Long Term (7 to 12 years) GIC Rates

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GIC Interest Rates

Term Deposits/GICs: 7 to 12 years
Financial Institution Redeem-
able
Redeemable
Term
Minimum
Deposit
Term In Years
7 8 9 10 11 12
*BMO Mortgage Corp. no   1,000 1.1000 - - 1.4000 - -
*BMO Trust no   1,000 1.1000 - - 1.4000 - -
*Bank of Montreal no   1,000 1.1000 - - 1.4000 - -
*Bank of Nova Scotia Agt no   1,000 - - - 1.3000 - -
*Montreal Trust Agt. Ser no   1,000 - - - 1.3000 - -
*National Trust Agent S. no   1,000 - - - 1.3000 - -
*Scotia Mtge Corp. Agt. no   1,000 - - - 1.3000 - -
ADS Canadian Bank no   1,000 - - - 1.3000 - -
Advisor's Advantage Tr. no   1,000 1.1000 - - 1.4000 - -
Bank of Montreal no   1,000 1.0000 - - 1.4000 - -
Bank of Nova Scotia no   1,000 1.0000 1.0000 1.0000 1.0000 - -
Bk Nova Scotia Mtg. Corp no   1,000 1.0000 1.0000 1.0000 1.0000 - -
CIBC yes   1,000 .9000 - - - - -
CIBC Trust Corp. no   1,000 .9500 - - - - -
EQ Bank no   100 1.7000 - - 2.0000 - -
Empire Life yes   500 .9500 1.1000 1.2000 1.3500 - -
Equitable Bank no   1,000 1.8500 1.9500 2.0500 2.1500 - -
Equitable Life yes   500 1.3000 1.3000 1.3000 1.5500 - -
Equitable Trust no   1,000 1.8500 1.9500 2.0500 2.1500 - -
Industrial Alliance yes   1,000 - - - 1.0500 - -
Laurentian Bank Canada no   500 1.6000 1.6000 1.6000 1.7000 - -
Royal Bank of Canada no   1,000 1.1500 - - 1.5000 - -
  yes   1,000 .9000 - - 1.2500 - -
Interest not compounded and paid annually.

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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