Savings Rates | GIC/GIA: 30 to 270 days (Registered)
|Financial Institution||Compound Frequency||Payment Frequency||Redeemable||Minimum Deposit||Term in Days|
|National Bank||Not compounded||At maturity||no||500||-||-||0.500||-||0.700||-|
|Ontario Civil Service CU||Not compounded||At maturity||no||10,000||0.700||-||-||-||-||-|
|Ontario Civil Service CU||Not compounded||At maturity||no||20,000||0.850||-||-||-||-||-|
|Ontario Civil Service CU||Not compounded||At maturity||no||40,000||0.850||-||-||-||-||-|
|Ontario Civil Service CU||Not compounded||At maturity||no||100,000||1.100||-||-||-||-||-|
|Ontario Civil Service CU||Not compounded||At maturity||no||5,000||0.600||-||-||-||-||-|
|Ontario Civil Service CU||Not compounded||At maturity||no||60,000||0.850||-||-||-||-||-|
|PACE Savings & Credit Un||Annually||At maturity||no||1,000||-||-||-||-||0.750||-|
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 registered for tax purposes as an RSP (retirement savings plan).
Prepared by Cannex on April 16, 2014
This information is current as of the date and time posted and is subject to change without notice.
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