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GIC Details

Available terms and rates 1 Year
Access to funds
This is the flexibility to cash out, or redeem, the GIC during the term.		 Redeemable Have the flexibility to cash out at anytime, interest is paid after 6 months of the funds held.
Minimum investment $500
Interest

Paid annually Get an interest payment on each anniversary of opening the GIC.

Availability Available in non-registered and registered accounts inclusing RRSP, RIF, RESP or TFSA

Interest Rates and Terms

Rate is subject to change at any time, without notice. Interest rates are calculated per annum, accrued daily, and paid at maturity.

Rate Term Length
2.80% 1 Year

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1-Year Better-Than-Cash GIC
1-Year Redeemable GIC
Available terms
1 Year
1 Year
Access to funds This is the flexibility to cash out (redeem) the GIC during the term.
 
 
 
Redeemable at any time
yes
yes
Minimal length for interest payable to be redeemable without penalty
6 months
30 days
Minimum investment
$500
$500
Interest earning options
 
 
 
Paid annually Get an interest payment on each anniversary of opening the GIC.
yes
yes
Availability
 
 
 
Available as a Non-registered account
yes
yes
Available as a Registered Account such as an RRSP, RIF, RESP or TFSA
yes
yes
 
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CDIC Deposit ProtectionCDIC Deposit Protection

Coast Capital Savings Federal Credit Union is a member of the Canada Deposit Insurance Corporation (CDIC). More CDIC information

Only deposits payable in Canada are eligible to be insured under the Canada Deposit Insurance Corporation Act.

Coast Capital Savings Federal Credit Union provides advice and service related to deposit, loan and mortgage products. Coast Capital Wealth Management Ltd. provides investment and financial planning services. Coast Capital Financial Management Ltd. provides advice and service related to segregated funds, annuities and life insurance products.

Offers subject to change or termination at any time, without notice. Interest rates are calculated per annum, accrued daily, and paid at maturity. Minimum investment of $500. Eligible for non-registered, TFSA, RRSP and RRIF. No interest will be paid if you redeem this GIC within the first 6 months. Minimum redemption amount of $500 while maintaining the minimum investment amount. Rate holds are not eligible for the promotional offers.

CDIC protects eligible deposits (like in a GIC) to a maximum of $100,000 per category.

Rate subject to change or termination at any time, without notice. Interest rates are calculated per annum, accrued daily, and paid at maturity.