Are our long-term GICs right for you?
Yes, if you:
- Have $2,500 or more to invest2
- Want to invest your money in a non-registered account, Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF)
Benefits of a long-term GIC
In addition to the standard benefits of our GICs you also;
Our long-term GIC offers a competitive interest rate on all your money
Long-term GIC is not redeemable before maturity except upon death. Minimum $2,500 investment ($10,000 for monthly rates). For compound interest certificates, use annual rates. Semi-annual and monthly interest available for non-registered certificates only.
These rates apply to deposits up to $2 million. To find out the rates for deposits over $2 million, please call us at 1-877-765-2265.
1 Rates are subject to change without notice. Interest paid annually, semi-annually or monthly is only available within for non-registered money.
21-5 year locked-in terms, interest compounded annually to maturity. The minimum investment is $2,500 ($10,000 for monthly interest payments).
Manulife Bank is a member of the Canada Deposit Insurance Corporation (CDIC), which means your deposits are eligible for CDIC deposit insurance protection. Visit cdic.ca for information on eligible deposits.
Ask your advisor or call us to set up regular interest payments when you invest in a new long-term GIC. When investing within a TFSA, RRSP or RRIF, your interest will compound annually. With non-registered money, you can choose to have your interest compound annually, or receive annual, semi-annual or monthly interest payments.
Yes, the minimum investment is $2,500 ($10,000 for monthly interest payments).
No, the only time a long-term GIC can be redeemed before the maturity date is upon death.
You may also like
Get extra flexibility when you invest in a short-term deposit
If you think you might need to access your money during the next year, consider a short-term deposit. Choose a term between 30 and 364 days, with the option to redeem before the maturity date (fees apply).
Save with tax advantages in a Tax-Free Savings Account (TFSA)
Build your savings faster in an account that doesn’t tax the growth on your investments and doesn’t tax withdrawals. A TFSA can help you save towards a major purchase, a new home, your retirement or a “rainy day” emergency fund.
Build a secure future with a Registered Retirement Savings Plan (RRSP)
Get a tax-deduction for your contribution and enjoy tax-deferred investment growth as long as your money remains inside your RRSP. When you’re ready to retire, you can withdraw your money – taxed at what will likely be a lower rate – to help support your retirement lifestyle.