US Term Deposits/GICs: 30 to 270 days
Financial Institution Redeem-
able
Redeemable
Term
Minimum
Deposit
Term In Days
30 60 90 120 180 270
Alterna Savings no   500 .0500 .1000 .1500 .2000 .2500 .3000
BMO Bank of Montreal no   1,000 .0500 .0500 .1000 .1000 .1000 .1000
Bank of Nova Scotia no   1,000 .0500 .0500 .0500 .0500 .2500 .3000
CIBC no   5,000 .0500 .0500 .1000 .1000 .1000 -
Desjardins - Caisses no   5,000 .0500 .1000 .1000 .1000 .1000 .1000
Equitable Bank no   1,000 .2000 .2500 .3000 .3500 .4500 .5000
Equitable Trust no   1,000 .2000 .2500 .3000 .3500 .4500 .5000
HSBC Bank Canada yes   500 .0500 .0500 .1000 .1000 .1500 .1500
Meridian Credit Union yes   5,000 .0500 .0500 .1500 .1500 .3000 .3500
National Bank no   5,000 .0400 .0700 .1000 .1000 .1200 .1500
  yes   5,000 .0300 .0400 .0500 .0500 .0500 .0500
Royal Bank of Canada no   5,000 .0200 .0500 .0500 .1000 .1000 .1000
Steinbach Credit Union yes   500 .1000 .1000 .1500 - - -
TD Canada Trust no   5,000 .0500 .0500 .1000 .1000 .1000 .1000
Tangerine no   1 - - .1500 - .1500 .2000
Interest not compounded and paid at maturity.

Term deposits are investment products that offer a guaranteed rate of return for a pre-defined time period. The applicable interest rate varies according to the term of investment, the amount of money invested, the treatment of interest and whether or not the investment is redeemed prior to maturity. Term deposits are also known as GICs (Guaranteed Investment Certificates), or Accumulation Annuities when issued by an insurance company. These investments are purchased and held in US funds.