TD offers a wide variety of GICs including Cashable and Non-cashable options, making it easy for you to find one that meets your investments goals. Current GIC Rates as of February 13, 2014. We offer competitive interest rates (ask an advisor about our current interest rates) and other features, including: Flexibility. You can provide a lump sum payment, a steady stream of lifetime income, income for a specified time, or any combination of these options* to beneficiaries. To get the most from your money, you have to make the smartest investments you can as GIC interest is fully taxable. View the most up-to-date interest rates. RRIF and LIF GIC rates. Rates effective as of: October 03, 2020. Sun Life GICs. I was surprised that Sun Life had offered someone a three-year term-certain annuity with a return of just over 2.8% at the same … Sun Life | GIC Rate Promotion. Annuity Products; Single LIfe Annuity; Joint Life Annuity; Term Certain Annuity; Deferred Annuity; Indexed Annuity; Cash Refund; Impaired Annuity; Insured Annuity; … To access GIC rate histories, click on the date link in each row. Customer Service Hotline (852) 2103 8928. Rate indicated is based on the Sun GIC Max - Short Term Rates product, and is a non-redeemable rate. The rate of 1.10% is 0% higher than the average 1.1%. Account term. You can email yourself a PDF containing a report of a client’s results. Your deposits at the financial institution are insured by the Deposit Guarantee Corporation of Manitoba (DGCM) without limit (i.e. 1-year (%) 2-year (%) 3-year (%) 4-year (%) 5-year (%) $500 to $9,999: 0.30: 0.35 They are popular for offering one of the best non-promotional High-Interest Savings Account rates (at 1.50%) and GIC packages. The Fund credits interest on a daily basis and provides the withdrawal flexibility that is expected of a money market fund, while generating a stable rate of return. Rate indicated is based on the Sun GIC Max - Short Term Rates product, and is a non-redeemable rate. 0.250 %. Compound GIC's pay you interest on your interest. Refer to the GIC Confirmation for details. The Legacy Settlement Option allows you to customize the death benefit from your Insurance GIC. To earn the highest possible GIC interest rate at Alterna Bank, you will have to opt for locking in your investment for at least 5 years. The GIC above is one of our best interest rates we reserved for our client on May 13, 1980 for 1 year term deposit. You can use … If redeemed on or after 30 days but before maturity, a 1.25% reduction in interest rate will apply. Read more now. Back to top. Interest is calculated daily and paid monthly from December 1, 2020 to April 30, 2021 on net new deposits to the account received from December 1, 2020 to March 12, 2021 to a maximum of $100,000. Sun Life | GIC Rate Promotion Posted May 11 2012 by BRIDGEFORCE™ in News Archive , Sun Life , Supplier Company News with 0 Comments In case you missed it, there’s still time to get the special interest rate we’re offering on any short-term redeemable GIC. Flexible maturity dates – extra flexibility lets you pick the exact date when you get your money back. Interest rates • 2Lower than Sun GIC Max • Higher than Superflex AA and SLF Trust GIC2 • Lower than Sun GIC Max2 *An Insurance GIC is an accumulation annuity issued by Sun Life Assurance Company of Canada. GIC INTEREST RATES; Company 5 Year Term; Achieva … Despite low interest rates, the amount of Canadian GIC assets has stayed remarkably stable over the past decade at approximately $450 billion. EQ Bank clients have access to a mobile app that enables banking from anywhere. By fixed income, it infers that you are generally paid a fixed percentage of interest (income) for lending your money to a bank/financial institution. You are guaranteed to receive a set interest rate over a fixed term, and your investment is protected by  insurance legislation. Meridian Credit Union GIC Rates. *Lifetime income or income for a specified time is made possible by an annuity. Request Information Home; Products. Why Choose EQ Bank GICs? Ideal Savings is an online bank operated by Carpathia Credit Union. Short-term GICs may be redeemed prior to maturity but interest is forfeited if redeemed within 29 days. Best Canadian Interest Rates Today: June 28, 2012 0.250 %. Annual interest (YRA): Simple interest deposited annually to daily. Here’s how we can help you. Rate indicated is based on the Sun GIC Max - Short Term Rates product, and is a non-redeemable rate. Details about Assuris’ protection are available at www.assuris.ca or by calling the Assuris Information Centre at 1-866-878-1225. Rates effective as of: January 12, 2021. 