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Download our Mobile App

You need to have a Zag Bank account before you can download the Zag mobile app. To open an account, click here.

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Zag GIC

Investing shouldn’t be complicated. A Zag GIC has a guaranteed return on your investment with competitive interest rates and terms from 6 months to 5 years.

It’s also good to know you can:

  • start with as little as $250
  • automatically renew your Zag GIC 
  • set up your new Zag GIC online within minutes

’No fees’ means you save your money— all of it.

What you get Fee
Account opening Free
Account maintenance and online statements Free
Account management with Mobile and Online Banking Free
Retrieval of past statements through Zag Bank Online Banking Free
Customized, automatic alerts and notifications Free

For 1-5 year term Zag GICs, interest is annualized, calculated daily, compounded monthly* and paid depending on the interest payment option selected by you. You have the option to have interest paid out to your Zag Savings Account (or to the External Account from which the funds originated if you don’t have a Zag Savings Account) either monthly, semi-annually, annually or at maturity (*if you choose the monthly payment option, interest is not compounded and becomes calculated as simple interest).

For the Zag Tax-Free GIC and Zag RRSP GIC, interest is annualized, calculated daily, compounded monthly and paid at maturity for 1 to 5 year terms.

For 6 and 9 month term GICs, interest is calculated daily and paid at maturity to your Zag Savings Account (or the External Account from which the funds originated if you don’t have a Zag Savings Account). Interest is calculated as simple interest on 6 and 9 month GICs and therefore is not compounded.

The applicable interest rate is determined on the date on which Zag Bank receives your funds.