Today's Best Rates

February 3, 2012
GICs and RRSPs

1 Year
  2.50%
2 Year
  2.05%
3 Year

 2.30%

4 Year
  2.40%
5 Year

 2.65%


RRIFs
1 Year

 2.50%

2 Year
  2.05%
3 Year

 2.30%

4 Year
  2.40%
5 Year

 2.65%


Cashable Deposits
30 Days
  1.25%
90 Days
  1.25%
*updated daily at 9am PST
Suite 520, 1100 Melville Steet
Vancouver, B.C. V6E 4A6

Tel: 604 685.3264
Fax: 604 685.3266
Toll Free: 1.800.663.0730
Email: info@paragoninc.ca


GIC Solutions

Paragon Financial first became a deposit broker in 1987.  Our job is to survey our GIC suppliers every day to find you the best rate in Canada. We have relationships with over 35 credit unions, banks, trust and insurance companies across the country.  All of our GIC and term deposit companies are members of CDIC, CUDIC, or Assuris. These institutions guarantee your deposits and interest up to $100,000*.

Our rate search is free to our clients and there are no fees or costs of any kind.  All deposits are placed with members of CDIC, CUDIC or Assuris.

*BC Credit Unions offer unlimited deposit insurance through the Credit Union Deposit Insurance Corporation of British Columbia.

Frequently Asked Questions

  • What is guaranteed?

    Posted by steven lin on 
    Friday, May 15, 2009 5:27 PM

    Principal |
    Regardless of market conditions, your principal is guaranteed 100% by every institution we place GIC business with.
     
    Interest Rate |
    Regardless of how interest rates change during the term of your GIC, your interest rate is locked-in at the time of purchase, and guaranteed for the life of the term.

    Institution |
    All of our deposits are placed with members of CDIC or CUDIC.  CDIC stands for Canadian Deposit Insurance Corporation, and is a federal Crown corporation that insures deposits up to $100,000 per institution.  If the member institution you have a GIC with fails or goes bankrupt, the CDIC will cover you up to $100,000. You do not have to apply for this insurance; you are automatically covered if the institution is a member.  For more information, please visit www.cdic.ca.

    CUDIC stands for the Credit Union Deposit Insurance Corporation, and covers all BC-based credit unions.  CUDIC is a government corporation, and insures GICs up to an unlimited amount.  This insurance is also automatic if you purchase a GIC through a member credit union.  For more information on CUDIC, please visit www.cudicbc.ca