|Guaranteed Investment Certificates (GICs) Rates|
GICs are issued by a CDIC-insured financial institution and pay a fixed rate for a fixed term. Maximum purchase of $100,000 per institution per account.
|Provincial Bonds||Rate Range|
|0 - 5 year||0.12%||to||2.27%|
|6 - 15 year||2.07%||to||2.76%|
These securities are backed by the issuing province as to the payment of principal and interest, based on its ability to levy and collect taxes. This does not remove market or interest risk.
|Corporate Bonds||Rate Range|
|0 - 5 year||0.17%||to||3.59%|
|6 - 15 year||1.74%||to||4.3%|
Corporate bonds are issued by various corporations and are available with various credit ratings, which vary according to the issuer. These also carry market and interest risk.
|Zero Coupon Bonds||Rate Range|
|0 - 5 year||1.02%||to||2.66%|
|6 - 15 year||2.32%||to||3.91%|
These securities are derived from Government of Canada, Provincial Government, and Corporate bonds. The coupons are removed and sold as different securities. The zero coupon security carries the same backing as the original bond. Market and interest risks are greater with zero coupon securities than with the original bond.
|U.S. Dollar Pay Bonds||Rate Range|
|0 - 5 year||0%||to||0%|
|6 - 15 year||0%||to||0%|
These securities are comprised of U.S. dollar corporate bonds, U.S. dollar Yankee bonds, which are Canadian corporate bonds issued in U.S. dollars, and FDIC-insured CDs.
|Rates on Cash Account / Premium Interest Account (PIA)|
|CA Dollar Balance Rate||
U.S. Dollar Balance Rate
|PIA less than $5,000||0.01%||0.01%|
|PIA greater than $5,000||0.40%||0.10%|
|Registered Cash Balances||0.01%||
|Rates on Customer Loan Balances|
|CA Dollar Balance Rate||U.S. Dollar Balance Rate|
|Less than $50,000||5.75%||6.75%|
|$50,000 to $99,999||5.50%||6.50%|
|$100,000 to $249,999||5.25%||6.25%|
|$250,000 to $499,999||5.00%||6.00%|
|$500,000 and greater||4.50%||
(Interest on cash balances are paid only if at least $1 of interest is generated)
|Currency Exchange Rate|
|Sell USD||1.3185 USD|
|Key Market Rate||
|Canadian Prime Rate||3.45%|
|U.S. Prime Rate||5.00%|
This is the rate that commercial banks charge on loans to their best commercial customers. Interest rates on other loans are often based on the prime rate.
The rates and yields presented are those available on the revision date and time displayed. They are expressed as yield to maturity (YTM), unless otherwise noted, and are subject to availability and change without notice.
This information is presented to better enable you to recognize the underlying differences between the investments featured and the resulting relationships of the rates presented.
There is a risk/reward relationship to every investment. Put simply, this means the higher the rate of return, the greater the relative risk. Unless otherwise noted, the investments shown are for a specified term. The rates displayed assume ownership until due date or termination date for the investment. Should your ownership cease for any reason prior to that date, the amount of principal you receive may differ from that originally invested (market risk), and your return may differ from that shown (interest risk).