*Assumes a 1.75% interest rate, compounded monthly. For illustrative purposes only.
**The graph is for illustration purposes. Interest rates shown are subject to change without notice and are on a per annum basis.
The amount of interest shown for HISA is calculated daily, compound monthly on a month with 31 days. Interest is calculated daily and compounded monthly. The amount of interest shown is based on 12 months, assuming each month has 31 days.
The 1-year Cashable GIC, interest is calculated and compounded annually and paid at maturity. If cashed prior to maturity, earns 0.00% if held for 90 days or less and 0.50% if held for 91-364 days. If held to maturity (1 year), 1.15% interest is earned and paid. The minimum required investment in the 1-year Cashable GIC is $100; the maximum investment is $2,000,000 per Member
The Raise the Rate GIC, Interest is calculated/compounded annually and will be paid annually and at maturity. During the course of the term, if a Member has elected to increase their rate, the annual amount of interest paid for that year will be pro-rated based on the two rates used for that year and the length of the time each rate held. The actual overall yield will be an amount produced by a rate of interest between the two rates.