An investment product that guarantees your capital 100% is good. A product that guarantees your return is even better! That’s what our Multi-Rater GIC is about, and much more…..
Flexibility: because you can’t anticipate every thing
Life can sometimes be full of surprises. Similarly, equity market and interest rate fluctuations are just as hard to anticipate. There is no way to be certain if a new and more lucrative investment opportunity will arise just after you invest your capital For all these reasons, investors should aspire to a certain level of flexibility in their portfolio. The Multi-Rater GIC is just the ticket. The next best thing to a totally liquid investment, this product offers you the possibility to fully withdraw your investment at each anniversary date (1st, 2nd, 3rd or 4th year). Finally, a solution that makes sense!
Multi-Rater GIC Xtra
Is the Multi-Rater GIC just one small step away from the ideal solution for you? We happen to boast a Multi-Rater GIC that can be reinvested… the Multi-Rater GIC Xtra! At each anniversary date, you can reinvest in a GIC with a term equal to or greater than the term balance. It’s a great solution that
gives you the flexibility to seize the moment when interest rates are on the rise!
| CHARACTERISTICS | |
| Minimum investment | Non registered investment: $1,000 RRSP: $500 |
| Terms available | 5 years |
| Eligibility to a registered plan | RRSP and RRIF |
| Access to capital | Multi-Rater GIC: Opportunity to withdraw the entire investment at each anniversary date or within the 10 following days. Multi-Rater GIC Xtra: Option to reinvest the full amount in a GIC with a term equal to or greater than the term balance at each anniversary date or within the subsequent 10 days. |
| Interest payment | Compound interest on an annual basis paid at maturity. |
Summary
This investment product is suited for you if:
- You seek an investment vehicle that protects the initial amount of your investment;
- You prefer to be aware of your return from the outset;
- You are seeking for higher rates over a 5-year period;
- You wish to secure some degree of flexibility to withdraw your capital or reinvest at specific periods (at anniversary dates of the investment).
This investment product is not suited for you if:
- You anticipate the need to access your capital on short notice;
- You are positive that you will not need your funds for the next 5 years.
