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Email this10:26 am
November 29, 2017
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Hello, I came across MCAN Mortgage Corp (http://mcanmortgage.com) for the first time today.
They offer mortgages and (of relevance to this forum) GICs ranging from 1-5 years. They are based in Toronto, and term deposits are CDIC eligible.
IMO, their rates are competitive, with a 5-year GIC at 2.8% (less than $25k) and 2.9% (more than $25k). All interest is compounded annually.
I was wondering if any of you had experience with this company, or know anything about them that might be helpful?
Thank you
6:08 pm
February 20, 2018
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MCAN welcomes term deposit applications directly from individuals for registered and non-registered products
2%@3yrs
11:50 am
August 6, 2018
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I just came across them today too through my investment broker.
MCAN Mortgage Corp 1 Year 1.25%
Not too shabby. Seems to be CDIC insured. Any catches? Can an individual deal with them directly or do they always require a broker? What is the difference?
12:24 pm
April 6, 2013
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One can contact them and ask. Their phone and e-mail are on their Term Deposits FAQ page.
MCAN will need to confirm identity, as required by anti-money laundering laws. That could be a challenge to dealing with them directly if one can't visit their office in Toronto and they can see that the photo ID and the applicant match.
Current one year rates:
| Term (years) | $5,000-$24,999 | $25,000-$99,999 | $100,000+ | 1 | 1.20% | 1.25% | 1.30% |
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