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 |
2.00% |
2.35% |
| 2 Year |
2.15% |
2.60% |
| 3 Year |
2.85% |
3.45% |
| 4 Year |
2.35% |
2.95% |
| 5 Year |
2.60% |
3.20% |
| Average Rate** |
2.39% |
2.91% |