This article will inform you about TD GIC rates: What are Canada TD Bank GIC rates and interest rate? The TD Trustee offers a low-risk investment through TD GICs. The TD GIC is a safe and secure way to increase your amount. The TD will invest your specified sum for a specific period. You’ll get the interest and amount after the plans have ended. Continue reading this article to learn more about TD FI Rates and its rates.
Rates of TD GIC
The TD GIC, or Term Deposit Guaranteed Investment Certificate, is a Term Investment Certificate with a variety of plans to grow your money. It offers fixed returns for a specific period.
The TD GIC rates will, however, add up to a certain amount of savings. GIC rates are based on short-term and long-term terms. This article will discuss both.
How to check TD GIC rates in Canada?
Canada’s economy seems to grow day by day. It is the Government that should be thanked for allowing banks such as TD to offer Guaranteed Investment Certificates to its citizens.
Account holders must visit the main portal to check TD GIC rates in Canada. After completing the sign-in process, the account holders will need to click the GIC rates link on the homepage. On the screen, they will see all of the details.
What are the GIC rates at Canada TD Bank?
You can also save for major purchases, down payments or major investments. TD offers you a variety of other facilities to help you achieve your goals, including a high percentage interest rate on your total amount.
This book offers five ways to invest money that will give you a great return without stress. These five ways include:
- Market growth GICs: They work according to market growth and the potential of the stock markets without putting your money at risk. It also provides a guaranteed return of interest according to the terms and conditions, minimum investment plan without any charges.
- Special GICs The interest rate depends on the selected term. It can range from 100 days up to 3 years, with 5.25% PA. This is a short-term or medium-term investment.
- GICs that can be cashed out: This is an excellent investment for both short-term and long-term investments. The rate of return is guaranteed for the period specified. The terms are flexible, ranging from 30 days to 5 year with a 3% annual rate of return.
- Non Cashable GICs An investor can’t cash out their money before maturity. This term is 100% safe and flexible, allowing you to choose a period from 30 days up to 5 years. The rate of return per year is 5.35%.
- TD U.S. dollar: The individual can earn and invest US dollars at a rate of 4.45% for a maximum of five five-year periods. Investors can choose to invest from 1 day up to 5 years, with a minimum of 1000 USD.
You can see from the types above that an individual could choose anyone. This type of tax aid is available according to government norms.
TD GIC Rates
The TD GIC rate depends on a number of factors including short-term, medium-term and long-term.
Short Term
| Term | Registration and non-registration |
| For 30 Days | 2.25% (only TFSA) |
| For 60 Days | 2.50% (TFSA) |
| For 90 Days | 2.75 per cent |
| For 120 Days | 3 per cent |
| 180 Days | 3.25 percent |
| For 270 days | 3.50 per cent |
The rate of interest varies depending on the term in days. The interest rate is 2.50 for 30 days and 60 days, but only in the TFSA.
Rates of Long Term Simple Inflation GIC
| Term | Registration and non-registration |
| For One Year | 5.35 Percent |
| For Two Years | 5.30 Percent |
| Three Years | 5 per cent |
| Four Years | 5 per cent |
| For Five Year | 5% |
Long-Term begins with a one-year plan that offers a 5.25 percent interest rate. The interest rate is 5% for years 3 to 5. The highest Simple Interest rate is 5.30% for the two-year term plan.
Rates of Long Term Compound interest for TD GIC
| Term | Registration and non-registration |
| For One Year | 5.35 Percent |
| Two Years | 5.30 Percent |
| For Three Years | 5 per cent |
| Four Years | 5 per cent |
| For Five Years | 5 per cent |
The compound interest rates are dependent on the term. Investors who invest in a plan for 1 year will receive 5.35% of the interest rate. For 3 to 5 years, they will receive 5%.