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Where to park money in Canada in interest bearing account?

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  • Oliver88
    Senior Member
    • Dec 2012
    • 4688
    #71
    Originally posted by sumdumguy View Post
    Money parked in One Year Variable GIC, Prime minus 1.85% - Take out anytime after 30 days.
    What company/bank has this GIC?

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      • shtferbrains
        Senior Member
        • Jun 2017
        • 5267
        #72
        Scotia was one but was gone last I looked.

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          • Guest
            #73
            A local one here had 4.95 , 1 year , cashable after 30 days

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              • Marusko
                Senior Member
                • Jan 2018
                • 232
                #74
                Originally posted by poorboy View Post
                For the first time in my career there is a little extra cash that I need to put somewhere for a year. Would like to collect interest and be zero risk. This is in Alberta, Canada.

                Are there any savings accounts or T bill accounts or ?? that pay 5% or better?
                Bank of Marusko offering 7% interest 1-5 year GIC, compounded daily, paid annually. No minimum balance.

                note: CDIC insurance application in progress.

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