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MCAN GIC Info
Lock in 1-year at 5.50%*

THINK BIG

Invest in your future with secure
saving solutions from MCAN Wealth.

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2B+

CDIC insured deposits

7,000+

GIC Clients across Canada

30+

Years as issuing CDIC Member

Current MCAN Wealth GIC Rates*

Effective: 02 May 2024

Term Rate
1-year 5.50%
2-year 5.30%
3-year 4.90%
4-year 4.80%
5-year 4.75%

 

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Rates are annual fixed rates which apply to non-registered term deposits.  Interest will accrue from the issue date to the maturity date.

Interest options are annual payment or annual compound.

All term deposits are non-redeemable prior to maturity.

The terms and conditions of our products are provided upon application at launchwealth.mcanfinancial.com.

Save with confidence

MCAN Wealth is a division of MCAN Mortgage Corporation (operating under the trade name MCAN Financial Group) is a licensed deposit-taking institution and is a member of the CDIC**. Deposits under MCAN Wealth are combined with deposits held at MCAN Mortgage Corporation for up to $100,000 of deposit protection, per insured category, pursuant to the standard terms of coverage set out by CDIC.

MCAN offers a secure way to grow your savings with Guaranteed Investment Certificates (GICs), a dependable choice for Canadian investors. MCAN GICs allow you to steadily build your wealth, offering a safe and stable investment.

By choosing MCAN’s GIC products, you’re partnering with one of Canada’s most well-regarded, federally regulated, publicly traded financial institutions, backed by over 30 years of investment expertise and an executive team with more than a century of combined leadership experience in the financial sector. MCAN’s history of consistent growth, robust funding sources, and a team regarded for exceptional service and innovation all work to deliver sustainable returns on your investment.

Invest with confidence, knowing your funds are secure, eligible for CDIC insurance and your returns predictable.

CDIC

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Protect your future

  • Design your future and realize your dream of buying a home, starting a business, or exploring the world
  • Protection against market fluctuations and economic uncertainties
  • Build a solid financial foundation with a safe, reliable investment
  • An excellent strategy for a diversified investment portfolio
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A partner you can trust

MCAN Mortgage Corporation (operating under the trade names MCAN Financial Group and MCAN Wealth) is a licensed deposit-taking institution and is a member of the CDIC. Deposits under MCAN Wealth are combined with deposits held at MCAN Mortgage Corporation for up to $100,000 of deposit protection, per insured category, pursuant to the standard terms of coverage set out by CDIC.

  • All MCAN-issued GICs are eligible for CDIC Insurance
  • Easy online account management with a secure, user-friendly platform.
  • Transparent and ethical investment practices
  • Robust data protection measures to keep your information secure

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SAFEGUARD YOUR FUTURE

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*MCAN Wealth GICs are non-redeemable. For GIC terms of less than one year, simple interest is calculated on a per diem basis and paid at maturity. For GIC terms equal to one year, simple interest is calculated on a per annum basis and paid at maturity. For GIC terms of over one year, interest is calculated on a per annum basis and paid either annually (simple interest) or at maturity (compounded annually). Rates are calculated on a per annum basis and are subject to change at any time. The minimum amount for an MCAN Wealth GIC purchased directly is $1,000.

** MCAN Mortgage Corporation (dba MCAN Financial Group) is a member of CDIC. MCAN Wealth is part of the MCAN Financial Group of brands.

 

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