NonReg/Open + TFSA + RSP + RIF = up to $400,000);
- Credit Union Deposit Insurance Corporation (CUDIC) insures eligible Canadian $ deposits at member institutions (unlimited amounts for BC Credit Unions);
- Posted rates are annual unless otherwise stated;
- All rates and minimum deposit amounts are subject to change without notice;
- Annual, semi-annual and monthly interest available for non-registered only;
- RSP, RIF and non-registered GICs are not redeemable before maturity except upon death. Tax Free GICs are redeemable before maturity in full only (not partially) and are subject to market value adjustment and expense recovery fees; and
* Daily Terms -- Interest is calculated daily on the total daily balance and paid monthly. For Registered plans, withholding taxes may apply if funds are moved to a non-registered account &/or withdrawn.
