Long Term (7 to 12 years) TFSA Rates
TFSA Interest Rates
|Tax-Free Term Deposits/GICs: 7 to 12 years|
|Term In Years|
|Bank of Montreal||no||1,000||1.3000||-||-||2.0000||-||-|
|Royal Bank of Canada||no||500||1.1500||-||-||1.5000||-||-|
Interest compounded annually 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. These investments are registered for tax purposes as a TFSA (Tax-Free Savings Account).
Prepared by CANNEX on May 5, 2021 at 08:09:18 ET.
This information is current as of the date and time posted and is subject to change without notice.
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