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When is the interest paid on a GIC?

Interest paid on GIC explained

GIC terms of one year or longer have interest calculated on the basis of 365/366 days, compounded and/or paid annually. Except where otherwise specifically stated, where we offer GICs for terms of less than one year, interest is calculated on the basis of 365/366 and paid at maturity. Unless specified otherwise, the interest rate is an annual fixed interest rate and interest is accrued daily.