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Escalator type Guaranteed Investment Certificates (GICs) offer a fixed return for a fixed period of time. These tables list GIC lenders, minimum amounts, the interest rates and when the interest is accredited and product notes. The blended rate column illustrates an equivalent rate for each year of its full term.

Guaranteed Investment Certificates : Escalator

Institution Amount
($)
1
Year
2
Year
3
Year
4
Year
5
Year
Bank of Montreal            
Rate Riser Max - 3 yrs 1000 1.00 1.15 3.10    
RSP/GIC May be re-invested on the 2nd anniversary date.
  Minimum deposit is $500 for RSP. Available all year.
Rate Riser Max - 5 yrs 1000 1.00 1.30 2.00 2.45 4.75
RSP/GIC ($500) May be re-invested on the 3rd and 4th anniversary date.
  Available all year.
             
Luminus Financial 500 1.35 1.65 1.95 2.35 3.35
             
TD Canada Trust            
5 Year Stepper GIC 1000 1.00 1.15 1.40 1.65 4.00
GIC/RSP/RIF Cashable on each anniversary date
             
Government Bonds            
Canada Premium Bonds 100 1.00 1.20 1.40    
  Redeemable on anniversary date each year and 30 days after.
Canada Savings Bonds 100 0.50        
  If compound interest.
  300 0.50        
  If regular interest.
  Future rates to be determined each year. Redeemable anytime
  with earned interest paid up to the previous month end,
  except if redeemed within the 3 months following the
  issue date where no interest will be paid.
             
REPORT IS FOR INFORMATION ONLY. ALL NUMBERS ARE SUBJECT TO CHANGE.
(c) Fiscal Agents Financi al Information Services.
END OF FILE            
             
All prices are subject to change without notice.
© Fiscal Agents Financial Information Services
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