November 29, 2017
Hello, I came across MCAN Mortgage Corp (http://mcanmortgage.com) for the first time today.
They offer mortgages and (of relevance to this forum) GICs ranging from 1-5 years. They are based in Toronto, and term deposits are CDIC eligible.
IMO, their rates are competitive, with a 5-year GIC at 2.8% (less than $25k) and 2.9% (more than $25k). All interest is compounded annually.
I was wondering if any of you had experience with this company, or know anything about them that might be helpful?
February 20, 2018
August 6, 2018
April 6, 2013
One can contact them and ask. Their phone and e-mail are on their Term Deposits FAQ page.
MCAN will need to confirm identity, as required by anti-money laundering laws. That could be a challenge to dealing with them directly if one can't visit their office in Toronto and they can see that the photo ID and the applicant match.
Current one year rates: