Give your savings a boost with up to 4.05%†† interest!
Join Saven today and enjoy consistently high returns.
Lock-in great rates this July!
Join Saven today and start earning guaranteed returns with your first GIC.
Got questions? We’ve got answers.
What’s Saven Financial?
Saven is an online financial platform that offers smart savers consistently competitive GIC rates, utilizing simple and easy-to-use digital technology. Saven is a division of FirstOntario Credit Union, one of the largest credit unions in Ontario, which has been serving its members since 1939.
What’s a GIC?
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 guaranteed. This means there’s no fluctuation.
Which account should I use for buying a GIC?
You can buy a GIC through a non-registered account, an RRSP, a TFSA, or an FHSA — it all depends on your goals. Non-registered GICs offer flexibility, TFSA GICs let your money grow tax-free, RRSP GICs help you save for retirement, and FHSA GICs make building your first home savings attainable.
What’s the minimum investment amount?
Our GICs require a minimum investment of $1,000.
Can I redeem my GIC before the term ends?
Our GICs are non-redeemable, which means you are unable to cash out a GIC early. You must wait until your term ends to redeem your money. However, we give two business days from opening a GIC to change or cancel that GIC.
†† Guaranteed Investment Certificate (GIC): Rate applies to both registered and non-registered term. 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 registered GICs, choice of interest payout annually to the same registered ISA or reinvest interest back in the same account.