Long Term GICs
Term | Annual (%) | Semi Annual (%) | Monthly (%) |
---|
1 Year | 4.05 | 4.00 | 3.95 |
18 Months | 3.90 | 3.85 | 3.80 |
2 Years | 4.00 | 3.95 | 3.90 |
3 Years | 3.95 | 3.90 | 3.85 |
4 Years | 3.80 | 3.75 | 3.70 |
5 Years | 3.90 | 3.85 | 3.80 |
Long-term GICs are non-redeemable and require a minimum deposit of $1,000. Interest is calculated per annum.
Short Term GICs
Term | Rate (%) |
---|
30-59 Days | 1.00 |
60-89 Days | 1.00 |
90-119 Days | 1.00 |
120-179 Days | 1.00 |
180-269 Days | 2.25 |
270-364 Days | 2.70 |
Short-term GICs are non-redeemable and require a minimum deposit of $1,000. Interest is compounded annually and paid at maturity. Interest is calculated per annum.
Cashable GICs
Term | After 30 Days (%) | After 90 Days (%) |
---|
1 Year | 2.25 | 2.25 |
Cashable GICs require a minimum deposit of $1,000. Interest is compounded annually and paid at maturity. Interest is calculated per annum.
Registered GICs (RSP, TFSA, RIF)
Term | Rate (%) |
---|
1 Year | 4.05 |
18 Months * | 3.90 |
2 Years | 4.00 |
3 Years | 3.95 |
4 Years | 3.80 |
5 Years | 3.90 |
*The 18 Month term is not available for RIF.
Registered GICs are non-redeemable, and require a minimum deposit of $1,000 for RSP and TFSA, or a minimum deposit of $10,000 for RIF. For all registered plans, interest is compounded annually and paid at maturity. Interest is calculated per annum. Annual interest is available for TFSA plans only. Income options for RIF are annual, semi-annual, quarterly and monthly. Short-term is also available as RSP starting from 90 days.