Toronto-based Equitable Bank is now offering guaranteed investment certificates (GICs) in U.S. dollars.<\/p>\n

The interest rates on the products range from 0.20% for a 30-day cashable option to 1.30% for the 10-year term, and the GICs are sold exclusively through investment advisors.<\/p>\n

“The appetite for change and growth in the foreign investment market is stronger than ever and we seized the opportunity to really challenge the status quo,” said Mahima Poddar<\/span>, senior vice-president of personal banking at Equitable Bank, in a release.<\/p>\n

In April, Equitable Bank started offering a high-interest savings account in U.S. dollars<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new offerings are sold exclusively through investment advisors<\/p>\n","protected":false},"author":148356,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2315],"tags":[3422,3928],"yst_prominent_words":[14,1695,2177,5740,10760,10766,17502,24735,61361],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/412458"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/148356"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=412458"}],"version-history":[{"count":2,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/412458\/revisions"}],"predecessor-version":[{"id":412461,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/412458\/revisions\/412461"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=412458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=412458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=412458"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=412458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}