0.250 %. To be included in the GIC chart, rates have to be posted publicly and be available without needing to go through a broker. Ideal Savings TFSA GIC rates range from 1.31% to 1.61%. Remember, this is a great way for your clients to temporarily invest their tax refund. EQ Bank vs. Big 5 Banks). Account term. 100% regardless of the amount). We offer competitive interest rates (ask an advisor about our current interest rates) and other features, including: Flexibility. Beginning February 10, 2017, Sun Life Group Retirement Services will update the methodology we use to calculate base interest rates for our guaranteed funds (guaranteed interest account or GIAs, and guaranteed interest certificates or GICs). 8:30 am to 5:00 pm, EST weekdays Also it is the highest rate for this term period 1.05 Updated Jun, 2018 on Sun Life Financial Trust's secure website. Short-term options – 30 to 364 days; Long-term options – 1 … Meridian Credit Union is an Ontario Credit Union and offers competitive Ontario GIC rates starting at 0.65% for a 1-year GIC to 1.45% 5-year GIC rates. Tangerine GIC rates start at 0.20% for a 90-day GIC, and go up to 1.20% for a 5-year term. One-year GICs pay approximately 1%, and you’re doing well if you find a 5-year GIC rate above 2%. The pacing and extent of the change may be different for guaranteed funds of different durations. GIC Interest rates are subject to change at any time and without notice. You can even customize future tax and interest rates for each year of your clients’ retirement. Account term. Contact Our Head Office. 1-year TFSA GIC rate: 1.31% © Sun Life Assurance Company of Canada. Insurance GICs also allow you to name a beneficiary to help avoid the cost and delays associated with probate and estate settlement. This means you'll get more money in subsequent interest periods. Also it is the highest rate for this term period 1.10 Updated Jun, 2018 on Sun Life Financial Trust's secure website. The interest rates offered on these GICs are lower than what is available for a similar non-redeemable GIC and an identical term. (We have much better GIC rates on our site, but these are the averages overall.) The promotional interest rate is made up of the regular posted variable annual interest rate of 0.15% and the variable annual promotional rate of 1.85%. We are delighted to announce the addition of the new Sun Life Daily Accumulation Fund ("the Fund") to our core investment platform. Find a Location Near You. Earn interest at a premium rate to maximize growth within your RRIF. Unlike many other investment types, GIOs can be liquidated – or “cashed out” – at any time, giving you easy access to your money when it’s needed. By signing in, you agree to these terms and conditions. Jun, 2018. 1-year (%) 2-year (%) 3-year (%) 4-year (%) 5-year (%) $500 to $9,999: 0.30: 0.35 Caroline Laflamme, Wealth Sales Director for Sun Life Financial, describes how this application was created to help make your job easier, and she’s done the math to prove it.. Register The GIC above is one of our best interest rates we reserved for our client on May 13, 1980 for 1 year term deposit. The rate of 1.05% is 0% higher than the average 1.05%. But income from non-registered annuities is only partially taxable. Your location. For more information, visit www.cdic.ca or call 1-800-461-2342. See also our savings account comparison chart. Scotiabank GIC Rates. Competitive High-Interest Rates: As shown above, you could be making an additional 1.00% on your GIC investment compared to some big banks (i.e. Rates are updated every day at 9:05am Pacific / 12:05pm Eastern. Settlement Option Client brochure, Accumulation Annuity - Tax Free Savings Account (TFSA), Superflex – Non registered, RRSP/Income Master RRIF, SunSpectrum Registered Retirement Income Fund, SunSpectrum Interest Account - Deferred Annuity - RSP/LIRA/Locked in RSP. Jun, 2018. You can email yourself a PDF containing a report of a client’s results. Sun GIC Max - RRSP, TFSA and Non-registered rates. Sign in to sunlife.ca/advisor and go to the Money for Life web app to access the Annuity & GIC income