Early Redemption is available only on Canadian Dollar GIC and U.S. Dollar term deposits with maturities of 1 year or more at 0.50% and 0.25% respectively. No interest is paid for early redemption of GICs or term deposits if the redemption is made within 6 months of opening the GIC or term deposit.
Early redemption is only available on Canadian Dollar GICs with terms less than a year. No interest is paid for early redemption of Canadian Dollar GICs if redeemed within 30 days of opening the GIC. Interest at the rate of 0.05% is paid for early redemption.
Early redemption is available only on US Dollar Term Deposits with terms less than 1 year. No interest is paid for early redemption of US Dollar Term Deposits.
1 For Canadian Dollar GICs or US Dollar Term Deposits above $4,999,000, speak to your relationship manager or branch manager for current interest rates. A notice of redemption is required for Canadian Dollar GICs or US Dollar Term Deposits valued above $4,999,000.
2 A minimum of $100,000 in the currency of deposit is required for terms less than 30 days.
3 All interest rates mentioned are annual, and interest is compounded annually and paid at the time of maturity.