Scotiabank offers special-rate GIC

By Staff | January 14, 2013 | Last updated on January 14, 2013
1 min read

Scotiabank is offering a new one-year Guaranteed Investment Certificate (GIC). It has a special rate of 1.6%.

The GIC is available from now until the end of January.

“GICs offer Canadians a safe way to keep their money working,” says Mike Henry, senior vice president and head of retail deposits and lending. “GICs can be used for short-, mid-, and long-term savings, and are ideal for TFSAs, RRSPs, and non-registered plans.”

According to a past Scotiabank poll, 38% of Canadian investors hold GICs. Of this segment, the majority says competitive interest rates (68%) and low-risk profiles (62%) are the most important features when buying a GIC.


GICs: Safety more crucial than rates

Making money in softer markets

Top 5 things clients need to know staff


The staff of have been covering news for financial advisors since 1998.