Saven Financial 6 Month GIC at 5.0% | Saven Financial | Discussion forum

wendmark said
https://savenfinancial.ca/en/on-gics  

Hmm, am I reading things correctly, seems Saven is allowing non-Ontario residents to join with the exception of Quebec, possibly a language issue:

https://savenfinancial.ca/join-us/servletcontroller

From the T&C's:

" By applying for a Saven Financial account, you agree and consent to the following:

To have us verify your identity as required by law and to provide us with any documentation we believe necessary to do so.

To have us verify information provided by you using credit bureaus, credit reporting agencies or other parties, including but not limited to, telecommunications and utility providers.

That you, the account holder must be at least 18 years of age and a Canadian resident (excluding Quebec).

That no account will be opened under a Power of Attorney for the benefit of a third party."

Yes, it's a new offer. Part of a campaign launched yesterday: Saven Financial launches new campaign…

I think it is a very good deal as going forward the shortest terms will have better deals, so you get best of both worlds, good cash flow and best deals.

And now…..

“Get ready to grow your savings! We're excited to announce that on Wednesday, January 22, we're boosting the rate on our high-interest Tax-Free Savings Account (TFSA) to a fantastic 3.50%† (up from 3.15%†). That means more money in your pocket, tax-free!

We're also adjusting our 4-month GIC, which will be 4.00%†† (Was 5%) and raising our 5-year GIC (for registered and non-registered accounts) to 3.65%††. “