GIC Rates

The latest GIC Rates as of August 26, 2010 **Rates are subject to change.

Rates
Dundee US$ Investment Savings Account1 0.20%
Dundee C$ Investment Savings Account1 0.95%

Short-Term GIC (Minimum Investment $5,000)
Term Interest Rate4 Features

30 - 59 days

0.40 %

Rates apply to GICs from $5,000 to $99,999. 99. Rates for amounts of $100,000 and over are available on request. They must be booked and confirmed with Financial Agent Services.

60 - 89 days

0.50 %

90 - 179 days

0.60 %

180 -364 days

0.75 %

Earn higher returns with investments as safe as a GIC. A Segregated fund may be a better option for you. Benefits of OUR Segregated Funds:

  • Up to 100% guarantee of principal on death or maturity
  • May be protected from creditors and probate fees
  • May be compatible with your existing insurance policies
  • Competitive rates of return compared to other investments
  • Lower costs of investment
  • Higher value of investment
  • Higher rate of return
  • Less time for more growth
Learn more about Segregated Funds
Long-Term GIC (Minimum investment of $1,000 unless otherwise indicated)
Term Annual Interest GIC5 Annual Compound Interest GIC6 Monthly Interest GIC7
(min. $5,000)		 Semi-Annual Interest GIC8

1 year

1.35 %

1.35 %

1.225 %

1.275 %

1 year Cashable

*0.90 %

-

-

  

18 months

-

-

-

-

2 years

1.95 %

1.95 %

1.825 %

1.875 %

3 years

2.35 %

2.35 %

2.225 %

2.275 %

4 years

2.70 %

2.70 %

2.575 %

2.625 %

5 years

3.05 %

3.05 %

2.925 %

2.975 %
Overdraft Interest Rate9 21.00%

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1Interest is calculated daily on the opening balance of the account and is paid monthly on the last Friday of each month, or if the last Friday of any month is a holiday, on the immediately preceding business day. Daily interest will be calculated by multiplying the applicable annual interest rate by the daily opening balance, and dividing that amount by 365 or 366 in a leap year.

2 Interest is calculated daily and payable monthly on the last day of the month. Daily interest calculation is based on the day’s closing balance multiplied by the interest rate in effect that day, divided by 365; or 366 in a leap year period.

4 Interest is based on the GIC amount multiplied by the fixed interest rate, multiplied by the number of days of the GIC term and divided by 365; or 366 in a leap year period.

5 On Annual Interest GICs, interest is calculated and paid annually on the anniversary of the investment. Interest is calculated by multiplying the fixed interest rate with the amount of the GIC investment.

6 On Compound Interest GICs, interest is calculated annually (on the anniversary of the investment) by multiplying the fixed interest rate with the amount of the GIC investment plus any accumulated interest. The annual interest is credited (but not paid) and is paid upon maturity of the GIC.

7On Monthly Interest GICs, interest is paid monthly. Interest is calculated by multiplying the fixed interest rate with the amount of the GIC investment divided by 12.

8 On Semi-Annual Interest GICs, interest is paid semi-annually. Interest is calculated by multiplying the fixed interest rate with the amount of the GIC investment, divided by 2.

9 Interest Calculation: Calculated daily based on the day’s closing balance multiplied by the interest rate in effect that day, divided by 365; or 366 in a leap year period.

All interest rates in this Schedule are per annum and are current to the date noted above. They may change without notice.

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