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":"