Increases US$ HiSAVE Savings Account interest rate
Limited time offer expires July 4
Laurentian Bank of Canada has launched a new multi-rate GIC that offers a 7% rate of retun in the fifth year.Tthe Xtra Multi-Rater GIC offers a five-year average annual return of 3.808%. It pays a 2.7% rate for the first year, a 2.8% rate for the second year, a 3.2% rate for the third year, […]
GIC linked to banking, utilities sectors
RBC Royal Bank is sending refunds totalling $25 million to 250,000 of its GIC clients to correct an error which confused simple with compound interest.Nearly one-third of the bank’s customers will receive refunds of more than $50.“We regret the inconvenience this situation has caused and would like to assure clients that we have resolved this […]
New GICs help investors earn higher rates sooner
BMO Term Investments today announced that it is expanding its family of BMO Market Linked Term Investments by introducing the BMO Dividend Fund Linked GIC. BMO says the new GIC will allow conservative investors to participate in returns that are directly linked to the performance of BMO Dividend Fund.The GIC is guaranteed to repay principal […]
Assures minimum return of 5% despite markets
Equity-linked bonds guarantee principal, pay up to 10% annual income
Term-deposit linked to companies in DJSWI