Financial Services Market-linked GIC
Features and benefits
- 100% participation rate - receive the full gains of the Market-Linked GIC over the term, up to a maximum rate (return is based on the cumulative return of the basket of securities)
- Principal completely guaranteed at maturity
- Earned interest paid at maturity
- $100 minimum investment for registered and non-registered accounts
- No management fees or commissions
- Available for a 3 or 5-year term
- Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).
Current sales period details
Rate of Return
- Current Offering: May 21, 2024 to July 19, 2024
- Minimum cumulative rate over 3-year period: 7.00% (2.28% annualized)
- Minimum cumulative rate over 5-year period: 12.50% (2.38% annualized)
- Maximum cumulative rate over 3-year period: 35.00% (10.52% annualized)
- Maximum cumulative rate over 5-year period: Unlimited (Unlimited annualized)
Stocks | Weight |
---|---|
Bank of Montreal | 12.50% |
Bank of Nova Scotia | 12.50% |
Canadian Imperial Bank of Commerce | 12.50% |
Intact Financial Corp | 12.50% |
Manulife Financial Corp | 12.50% |
National Bank of Canada | 12.50% |
Royal Bank of Canada | 12.50% |
Sun Life Financial Inc | 12.50% |
Total | 100% |