For new members
Kickstart your savings with an exclusive 4.50%†† on a 4‑month GIC!
Join Saven and lock in a 4-month GIC at an unbeatable 4.50%††. It’s the smart way to grow your money with guaranteed returns. Start your Saven journey today and enjoy consistently high returns!
Choose a GIC that helps you reach your goals
Available in both registered and non-registered accounts for guaranteed, worry-free growth.
Our GICs offer great benefits
High interest rate
Saven gives our members consistently competitive rates.
Safe and secure
The amount of money you save over a term is guaranteed, so there's nothing to worry about.
Flexible terms
Based on your financial goals, choose from a one to five-year term.
GIC rates that make your money grow
Term |
Rate^ |
Start investing |
|---|---|---|
Term4 month |
Rate^4.50%†† For new members |
Start investing |
Term6 month |
Rate^3.00% |
Start investing |
Term1 year |
Rate^3.55% |
Start investing |
Term2 year |
Rate^3.55% |
Start investing |
Term3 year |
Rate^3.60% |
Start investing |
Term4 year |
Rate^3.65% |
Start investing |
Term5 year |
Rate^3.75% |
Start investing |
Our TFSA GICs offer great benefits
Tax-free growth
Your TFSA GIC profits are completely tax-sheltered, maximizing your returns.
High yields
Competitive interest rates ensure robust growth for your savings.
Safe and secure
The amount of money you save over a term is guaranteed, so there's nothing to worry about.
TFSA GIC rates that boost your earnings
Term |
Rate^ |
Start investing |
|---|---|---|
Term4 month |
Rate^4.50%†† For new members |
Start investing |
Term6 month |
Rate^3.00% |
Start investing |
Term1 year |
Rate^3.55% |
Start investing |
Term2 year |
Rate^3.55% |
Start investing |
Term3 year |
Rate^3.60% |
Start investing |
Term4 year |
Rate^3.65% |
Start investing |
Term5 year |
Rate^3.75% |
Start investing |
Our RRSP GICs offer great benefits
Competitive interest rates
We offer some of the most competitive interest rates in the market, helping your retirement savings grow faster.
Tax-deferred growth
Your investments grow tax-free within the RRSP, maximizing potential returns.
Safe and secure
The amount of money you save over a term is guaranteed, so there's nothing to worry about.
RRSP GIC rates to grow your retirement fund
Term |
Rate^ |
Start investing |
|---|---|---|
Term4 month |
Rate^4.50%†† For new members |
Start investing |
Term6 month |
Rate^3.00% |
Start investing |
Term1 year |
Rate^3.55% |
Start investing |
Term2 year |
Rate^3.55% |
Start investing |
Term3 year |
Rate^3.60% |
Start investing |
Term4 year |
Rate^3.65% |
Start investing |
Term5 year |
Rate^3.75% |
Start investing |
Don’t miss your exclusive 4.50%†† offer on a 4-month GIC!
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, or a TFSA — it all depends on your goals. Non-registered GICs offer flexibility, TFSA GICs let your money grow tax-free, and RRSP GICs help you save for retirement.
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.
†† Exclusive to new members. Rate applies to both registered and non-registered 4-month term. Minimum investment is $1,000. Non-redeemable. Per annum rates. Rates subject to change at any time. Conditions apply.
^ Rates apply 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.