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Saven Financial
GIC

Saven Financial 1-Year GIC

Saven Financial
Best for

Matches the top 1-year rate, from an Ontario credit union.

Rate
3.6%
Term
12 months
Minimum deposit
$1,000
Cashable
No

Rate verified August 3, 2026 · confirm with Saven Financial before applying.

What you'd earn on this GIC

Pre-filled with this GIC's rate and term. Change the deposit to match yours.

3.60%
Term
Value at maturity
$10,360.00
Interest earned
$360.00
Effective annual yield (APY)
3.60%
Growth over time
Yr 1
$10,360.00

Assumes the rate holds for the full term and interest stays invested. Real GIC returns are taxed unless held in a registered/tax-advantaged account.

Run the numbers

GIC calculator

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Inflation calculator

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TFSA contribution room

GIC interest is fully taxable outside a registered account.

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Frequently asked questions

How much would $10,000 earn in the Saven Financial 1-Year GIC?

At 3.6% over 12 months, $10,000 would grow to about $10,360, roughly $360 in interest, compounded annually. Use the calculator on this page to run your own amount.

Can I withdraw from the Saven Financial 1-Year GIC early?

No. This is a non-redeemable GIC, so your money is locked in until maturity. That's why the rate is higher than a cashable equivalent. Only commit funds you're certain you won't need.

How current is this rate?

We last verified it on August 3, 2026. Rates on GICs move frequently, so confirm the current figure with Saven Financial before you apply.

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Written by
VaultNerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed August 2026 · How we research

Cite this page

“Saven Financial 1-Year GIC.” VaultNerd, https://www.vaultnerd.com/ca/gics/saven-1-year-gic, updated August 2026.

Sources
  • Saven Financial published product and rate pages
  • VaultNerd products database