A guaranteed investment certificate (GIC) is a safe and secure investment which guarantees your initial investment as well as provides a fixed rate of return. When you get a GIC, you are agreeing to invest with a financial institution for a set number of months or years (the term). In… Read More
Deposits and certain investments up to $100,000 are eligible for deposit insurance by the CDIC. The maximum basic protection for eligible deposits is outlined in the brochure “Protecting Your Deposits” located on the CDIC website. For more information about coverage, please contact the CDIC at 1.800.461.CDIC (2342)… Read More
A non-redeemable GIC rate means it cannot be cashed in early. The longer you keep your money invested, the higher the rate of interest you generally earn. Bridgewater Bank’s short-term and long-term GICs are non-redeemable prior to maturity. If you’re looking for higher interest rates and you don’t need ready… Read More
A minimum investment of $5,000 is required to invest in Bridgewater Bank GICs, and there are no fees which means you keep all your hard-earned money. Read More
Bridgewater Bank offers short-term (less than one year) and long-term (one to five year) non-registered GICs. Read More
Bridgewater Bank works with a select network of expert deposit brokers and financial advisors – you can purchase a Bridgewater Bank GIC through them. We are a member of the Registered Deposit Brokers Association (RDBA), and you can find a list of deposit brokers on the… Read More
All non-registered funds are remitted via post-dated cheque prior to maturity and are sent to your deposit broker. The cheques may then be cashed or re-deposited with Bridgewater Bank. Read More
To start a Smart eSavings account, please contact us at the customer experience centre to apply! We’ll help you through the application process. To complete your application, you’ll need to provide a few pieces of personal information (including joint applicant information, if selected): Be a Canadian resident. Be at… Read More
Interest is calculated daily on the closing balance and compounded monthly. Read More
Bridgewater Bank is a member of the Canada Deposit Insurance Corporation (CDIC), which means your investments up to $100,000 are eligible for deposit insurance. For more information about coverage, please contact CDIC at 1.800.461.CDIC (2342) or visit the CDIC website. Read More