Question 1

What are Coast Capital’s GIC rates?

Accepted Answer

1 year: 3.10%; 2 years: 3.60%; 3 years: 3.75%; 4 years: 3.85%; 5 years: 4.00%. Read from Coast Capital’s own rate page.

Question 2

Are Coast Capital GICs insured?

Accepted Answer

CDIC member: eligible deposits are insured up to $100,000 per insured category (for example, separately for TFSAs and RRSPs). Deposits held by: Coast Capital Savings Federal Credit Union.

Question 3

What is the minimum deposit for a Coast Capital GIC?

Accepted Answer

Coast Capital’s rate page doesn’t state a minimum. Check with Coast Capital before you buy.

Question 4

How do Coast Capital’s GIC rates compare with the big banks?

Accepted Answer

1 year: 0.32 points more than the big five banks’ average (2.78%); 2 years: 0.67 points more than the big five banks’ average (2.93%); 3 years: 0.74 points more than the big five banks’ average (3.01%); 4 years: 0.75 points more than the big five banks’ average (3.10%); 5 years: 0.76 points more than the big five banks’ average (3.24%).

Term	Rate	Rank	Best rate we track	$10,000 at maturity
1-year	3.10%	#8 of 14	4.05% (WealthONE Bank)	$10,310
2-year	3.60%	#6 of 14	4.30% (WealthONE Bank)	$10,733
3-year	3.75%	#6 of 13	4.40% (WealthONE Bank)	$11,168
4-year	3.85%	#7 of 13	4.45% (WealthONE Bank)	$11,631
5-year	4.00%	#8 of 15	4.55% (WealthONE Bank)	$12,167

Coast Capital GIC rates

GIC products

Rates by term

Compared with the big five banks

At a glance