Give your savings a boost with up to †† interest. It's the smartest choice around.
A GIC (guaranteed investment certificate) is a type of savings investment where the money you deposit grows over time due to a fixed interest rate that's - you guessed it - guaranteed. This means there's no fluctuation. The longer the term you choose, the more your money will grow.
Not sure which term is right for you? Try different investment amounts and interest payment options to see how much your money can grow over various term lengths. There's no maximum but remember, the minimum is $1,000.
Interest Rate
5.7%
Interest Earned
$57
Total Return
$1057
5.4%
$111
$1111
5.25%
$166
$1166
4.9%
$211
$1211
4.8%
$264
$1264
1 Year Interest Rate
$57*
Total Investment
$1,057
2 Year Interest Rate
$111*
$1,111
3 Year Interest Rate
$166*
$1,166
4 Year Interest Rate
$211*
$1,211
5 Year Interest Rate
$264*
$1,264
Tax-free growth, secure investment. Elevate your savings effortlessly.
Enjoy the peace of mind knowing that Saven offers the convenience of online transactions through our secure and easy to use platform.
Need more details? See our terms & conditions for this product.
InterestEarnedGroup[1]
Interest Rate: 5.7%
Interest Earned: $57
Total Return: $1057
Not Third index
InterestEarnedGroup[2]
Interest Rate: 5.4%
Interest Earned: $111
Total Return: $1111
InterestEarnedGroup[3]
Interest Rate: 5.25%
Interest Earned: $166
Total Return: $1166
Third index
InterestEarnedGroup[4]
Interest Rate: 4.9%
Interest Earned: $211
Total Return: $1211
InterestEarnedGroup[5]
Interest Rate: 4.8%
Interest Earned: $264
Total Return: $1264
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Saven Financial is a division of FirstOntario Credit Union.
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† High Interest Savings Account (HISA) and High Interest Tax-Free Savings Account (TFSA): Per annum rate. Rate subject to change at any time. Conditions apply. Interest is calculated daily and paid at the end of each month. No minimum deposit.
†† Guaranteed Investment Certificate (GIC) and Tax-Free Savings Account (TFSA) GIC: Minimum investment is $1,000. Non-redeemable. Per annum rates. Rates subject to change at any time. Conditions apply. For non-registered GIC, choice of interest payout annually to HISA or reinvest interest back in GIC account. For TFSA GIC, choice of interest payout annually to TFSA ISA or reinvest interest back in TFSA GIC account.
§ The Saven Financial First Home Savings Account ("Saven FHSA") Introductory Interest Rate is available between November 26, 2023 and April 1, 2024, exclusively (the "Introductory Period"). You can earn a special annual interest rate of 6.00% calculated daily and paid monthly during the Introductory Period on cash deposits to your first Saven FHSA. To accept this offer, you must open a Saven FHSA during the Introductory Period and make a deposit to your eligible Saven FHSA during the Introductory Period. This offer is available to new and existing members who are eligible for a First Home Savings Account and is subject to change without notice. Consult your tax advisor for eligibility criteria, features and tax implication.
¶ Contribution is pro-rated annually based on the value of deposits and amount of time they are held with Saven, to a maximum of 0.05% of deposits.