A pre-authorized contribution plan ensures that minimum investment requirement is met. The contributions continue for the full term. No interest is paid if principal is redeemed within the first six months. Can be part of overall financial plan or meet specific goal. All contributions earn interest from day one.
All funds attract the same rate even during accumulation.
Immediate earnings at attractive rates, even while accumulating principal. Interest compounds annually and is automatically reinvested. Certificate issued for each GIC, along with semi-annual statement of term investments. Easy for clients to record and keep track of their investments. GICs can be automatically renewed at maturity.