Term Deposits/GICs: 30 to 270 days
Financial Institution Compound
Frequency
Payment
Frequency
Redeem-
able
Redeemable
Term
Minimum
Deposit
Term In Days
30 60 90 120 180 270
B2B Bank N E no   5,000 - - .4500 .5000 .6000 .6500
  N E no   25,000 .3500 .4000 .4500 .5000 .6000 .6500
Canada Life N E yes   5,000 .1500 .1500 .2000 .2000 .3000 .3000
  N M yes   5,000 .1400 .1400 .1900 .1900 .2900 .2900
  N M yes   25,000 .1400 .1400 .1900 .1900 .2900 .2900
  N M yes   75,000 .1400 .1400 .1900 .1900 .2900 .2900
Empire Life N E yes   500 .2500 .2500 .2500 .2500 .3750 .3750
  N E yes   50,000 .3750 .3750 .3750 .3750 .5000 .5000
  N E yes   100,000 .5000 .5000 .5000 .5000 .6250 .6250
Manulife Bank N E no   25,000 .5500 .6500 .7000 .7000 .8000 .9000
  N E no   50,000 .5500 .6500 .7000 .7000 .8000 .9000
  N E no   100,000 .5500 .6500 .7000 .7000 .8000 .9000
Manulife Investments N A no   2,500 - - - - .5500 .5500
  N S no   2,500 - - - - .4500 .4500
  N Q no   2,500 - - - - .4000 .4000
  N M no   2,500 - - - - .3000 .3000
  A E no   2,500 - - - - .5500 .5500
  N A yes   2,500 - - - - .3000 .3000
  N S yes   2,500 - - - - .2000 .2000
  N Q yes   2,500 - - - - .1500 .1500
  N M yes   2,500 - - - - .0500 .0500
  A E yes   2,500 - - - - .3000 .3000
Sun Life Financial Tr. N E no   10,000 .7500 .7500 .7500 .7500 .7500 .7500

Column Heading Value Description
Compound Frequency A Annually
  S Semi-annually
  Q Quarterly
  BM Bi-monthly
  M Monthly
  BW Bi-weekly
  W Weekly
  D Daily
  N Not compounded
Payment Frequency A Annually
  S Semi-annually
  Q Quarterly
  BM Bi-monthly
  M Monthly
  BW Bi-weekly
  W Weekly
  D Daily
  P Periodically
  E 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.