A One-Year USD GIC Paying 6% Interest [this offer has ended]

Attention Fellow Savers!

SBI Bank Canada is offering a one-year non-redeemable USD GIC which pays 6% interest.

We believe this to be the highest yielding one-year, non-redeemable USD GIC in Canada.

SBI Bank Canada is wholly owned by State Bank of India, one of the largest banks in India, and is a member of the CDIC. Remember, USD deposits are now covered by CDIC insurance.

SBI was not a bank on our radar – we only learned of its competitive USD GIC rates through reader feedback. If you notice a competitive financial product that you would like to bring to the attention of the Thrifty community, please let us know by sending us an e-mail at askmrthrifty.ca.

Looking to do business with a bank you are more familiar with? Tangerine is offering a one-year non-redeemable USD GIC at a very competitive rate – 5.75%.