Altamira

Altamira Cashable Fixed Rate GIC

Benefits | Is this right for me? | How is my return calculated? |
Details you need to know | Points to consider | How do I sign up? |

2.40%
Today's Cashable Fixed Rate GIC Rate
guaranteed

Liquidity and security. Want a fixed rate of interest without locking in your money for the full term? The flexibility of a two-year term Cashable Fixed Rate GIC allows you to redeem your investment after 120 days at an adjusted rate of interest.


Benefits 
  • Access to funds. You can redeem your investment after 120 days at an adjusted rate of interest
  • Security. Your principal investment is guaranteed and CDIC insured*
  • Balance. You benefit from adding guaranteed returns from fixed interest rates to your portfolio
  • Stability. Because the rate is fixed, there's no need to worry about market volatility
  • Convenience. Easy to set up, manage and renew
  • Available for all needs. Eligible as Canadian content in RRSPs, RESPs and RRIFs as well as for your short and medium term investing needs
Is this right for me?To top

The Altamira Cashable Fixed Rate GIC might be a good investment if you're looking for a GIC with a fixed interest rate, but you may need access to your funds before your GIC matures.

How is my return calculated?To top

Your rate of return is fixed for a two-year term. Interest is calculated monthly and paid annually.

Today’s rate is 2.40%.

Details you need to knowTo top

Registration Eligibility

RRSP: 100%

RESP: 100%

RRIF: 100%

Access to funds

Redeemable after 120 days at an adjusted rate of interest

Term

2 years

Minimum investment

$500

CDIC insured*

Principal and interest

Suitable for

Cash portion of investment portfolio

Points to considerTo top

Access to your funds is not available until after 120 days. If redeemed early, interest is calculated at an adjusted rate of interest

How do I sign up?To top

It's simple...all you have to do is:

  1. Download an application form, request one by telephone or pick one up at the Altamira Investment Centre nearest you. 

  2. Complete the application form and return to Altamira along with a cheque.

Need help? Contact an Altamira Advisor at 1-866-351-6925 or send us an e-mail.

Important

*GICs offered by Altamira are issued by financial institutions that are members of the Canada Deposit Insurance Corporation (CDIC) and therefore are eligible for deposit insurance from CDIC (subject to maximum coverage limitations as outlined in CDIC's brochure entitled "Protecting Your Deposits").

Any order request received after 4:00 PM Toronto Time will be processed at the next business day's rate.

Want more information? Call us today.

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