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About The Laddered GIC Account
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| A GIC investment that will automatically diversify your portfolio by ensuring that a portion matures each year and is reinvested at attractive long-term rates.
| Key Features |
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- Your investment is evenly divided into multiple term lengths, all receiving the same initial competitive interest rate (i.e. into one-, two-, three-, four- and five-year terms).
- Laddered terms of one to five years or one to ten years.
- A portion of your investment matures each year and can either be automatically reinvested into five- or 10-year terms or withdrawn.
- Interest can compound to maturity or, for a non-registered GIC account, be credited monthly, quarterly, semi-annually or annually to the Daily Interest Account.
- Cashable in whole or in part, at any time*.
| How You Benefit |
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- You have greater protection against fluctuating interest rates in the future.
- One attractive initial interest rate for all your investment terms.
- Your GIC investments can renew automatically into attractive long-term rates, with minimal involvement by you.
- Your funds are available to you at any time -- when you need them*.
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| *Surrender charges may apply if withdrawals are made prior to the maturity date. Withdrawals may be subject to legislative or contract restrictions. Additional information is available from your advisor.
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