Deposit Products

Savings products

Turn your goals into reality. It’s easier to reach your savings goals when you have the right account.
Let Habib Canadian Bank help you choose the one that will get you there.

Term Deposit Account (Guaranteed Investment Certificate – GIC)

The Longer You Save, The More You Earn. Invest with Habib Canadian Bank and enjoy the following benefits:

  • Guaranteed rates of return
  • Investment for a term up to 5 years
  • Automatic Renewal option
  • Available in Canadian and US dollars
  • Canadian dollar deposits are eligible forCanadian Deposit Insurance Corporation (CDIC) insurance
  • Avail a loan secured against your deposit (corresponding to the term of your deposit )*
  • Available for personal and business clients
  • Minimum Deposit of only $2,000 for Personal accounts

View our current term deposit rates

Hi- Rate Savings Plus

For short term investment where you require immediate or frequent access to your funds, then Habib
Canadian Bank’s Hi-Rate Savings Plus account is the right account for you with the following
benefits:

  • Immediate access to your funds
  • Attractive interest rates to earn on every dollar you save
  • Savings can easily be moved to a Term Deposit at your request
  • Available in Canadian dollars
  • Canadian dollar deposits are eligible forCanadian Deposit Insurance Corporation (CDIC) insurance
  • Automatic Savings Plan at no charge: Make automatic contributions to your savings with Habib Canadian Automatic Savings Plan(Minimum $100.00 contribution per month required)
  • Available for personal clients with a minimum balance of only $2000

View our current Hi-Rate Savings Plus rates

Hi-Rate Deposit Notice Account (Call account)

Habib Canadian Bank`s unique product – the Notice Deposit account offers high interest rates with
the flexibility to withdraw the funds with a 32 day or 45 day notice depending on the notice period
product you choose. This account provides the following benefits:

  • Attractive interest rates
  • No fees/charges applicable to the account
  • Funds can be withdrawn by providing a notice of withdrawal at any time. The funds are made available to you on the day the notice period is over. Choice of 32-day or 45-day notice period product is available
  • Offered in Canadian dollars
  • Minimum balance of $5,000
  • Partial withdrawals are allowed as long as $5,000 remains in the account. Notice period must be satisfied before funds are paid out
  • Available for personal accounts
  • CDIC insured for eligible deposits

View our current Hi-Rate Savings Plus rates

REGISTERED SAVING PRODUCTS

RRSP Account

Registered Retirement Savings Plan (RRSP) is a personal savings plan introduced by the Canadian
federal government encouraging Canadian residents to save for their retirement on a tax-sheltered basis.

With Habib Canadian Bank your RRSP investments can be held in an RRSP Savings account or an
RRSP Term Deposit (GIC) account.

With our RRSP account you enjoy the following benefits:

  • Your contributions are tax deductible**
  • Attractive interest rates on Savings as well as Term Deposit accounts
  • Your principal and returns are not affected by the daily fluctuations of the stock markets
  • Earn interest on every dollar you save
  • No fees or charges
  • Available in Canadian dollars only
  • CDIC insured for eligible deposits
  • Automatic Savings Plan: Make automatic contributions to your RRSP with Habib Canadian Automatic Savings Plan at no charge. Minimum $100.00 contribution per month required
  • Available for personal accounts only
  • No Minimum Balance
  • Invest in either a Savings account or a Term Deposit account
  • Attractive interest rates for both accounts
  • You do not pay any tax on your interest income
  • You do not pay any tax even when you withdraw your funds under TFSA
  • Your principal and returns are not affected by the daily fluctuations of the stock markets
  • Earn interest on every dollar you save
  • TFSA does not require you to have earned income to invest
  • You can indefinitely carry forward your TFSA unused contribution limit**
  • No fees or charges
  • Available in Canadian dollars only
  • CDIC insured for eligible deposits
  • Automatic Savings Plan: Make automatic contributions to your TFSA at no charge. Minimum $100.00 contribution per month required

View our current interest rates

TFSA Saving Accounts

The Tax Free Savings Account (TFSA) is a program introduced by the Canadian federal government as an investment vehicle for Canadian residents. Whether you are saving for a future home, a car, renovations, your children’s education, or saving funds for emergencies, a TFSA savings account helps you grow your portfolio faster.

With Habib Canadian Bank, your TFSA investments are held in either a TFSA savings account or a
TFSA term deposit (GIC) account.

Our TFSA accounts provide you with the following benefits:

  • Invest in either a Savings account or a Term Deposit account
  • Attractive interest rates for both accounts
  • You do not pay any tax on your interest income
  • You do not pay any tax even when you withdraw your funds under TFSA
  • Your principal and returns are not affected by the daily fluctuations of the stock markets
  • Earn interest on every dollar you save
  • TFSA does not require you to have earned income to invest
  • You can indefinitely carry forward your TFSA unused contribution limit**
  • No fees or charges
  • Available in Canadian dollars only
  • CDIC insured for eligible deposits
  • Automatic Savings Plan: Make automatic contributions to your TFSA at no charge. Minimum $100.00 contribution per month required
  • Available for personal accounts only
  • Minimum Deposit of $2,000.00

View our current interest rates