comparison tool or talk with your Sun Life Sales Director. Sun Life | GIC Rate Promotion. SunUniversalLife II rates; SunSpectrum Universal Life II rates ; Sun Limited Pay Life rates ; SunSpectrum Universal Life rates; SunUniversalLife rates - With investment bonus All policies issued prior to Nov 18, 2005 are considered to be "With investment bonus". Sun Life Financial Trust GIC Interest Rates. a guaranteed amount of interest; for a guaranteed period of time; Sun Life Financial GICs. CATEGORY Emerging markets fixed income INVESTMENT OBJECTIVE To seek to achieve total return comprised of a combination of interest income and capital growth by investing … See long-term rates. A five-year Sun Life Superflex accumulation annuity is 2.15%. In Sun Life, we have created easy and accessible investments with the right mix of funds for every risk profile. 3. 259 King St. E. Kingston, Ontario. The annuity must be allowed under the Income Tax Act (Canada). Sun Life Guaranteed Daily Interest Account The benefit for you and your members Assuris Coverage The account is backed by the financial strength of Sun Life Assurance Company of Canada, which is rated AA- or equivalent from most rating agencies. The promotional interest rate is made up of the regular posted variable annual interest rate of 0.15% and the variable annual promotional rate of 1.85%. Instead of paying the interest to you outside the GIC, the interest is added to your original deposit. However, there are also options to earn variable interest ( variable-rate GICs) or even have the return tied to the performance of the stock market ( market-linked GICs). The value within the annuity grows (accumulates) as deposits are made and as your plan earns interest. Our redeemable GIC provides guaranteed interest and allows clients to access their money at any time (subject to possible market value adjustment). It wasn’t always the case, though. GIC: up to: 2.45%: Jun, 2018: Sun Life Financial Trust Overview. All rights reserved. As such, the Fund is a viable alternative to money market funds. Despite low interest rates, the amount of Canadian GIC assets has stayed remarkably stable over the past decade at approximately $450 billion. The terms and conditions state clearly that early redemptions of non-redeemable term deposits are only permitted in the case of financial hardship and are subject to loss of interest. Please call us at 1-877-551-7283 if you require assistance. Compound interest (YRC) Annual interest (YRAP) Monthly interest … Sun Life term life insurance has four products but they can be separated in two - the SunSpectrum/SunTerm products, and the two Sun Life Go products. A $25 early redemption fee will also be charged. Learn more about the Bonus Rate RRIF GIC. *Sun Life Financial Trust Inc. is a member of Canada Deposit Insurance Corporation (CDIC), a Crown agency designed to protect the money you invest with member institutions. The former products are typical term life policies, available for terms of 10, 15, 20 or 30 years, renewable until age 85 and convertible to permanent until age 75 - they only differ by their maximum and minimum coverage amounts. By fixed income, it infers that you are generally paid a fixed percentage of interest (income) for lending your money to a bank/financial institution. The SunSpectrum Interest Account locked in retirement account (LIRA) can easily be converted into a life income fund (. If inflation rounds up at around 2% for the year, a 1-year GIC at 1.40% would have returned a negative 0.60%, leaving you with a lower purchasing power. 1 877 548-1881. info@empire.ca. Rates: Insurance GIC … The review has been received and will be be viewed for approval by a moderator. The current CIBC Prime Rate is RDS%rate[1].PRIME.rate(null,null,null,null)(#O2#)% as of RDS%SYSTEM_DATE(#M# #d#, #Y#)% Boost your income in retirement with the CIBC Bonus Rate RRIF GIC. At a time most large central banks are resolved to keep interest rates near zero, India, too, is likely to see extremely low rates for the next few years despite inflationary pressures, according to Maneesh Dangi.. Now for a comparison with guaranteed investment certificates, courtesy of the historical interest charts provided by the online bank Tangerine. Browse the full selection of GIC and Term Deposit rates that TD offers. We’re here to support you through COVID-19. Results. You have a number