Long-term GICs – Business Investments │ Evolvespire Bank

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Get high interest rates with business GIC terms of 1 to 5 years

Confident you won’t need to access some of your excess cash for a while? Choose a term of 1, 2, 3, 4 or 5 years and enjoy a high interest rate with a long-term business GIC. You cannot redeem early, but you can set up monthly, semi-annual or annual interest payments.

Our long-term business GICs let you:

Protect your principal
Guarantee your interest rate for 1 to 5 years
Enjoy higher rates than a short-term deposit

3.90^%

5-year GIC ¹

Are our long-term business GICs right for you?

Yes, if you:

Have $2,500 or more to invest
Want a secure, protected investment

Benefits of a long-term GIC

In addition to the standard benefits of our GICs you also;

Pay no fees to invest

Our long-term business GICs have no set-up or maintenance fees. All your money starts growing the day you invest it, helping you achieve the financial goals for your business.

Get the best rate at renewal

Up to 30 days before your business long-term GIC matures, you can ask for a rate guarantee. When you do, we’ll give you the better of the rate that day or the rate on your renewal date. That protects you and your business if interest rates drop.

Receive regular income

You can let your interest compound until maturity or receive regular interest payments during your term. Monthly, semi-annual and annual interest payments are available.

Rates

3.90^%

5-year GIC ¹

Our long-term business GIC offers a competitive interest rate on all your money

Monthly interest

¹Interest paid annually, semi-annually or monthly is only available within for non-registered money. You cannot redeem a long-term GIC before maturity, except upon death. The minimum investment is $2,500 ($10,000 for monthly interest payments).Interest is calculated daily on the total daily balance and paid monthly. Rates are subject to change without notice. If you want to receive monthly interest payments, the minimum investment is $10,000.

Evolvespire Bank is a member of the Canada Deposit Insurance Corporation (CDIC), which means your deposits are eligible for CDIC deposit insurance protection. Visit cdic.ca for information on eligible deposits.

FAQ

Ask your advisor or call us to set up regular interest payments when you invest in a new long-term business GIC. You can choose to have your interest compound annually, or receive annual, semi-annual or monthly interest payments

Yes, the minimum investment is $2,500 ($10,000 for monthly interest payments).

No, the only time a long-term business GIC can be redeemed before the maturity date is upon death.

See all investment FAQs

Get extra flexibility when you invest in a business short-term GIC

If you think you might need to access your excess cash during the next year, consider a business short-term deposit. Choose a term between 30 and 364 days, with the option to redeem before the maturity date (fees apply).

Invest with even more flexibility in a Business Advantage Account

Get a high interest rate and complete flexibility to access your excess cash whenever you want with a Business Advantage Account. Available in Canadian or US dollars, the Business Advantage Account makes it easy to move money into and out of your operating account.