Have you heard?
RFA Capital Holdings Inc. (RFA) has officially acquired Street Capital Bank of Canada.
Effective January 6, 2020, please be advised that we've changed our name from Street Capital Bank of Canada to RFA Bank of Canada. During this time of transition, you will continue to see both the Street Capital and RFA names and logos online and in our correspondence. There should be minimal impact to you and your clients.
Types of GICs
With original terms to maturity of five years or less, our investment products and programs offer great flexibility giving advisors the competitive edge that is so important in today’s marketplace. We're a proud member of the Canadian Deposit Insurance Corporation (CDIC) which works to protect consumer investments.
We offer a full range of GICs including non-registered, registered and commercial all available through Nominee/Self Directed dealer platforms.
A Cashable GIC or Term Deposit can be a smart investment for short and long-term goals. With a guaranteed rate of return, these types of GICs allow for the saving of a major purchase, life costs or retirement. Plus, the funds can be easily accessed—we offer a 1 year Cashable GIC, redeemable after 90 days. After the closed period, the GIC can be cashed out at any time without penalty, making this a liquid investment.
Non-Redeemable GICs offer a fixed rate of return for a specific term, with both principal and interest guaranteed.
This GIC may be an appropriate choice for:
- Investing for a specific term at a guaranteed rate without risk.
- A wide variety of investment terms and interest payment frequencies.
- Minimizing the impact of interest rate swings and tailoring investments to personal needs.
We offer non-redeemable GICs which can be cashed out depending on the 1 to 5 year term conditions.
Our GIC rates
The rates shown below are subject to change without notice. All GICs are Non-Redeemable except for the 1 year Cashable GIC, which is based on a one year term and redeemable after 90 days. Unless otherwise stated, interest is calculated per annum (365 days) and paid at maturity.
| ||1 Year||2 Year||3 Year||4 Year||5 Year||Minimum Deposit|
|1 Year Cashable (after 90 days)||0.20%||—||—||—||—||$5,000|
Rates effective as of February 1, 2023.
Assumptions: Rates posted above are for illustration purposes only and are subject to change at any time without notice.