Non-Registered: Short-Term GIC Rates

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GIC Interest Rates

Term Deposits/GICs: 30 to 270 days
Financial Institution Term In Days Redeem-
able
Redeemable
Term
Minimum
Deposit
30 60 90 120 180 270
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.

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