Deposit Services

Equity Financial Trust Company offers a number of financial products with competitive rates through regulated securities dealers across Canada. With variable terms, you can receive interest monthly, semi-annually or annually. For greater returns, interest can be compounded annually and paid out at maturity. Speak to one of our financial advisors who’ll advise on the right solutions for you.


Current Deposit Rates

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Guaranteed Investment Certificate (GIC)

30-364 DAY TERMS
minimum $10,000
1 YEAR TERM
minimum $5,000
2-5 YEAR TERMS
with compound interest,
minimum $5,000

Equity Financial Trust is a Member of Canada Deposit Insurance Corporation (CDIC)

The instruments and products outlined in this document are deposits eligible for deposit insurance from the CDIC. They are subject to maximum coverage limitations as outlined in the CDIC brochure “Protecting Your Deposits” provided they are in Canadian funds, are payable in Canada and have a term of no more than five years.

You can learn more about deposit insurance at the CDIC website, which contains detailed information on the protection provided for different types of deposits.

CDIC_member_badge
Canada Deposit Insurance Corporation
50 O’Connor Street, 17th Floor
P.O. Box 2340, Station D
Ottawa, Ontario K1P 5W5
Toll free: 1.800.461.CDIC (2342)
Website: www.cdic.ca
Email: info@cdic.ca

How to invest in Equity GICs

Financial Advisors

Please call your fixed income desk to see if Equity GICs are available through your organization.

Investors

Please ask your advisor if Equity GICs are right for your investment portfolio and available through your dealer.

Frequently Asked Questions

What is the difference between annual interest and compound interest?

Annual interest is calculated on the face value of the GIC and paid to you either on the anniversary of the date you purchased your GIC, twice a year or each month, depending on your choice. If you choose compound interest, the interest you earn is re-invested on your behalf so you earn interest on your interest. This is known as compound interest. When your GIC matures, we will redeem the principal amount of your GIC plus all of your compound interest. The longer the term of your GIC, the greater the compound interest benefit to you.

Am I at risk that my interest rate will change before my GIC matures?

No. All our interest rates are fixed for the full term of your GIC. That means that we guarantee we will pay you the contracted rate of interest until your GIC matures.

What happens if I die before my GIC matures?

When your estate notifies us of your death, we will redeem your GIC plus any interest earned up until that date.

Where can I buy Equity Financial Trust GICs?

Our GICs are available through several investment and mutual fund advisors. Please ask your advisor about Equity Financial Trust GICs.

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