In this article, you will know about the TD GIC Rates: What are Canada TD Bank GIC Rates and Interest Rates? A TD GIC is a low-risk investment provided by the TD trustees. The TD GIC provides you with the safe and secure option to grow your sum. The TD invest your specific sum of amount for the specific period, in that you will get interest and amount back after the investment plans are over. To get more crucial information regarding TD FIC Rates, its rates and more, continue browsing this article.
TD GIC Rates
The TD GIC is a Term Deposit Guaranteed Investment Certificate that offers a wide range of deposit plans that grow your money after the investment. It provides fixed rates of return for a specified period.
However, the TD GIC Rates will add up a specific amount in your savings. The GIC Rates are according to short and long terms, which are further discussed in this article.
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How to Check TD GIC Rates in Canada?
Canada is a nation that seems to be growing day by day in terms of finances. The thankfulness would be given to the Government, which have allowed banks like TD to provide Guaranteed Investment Certificate to the citizens.
To Check TD GIC Rates in Canada, the account holders have to browse the leading portal. Once they finish the sign-in operation, they will have to click on the GIC Rates from the home page. The details will then be shown to them on the screen.
What are Canada TD Bank GIC Rates?
Meanwhile, you are saving for your major purchase, for a down payment or any of the major investments. TD provides further kinds of facilities that help you to succeed in your goal, which is a good percentage of interest on your total sum.
It provides five different ways to invest your sum that give you a good return in a stress-free way. Those five ways are:
- Market Growth GICs: It works according to the market growth and potential of the stock market without any risk to your money. Also provides the guaranteed interest return according to the terms, minimum investment and plan without any fees.
- Special Offer GICs: It depends on the selection of the term, which starts from 100 days to 3 years with 5.25% interest rates PA. For this, an individual needs to make a minimum investment of 500 CAD with a fixed rate of return. It is a kind of short-term and medium-term investment.
- Cashable GICs: It is a great investment in short and long-term investment. It provides a guaranteed return rate for the specified period of your return. It has flexible terms ranging from thirty days to 5 years with a 3% yearly rate of return.
- Non-Cashable GICs: In this, an investor cannot cash their sum before the maturity retro. In this term, your money is 100% secure with a flexible period of 30 days to 5 years with a 5.35% yearly rate of return.
- TD U.S. Dollar: This allows the individual to earn and invest in the US dollar on a 4.45% return rate for up to five five-year terms. In this, investors can invest for 1 day to five years with a minimum investment of 1000 USD.
As you can view from the above types, there could be anyone that an individual can select. Such type of Tax Aid is applicable according to the norms of the Government.
TD GIC Interest Rates
The TD GIC rates depend on certain factors, which include short-term, long-term (SI) and long-term (CI).
For Short Term
| Term | Registered and Non- registered |
| For 30 Days | 2.25% (only for TFSA) |
| For 60 Days | 2.50% ( for TFSA) |
| For 90 Days | 2.75 per cent |
| For 120 Days | 3 per cent |
| For 180 Days | 3.25 percent |
| For 270 Days | 3.50 per cent |
The interest rates vary according to the Term in days. For 30 and 60 Days the interest percentage is the same 2.50 and this is only for the TFSA.
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TD GIC rates for Long Term Simple Interest
| Term | Registered and Non-registered |
| For One year | 5.35 Percent |
| For Two years | 5.30 percent |
| For Three years | 5 per cent |
| For Four years | 5 per cent |
| For Five year | 5% |
Long Term starts with a 1-year term plan, which provides a 5.25% interest rate. For the years 3 to 5, the interest percentage is of the same rate, 5%. Two-year term plan provides the highest rate of Simple interest at 5.30%.
TD GIC rates for Long Term Compound Interest
| Term | Registered and Non- registered |
| For One year | 5.35 percent |
| For Two years | 5.30 percent |
| For Three Years | 5 per cent |
| For Four years | 5 per cent |
| For Five years | 5 per cent |
The Compound Interest rates vary according to the term. For 1 one-year plan, an investor will get 5.35% interest for the period of 3 to 5 years investor will get the same percentage of interest rate, which is 5%.
