Beneva
BMO Insurance
Canada Life
Desjardins Financial
Empire Life
Equitable Life
Great-West Life
Industrial Alliance
ivari
Manulife
RBC Insurance
Sun Life
Long Term (7 to 12 years) TFSA Rates
TFSA Interest Rates
| Tax-Free Term Deposits/GICs: 7 to 12 years | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Financial Institution | Redeem- able |
Redeemable Term |
Minimum Deposit |
Term In Years | |||||
| 7 | 8 | 9 | 10 | 11 | 12 | ||||
| Bank of Montreal | no | 1,000 | 1.3000 | - | - | 2.0000 | - | - | |
| EQ Bank | no | 100 | 2.1000 | - | - | 2.4000 | - | - | |
| Empire Life | yes | 500 | 1.1000 | 1.2500 | 1.3500 | 1.5000 | - | - | |
| Equitable Life | yes | 500 | 1.3000 | 1.3000 | 1.3000 | 1.7000 | - | - | |
| Industrial Alliance | yes | 1,000 | - | - | - | 1.2500 | - | - | |
| Manulife Investments | yes | 2,500 | 1.0000 | 1.1500 | 1.3500 | 1.5500 | - | - | |
| 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. © Copyright 2021 CANNEX Financial Exchanges Limited. All rights reserved. |