Savings Rates | U.S. Term Deposits: 1 to 6 years
|Financial Institution||Redeemable||Minimum Deposit||Term in Years|
|Laurentian Bank Canada||no||5,000||0.050||0.050||0.050||0.050||0.050||-|
|Bank of Nova Scotia||no||1,000||0.325||0.475||0.475||0.675||0.975||-|
|Royal Bank of Canada||no||5,000||0.350||0.450||0.500||0.700||1.000||-|
|BMO Bank of Montreal||yes||1,000||0.350||0.500||0.550||0.800||1.100||-|
|Meridian Credit Union||no||5,000||0.300||0.500||0.800||1.000||1.250||-|
|ICICI Bank Canada||yes||1,000||0.650||0.900||1.250||1.600||2.000||-|
|State Bank of India (C)||yes||1,500||0.650||0.900||1.250||1.600||2.000||-|
|State Bank of India (C)||no||1,500||0.750||1.000||1.350||1.700||2.100||-|
|Parama Credit Union||no||500||0.400||-||-||-||-||-|
|TD Canada Trust||no||5,000||0.450||-||-||-||-||-|
Interest not compounded and paid at maturity.
Term deposits are investment products that offer a guaranteed rate of return for a pre-defined time period. The applicable interest rate varies according to the term of investment, the amount of money invested, the treatment of interest and whether or not the investment is redeemed prior to maturity. Term deposits are also known as GICs (Guaranteed Investment Certificates), or Accumulation Annuities when issued by an insurance company. These investments are purchased and held in US funds.
Prepared by Cannex on September 28, 2016
This information is current as of the date and time posted and is subject to change without notice.
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