1 Guaranteed investment certificates held in a business account are covered by the Canada Deposit Insurance Corporation (CDIC). Find out more about the coverage offered by CDIC.
2 Clients in the education, health and municipal sectors and public or Crown corporations should contact their Account Manager for more information concerning these investments.
3 The redemption conditions are as follows:
- Redemption allowed subject to a penalty based on the redemption table on the rates bulletin (F.12074)
- Redeemable before maturity at a reduced interest rate
- No interest if cashed within 30 days of the issue date
- Partial redemption allowed before maturity by portions of:
$1,000, subject to a minimum balance of $1,000 being maintained for GICs held for a year or more; or
$5,000, for GICs held for less than a year.