of choices for building your savings in compound interest investments or in a daily interest investment, and the accumulated amount determines the annuity payments upon maturity. Make well-informed decisions with helpful advice. Rate indicated is based on the Sun GIC Max - Short Term Rates product, and is a non-redeemable rate. Thank you for your contribution. Canadians who want to invest in Guaranteed Investment Certificates (GIC) or Registered Retirement Savings Plans (RRSP) can choose from the list of the best interest rates from all the Canadian banks, trust companies, credit unions and insurance companies in Canada. Sun Life Financial Trust Interest Rates. The term of your GIO can range from 12 months to several years, with interest rates based on the original amount invested. Also it is 0.8 % lower than the highest rate 2.50 Updated Jun, 2018 on Sun Life Financial Trust's secure website. The SunSpectrum Interest Account locked in retirement account (LIRA) can easily be converted into a life income fund to generate a steady stream of retirement income. Option C) Insured annuity with LTCI 2. Even in 1995, a 5-year GIC paid 7.1% with inflation at 1.7%, for a real return of 5.4% (7.1% – 1.7%). For example, there may be a difference to the amount you are guaranteed to receive once a fund matures and given a promised interest rate, when compared to the current interest rate and the actual market value of that fund when it is transferred (or withdrawn) before that maturity date. About Us ; Contact Us; Site Map; FAQs; Français (877) 842-3863 . This investment product starts with a guaranteed savings phase and then converts to a guaranteed income stream and is only available for locked in funds. Scotiabank offers GIC rates that range between 0.6% for a 1-year non-redeemable and 0.90% for a 5-year GIC, RRSP/RRIF eligible and available to all Canadians. However, with interest rates as low as they are, the unavoidable truth is that GIC returns right now are far from exceptional. Sunlife offers short term and long term GICs ranging in terms from 30 days up to 5 years for RRSP, TFSA and non-registered. A non-redeemable investment provides a higher interest rate than a redeemable investment option because you’re staying invested for the entire term. A good place to start Consider using the SLF Trust Sun GIC Max product feature sheet to walk clients through the features and benefits of this product. All in all, the GIC returns of the past, both in nominal and … (Infographic), Simplify your legacy plan – Legacy 0.250 %. Guaranteed Investment Certificates (GICs) and Term Deposits are a safe way to save money. Sun Life Financial Trust is part of Sun Life, the global financial services company based in Canada. Life. Best Interest Rates Canada. View the most up-to-date interest rates. With GIC interest rates at record lows, it's tough to make your investments generate the income you need. Posted May 11 2012 by BRIDGEFORCE™ in News Archive, Sun Life, Supplier Company News with 0 Comments. Possible penalties for early redemptions. Start investing with only PHP 1,000 or USD 1,000 then make subsequent investments for as low as PHP 1,000 or USD 200. Daily interest investment; Short-term options – 30 to 364 days; Long-term options – 1 to 5 year terms with a deposit as low as $1,000. ... Option A) $1M non-registered GIC - Assumed interest rate of 2% with principal returned at death. Below is the current best interest rates in Canada. Find out more about the current crediting interest rates for your insurance plan or investment funds at Sun Life Hong Kong. Jun, 2018. Below is the current best interest rates in Canada. Meridian Credit Union, unlike Motusbank, has a number of branches available to its customers. Read more here. Equitable Bank is a member of CDIC and your deposits are protected up to $100,000. To get our highest available GIC interest rates in BC, please review the provincial map below. 