Tax-Free Savings Account (TFSA)

¹ Rate is subject to change without notice. Interest rate is an annual rate, interest earned is paid annually and at maturity. The 18-month GIC is non-redeemable. For all GIC terms and conditions, please visit Guaranteed Investment Certificate (GIC) Terms and Conditions.

² Interest rates shown are subject to change without notice and are on a per annum basis. The 1-year Cashable GIC, if cashed prior to maturity, earns 0.00% if held for 90 days or less, 2.75% if held between 91-180 days, and 2.75% if held for 181-364 days. If held to maturity (1 year), 2.75% 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.

³ A minimum investment of $100 is required for both the 3-year and 5-year Raise the Rate GICs. Both the 3-year Raise the Rate GIC and the 5-year Raise the Rate GIC are non-redeemable over the life of the product. The initial investment is made at the prevailing rate for the Raise the Rate GIC. Members are eligible to increase the rate once over the life of the 3-year Raise the Rate GIC and twice over the life of the 5-year 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 for the full term of the deposit will be based on a blend of the original contract rate and any elected increases to the rate.