Why invest in an Escalator GIC? You always know how your money is working for you, making it easier to plan your cash flow.
3-Year Escalator GIC
A 3-year Escalator GIC is the best option when looking for a medium-term investment with the flexibility to access your funds on an annual basis. Your money is safe and secure. You benefit from increasing rates every year should you choose to maintain your investment.Â
Benefits
- Medium-term investment option
- Built-in flexibility
- Rates increase every year
- Earn higher rates the longer you hold your investment
- Access to funds on each anniversary
- Also available in RSP, RIF and TFSA
Features
- $500 minimum investment required; $100 for youth and students
- Principal is guaranteed
- Cashable in full or in part without penalty each year on the anniversary of your investment and 30 days afterwards
5-Year Escalator GIC
A 5-year Escalator GIC suits the long-term RSP, RIF or TFSA investor as it provides the flexibility to switch to another GIC investment of 3 years or more each year.
Benefits
- Built-in flexibility
- Rates increase every year
- Earn higher rates the longer you hold your investment
Smart and flexible
These products offer a smart way to manage your risk because the Principal is guaranteed and your rate of return is already known.
Features
- $500 minimum investment required; $100 for youth and students
- Convert into any other non-redeemable long term GIC on each anniversary date and 30 days thereafter
- Principal is guaranteed
- Only available in an RSP, RIF or TFSA