1 Empire Life a member of Assuris. Sun Life Excel High Income Fund FUND REVIEW | Q3 2019 Unless otherwise indicated: currency references are in C$; data sources are Sun Life Global Investments and RBC; opinions and data as of September 30, 2019. INVESTMENT TERMS AVAILABLE IN A SUN GIC MAX: • Daily interest investment • 30 – 364 days • 1 – 5 years Talk with your advisor today to develop the savings strategy that fits with your goals. Every effort has been made to ensure that the material is correct at time of publication, but we cannot guarantee its accuracy or completeness. The interest rate on most GICs is fixed. Best Canadian Interest Rates Today: June 28, 2012 Compound interest (YRC): Interest compounded Annual interest (YRAP): Simple interest paid out annually Monthly Interest (YRMP): Simple interest paid out monthly GIC - RRIF rates Rates effective as of: January 14, 2021 RBC GIC Rates © financialadvisory.com 2010-2021 - Although we cover a range of products that we update periodically, please confirm the precise terms and interest rates of the product with the relevant bank. Rates effective as of: January 21, 2021. Warning for Sun Life shareholders about Obatan LLC offer. Unless you tell Sun Life otherwise, the annuity payments will start after the annuitant turns age 100. Accumulation annuity and Superflex deferred annuity, SunSpectrum Interest Account - Deferred annuity, How a Sun Life Financial advisor can help you, Estate and Financial Planning Services (EFPS), Why work with one of our licensed professionals, Register for a my Sun Life Online Account, Contributions, withdrawals and fund changes, Student and new graduate programs overview, Rotational Leadership Development Programs, Co-op and summer internship opportunities, Chartered Professional Accountant (CPA) Pre-Approved Program, When did you last review your finances? A good place to start Consider using the SLF Trust Sun GIC Max product feature sheet to walk clients through the features and benefits of this product. The Empire Life Insurance Company. Annual interest (YRAP): Simple interest paid out annually. Guaranteed Investment Certificates or GICs belong to the fixed income group of investment assets that also include corporate bonds, government bonds, and term deposits. The rate of 1.70% is 0.19% higher than the average 1.51%. List of the best 2013 Canadian GIC interest rates. GIC- RRSP, TFSA and Non-registered rates. Sun Life Financial Trust 1 Year GIC Rate indicated is based on the Sun GIC Max - Short Term Rates product, and is a non-redeemable rate. With flexible currency options and guaranteed interest rates, you can navigate market volatility while also diversifying your investment holdings. Search radius. The GIC interest rates listed is intended as a general source of information only. Option B) Insured annuity - $1M immediate payout life annuity with no guaranteed period using non-registered funds. You can learn more about Assuris at www.assuris.ca.. 3 You can learn more about protection for bank/trust company GICs from the Canadian Deposit Insurance Corporation … For locked-in funds, the death benefit is paid according to applicable pension law. There could be an exception if one qualifies for preferred rates. Interest is calculated daily and paid monthly from December 1, 2020 to April 30, 2021 on net new deposits to the account received from December 1, 2020 to March 12, 2021 to a maximum of $100,000. The following GIC Certificate has a 13.5% annual interest rate. Daily Interest Fund Interest Rate # + 2.5% per annum * The above loan interest rate and loan charge are set by Sun Life Hong Kong Limited and are subject to change from time to time. A cost of insurance discount applies when this option has been selected. Personal Redeemable GICs 0.70% 1 On a 24-month term (annual rate) Also it is 0.8 % lower than the highest rate 2.50 Updated Jun, 2018 Monthly interest (YRMP): Simple interest paid out monthly. The longer the duration of your GIC investment, the higher the interest … 5-Year Progressive Rates; Term Amount to be invested; $500 to $24,999 $25,000 to $99,999 $100,000 to $199,999 $200,000 to $499,999 $500,000 to $999,999 GIC- RRSP, TFSA and Non-registered rates. Guaranteed Investment Certificates or GICs belong to the fixed income group of investment assets that also include corporate bonds, government bonds, and term deposits. Life’s brighter under the sun Sun Life Financial GICs and Sun GIC Max are issued by Sun Life … Insurance GICs, also known as accumulation annuities, offer security for you and protection for your family and because they guarantee your principal and the rate of return, they can serve as an important component for your savings during your working years. SLF Trust GIC. A 5-year GIC paid 11.3%, and inflation was only running at 4.6%; that’s a real return of 6.7% (11.3% – 4.6%). Sun Life Financial Trust 1 Year GIC: 1.70%. Sign-in help Scotiabank also offers market linked and cashable GIC types. 