Savings Account, Chequing Account, and GIC interest rates expressed on this website are annual interest rates and are current as of today's date. Interest rates are provided for information purposes only and are subject to change without notice. Interest is calculated daily on the total daily closing balance and paid monthly on our Savings and Chequing Accounts. GIC terms of one year or longer have interest calculated on the basis of 365/366 days and compounded and/or paid annually. GIC terms of less than one year have interest calculated on the basis of 365/366 and paid at maturity. You’ll have 30 days from the purchase or re-investment date to cancel your GIC.