US Term Deposits/GICs: 1 to 6 years
Financial Institution Redeem-
able
Redeemable
Term
Minimum
Deposit
Term In Years
1 2 3 4 5 6
Alterna Savings no   500 .3500 .4000 .4500 .5000 .5500 -
BMO Bank of Montreal yes   1,000 .2000 .3000 .4000 .5500 .6000 -
Bank of Nova Scotia no   1,000 .3500 .5000 .5000 .7000 1.0000 -
Desjardins - Caisses no   5,000 .1500 .2000 .3000 .4000 .5000 -
Equitable Bank no   1,000 .6000 .7500 .8000 .9000 1.2000 1.2500
  cashable 30 days 1,000 .2500 - - - - -
Equitable Trust no   1,000 .6000 .7500 .8000 .9000 1.2000 1.2500
  cashable 30 days 1,000 .2500 - - - - -
Meridian Credit Union no   5,000 .3000 .5000 .8000 1.0000 1.2500 -
Parama Credit Union no   500 .5000 - - - - -
Royal Bank of Canada no   5,000 .1000 .2000 .3000 .4000 .5000 -
SBI Canada Bank no   1,500 .9500 1.1500 1.3500 1.4000 1.5000 -
  yes   1,000 .4500 .5500 .7500 .9500 1.1500 -
T-D Mortgage no   1,000 .1500 .2500 .3500 .4500 .5500 -
TD Canada Trust no   5,000 .1000 - - - - -
Tangerine no   1 .2000 .3500 .5000 .6000 .7000 -
Interest not compounded and paid at annually.

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.