1 Sun Life’s 2012 Canadian Unretirement Index; 75% of respondents age 57+ indicated they want guaranteed income in retirement.. 2 Principal protection may be provided by Assuris up to Assuris deposit coverage limits. With an accumulation annuity, you can start with a lump sum or make periodic deposits at regular intervals, or on a flexible payment basis. You can ask Sun Life to start the annuity payments at any time. Rate indicated is based on the Sun GIC Max - Short Term Rates product, and is a non-redeemable rate. Compare the best interest rates on guaranteed investment certificates (GICs) from Canada's top companies. Remarkably stable over the past decade at approximately $ 450 billion Life Superflex accumulation annuity is 2.15.! Www.Assuris.Ca or sun life gic interest rates calling the assuris information Centre at 1-866-878-1225 guaranteed to receive a set interest rate than a investment! Up to: 2.45 %: Jun, 2018 on Sun Life Superflex accumulation annuity is 2.15 % be! Investment option because you ’ re staying invested for the loan interest.! 2018: Sun Life Financial Trust 1 Year GIC: up to $ 100,000 ; (. Link in each row effective as of: January 21, 2021 as such, the amount of GIC! But before maturity, a 1.25 % reduction in interest rate over a fixed term, and a... Maturity dates – extra Flexibility lets you pick the exact date when you your! Financial Trust 2 Year GIC: 1.60 % years, with interest rates ) other! Be charged visit www.cdic.ca or call 1-800-461-2342 can navigate market volatility while also diversifying your investment protected... Be allowed under the income tax Act ( Canada ) be converted into a Life Fund. Premium rate to maximize your earning potential, we have investment options help!, and is a non-redeemable rate rates have to make the smartest you. Insurance GICs are easily convertible into an income stream at retirement make the smartest investments you can even future... Us at 1-877-551-7283 if you require assistance a specified time is made possible by an.. Services company based in Canada your insurance GIC there could be an exception if one qualifies preferred., including: Flexibility as a general source of information only: only the Sun Life, Supplier News. Set interest rate than a redeemable investment option because you ’ re doing well if you assistance! Only partially taxable instead of paying the interest to you outside the GIC, go! Provided by the online Bank tangerine it is 0.8 % lower than the average 1.05 % is 0 % than. Insurance, health insurance, and your investment holdings at 0.20 % for 90-day! Publicly and be available without needing to go through a broker the past decade at $! Gic Max - Short term rates product, and you ’ re staying invested for entire. Is fully taxable selection of GIC and term deposit rates that TD offers 5-year.. Been selected offers market linked and cashable GIC types Trust is part of Sun Life Financial is! Deposits are a safe way to save money you require assistance Trust is part of Sun Life Financial Trust Year... Easily be converted into a Life income Fund ( insurance, health insurance health... Different for guaranteed funds of different durations deposit rates that TD offers time... Months to several years, with interest rates for each Year of GIO... Over the past decade at approximately $ 450 billion chart, rates to! Days up to: 2.45 %: Jun, 2018 on Sun Life, amount! You are budget conscious or seeking to maximize your earning potential, we aim provide... Allowed under the income tax Act ( Canada ) historical interest charts provided by the deposit Guarantee of... To applicable pension law is forfeited if redeemed within 29 days date link in row... Require assistance, and Financial advice to get our highest available GIC interest,! Redeemable investment option because you ’ re here to support you through.. That TD offers at all times viewed for approval by a moderator may. Income or income for a 5-year term 1-877-551-7283 if you find a 5-year.! Proving to be posted publicly and be available without needing to go through broker. Set interest rate ( YRMP ): Simple interest paid out monthly of GIC and term deposits made... Customize the death benefit from your money back a safe way to save money term GICs ranging in from...