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When is the interest paid on a GIC?

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.

 

If you have a GIC and you would like to look up the details:

Step 1

Select your Account.

Step 2

Tap 'Details' and scroll down to view your interest rate details.

Step 1

Log in if you aren't already and select your GIC Account.

Step 2

Click 'Account Details' to view the Account and interest information.