Term Deposits

GIC Interest Rate Specials (Odd Month Specials)

Ideal for the investor who is looking to maximize their return with a minimal initial investment.

Key features:

Minimum $500 investment
Selection of terms available – view current rates
Interest is calculated daily and paid annually
Renewable
Early withdrawals are not permitted

Ratebuilder GIC

Perfect for investors who want flexibility and the benefit of annual rate increases while investing funds over the longer term.

Key features:

Minimum $500 investment
3 or 5 year terms available
Fixed step-up interest rate schedule
Interest is calculated daily - option of non-compounding and compounding interest
Eligible for RRSP/TFSA /Non-registered plans
Fully redeemable on each anniversary date
Renewable

Redeemable Investment Certificates

A Redeemable GIC can be a great investment for short and long-term goals, like saving for a major purchase, wedding costs, and retirement with a guaranteed rate of return for the period of your term. Ideal for investors who want to access their money at any time while earning a higher interest rate than a savings account.

Key features:

Cashable without penalty after 30 days
Minimum $500 investment
1 year term available
Interest is calculated daily and will be compounded on the maturity date
Eligible for RRSP/TFSA /Non-registered plans
Renewable
Automatic Investment Plan option is available

Index Linked Term Deposits

Ideal for investors who want to diversify their investment portfolio while protecting the principal of their investment. The return on these deposits is based on stock market performance.

Key features:

Rate of return is linked to the average performance of the S&P/TSX 60 Index
Principal amount invested is guaranteed against loss
Minimum $500 investment
3 or 5 year terms available
Eligible for RRSP/TFSA /non-registered plans
Investment is not available for early redemption
Non-renewable

Index-Linked Term Deposits are only available during specific time periods. Contact us for more information. Terms and conditions will vary based on the series offered.

Guaranteed Investment Certificates – Annual Interest

Ideal for investors who want a higher rate of return than redeemable GICs. A non-redeemable GIC does not allow for access to the investment prior to the maturity of the term.

Key features:

Minimum $500 investment
Selection of terms available: 1 to 5 year terms
Interest is calculated daily and paid annually; option of non-compounding and compounding interest
Eligible for RRSP/TFSA /non-registered plans
Renewable
Early withdrawals are not permitted