Interest payment options
- Monthly: calculated and payable based on the date the investment was issued ($1,000 minimum).
- Twice a year: calculated and payable based on the date the investment was issued ($1,000 minimum).
- Annually: calculated and payable based on the date the investment was issued, or compounded annually based on the date the investment was issued and payable at maturity.
- At maturity: for terms of less than one year.
For GICs purchased online, interest will only be paid annually.
Access to funds
Cannot be cashed in before maturity.
Posted rates are for annual interest calculations. For monthly interest, the rate is reduced by 0.125%. For quarterly interest, the rate is reduced by 0.05%.