Our Rates

Maximize your savings with our market-leading interest rates.

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Daily Interest Savings

Achieva’s Daily Interest Savings Account allows you to earn high interest while keeping your savings fully accessible.

All deposits guaranteed without limit by the Deposit Guarantee Corporation of Manitoba.
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2.95
%
The rate is calculated on your daily closing balance and paid monthly.
*All rates and conditions subject to change without notice.

GIC Rates

Grow your savings with confidence with a high interest rate GIC. Applies to GIC, TFSA, RRSP or RRIF.

All deposits guaranteed without limit by the Deposit Guarantee Corporation of Manitoba.
*All rates and conditions subject to change without notice.
GIC/RRSP/RRIF/TFSA
*min deposit $1000
Term
Interest rate
1 Year
Effective
November 29, 2022
4.70
%
2 Year
Effective
November 29, 2022
4.75
%
3 year
Effective
November 29, 2022
4.80
%
4 year
Effective
November 29, 2022
4.90
%
5 year
Effective
November 29, 2022
5.00
%

GIC interest rates quoted are per annum, with interest calculated and paid on each 12 month anniversary date, and at maturity. Term rates are guaranteed for their specific duration and are not redeemable prior to maturity.

Your savings are secure.

Your investments are safe with Achieva. We are committed to helping our customers grow their savings with guaranteed returns and great interest rates.
When you lock your savings into an Achieva Guaranteed Investment Certificate (GIC), your interest rate is guaranteed. Plus, all deposits are guaranteed without limit by the Deposit Guarantee Corporation of Manitoba. This includes principal and interest.

A long history you can count on.

Achieva Financial was a pioneer of online savings, having been among the first launched back in 1998. Over 20 years later, we continue to offer higher than bank interest rates to our growing customer base, under our original name and ownership. That makes us unique in our market. You can consistently count on Achieva.

Save taxes. Add a Savings Account or GIC to your Registered Savings Plan.

You can add a Savings Account or GIC to your Registered Savings Plan, sheltering the interest earned from taxes.

TFSA GIC or Savings Account

Whether saving for short term or long, a Tax Free Savings Account or TFSA GIC helps you save more, tax-free.

RRSP GIC or Savings Account

Save for your retirement with confidence, with a secure, guaranteed RRSP GIC or RRSP Savings Account.

RRIF GIC or Savings Account

Earn higher interest, tax-free, and withdraw income in your retirement with a secure, guaranteed RRIF GIC or RRIF Savings Account.

Earn a higher return with GIC Laddering

Take the guesswork out of timing the interest rate market. Use the GIC Laddering Strategy to continuously invest at the highest interest rate available. Here’s how it works:
1. Separate the funds you want to invest into 5 equal amounts.


Invest 1/5 of your investment total in each of : 1 year GIC, 2 year GIC, 3 year GIC, 4 year GIC and 5 year GIC.

This is what your GIC investment portfolio will look like in Year 1:
1 Year GIC
4.70
%
2 Year GIC
4.75
%
3 Year GIC
4.80
%
4 Year GIC
4.90
%
5 Year GIC
5.00
%
2. Each year, one GIC matures and you reinvest the total in a 5 year GIC.

This ensures that you are consistently investing in the highest GIC rate (i.e. 5 year term) and that you have funds maturing every year in case you need the funds.

By laddering your GICs:
1

You are continuously investing in the highest GIC rate available, which will increase the return on your savings. Over time, you will earn a higher average rate of return than if you continuously invested in 1 Year GICs, for example.

2

Your investment is guaranteed and your interest rate is fixed. This means you’ll know precisely how much interest you will earn and the GIC is guaranteed with limit by the Deposit Guarantee Corporation of Manitoba.

3

GICs maturing every year, providing you with liquid funds in case you need.

What the media is saying
about Achieva

Ranked as one of the best GIC rates in Canada
September 2022
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Ranked as one of the best Savings Accounts in Canada
January 2022
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Ranked as one of the best online banks in Canada
July 2022
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Ranked as the best online bank for GIC savings in Canada
August 2022
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