Invest in a GIC Laddered Strategy
Bonus interest rates are earned when the investment principal is equally distributed across each of the 1 to 5 Year GIC terms. The initial investment is broken down into five equal GICs with terms of 1, 2, 3, 4, and 5 years. A portion of the investment matures each year to gain flexibility to reinvest at the current posted rate. As each GIC matures, the term is reinvested into a new 5 year GIC.
GIC Laddered Strategy is available for Registered (RRSP & TFSA) and Non-Registered Plan Types
| Term Length |
Posted Rates |
Bonus Rates* |
| 1 Year |
0.85% |
0.95% |
| 2 Year |
1.15% |
1.25% |
| 3 Year |
1.30% |
1.40% |
| 4 Year |
1.35% |
1.45% |
| 5 Year |
1.45% |
1.55% |
| Average** |
1.22% |
1.32% |